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Questions -
Q1. Regular dividends are declared out of
a. Treasury Stock.
b. Common Stock.
c. Paid-in Capital in Excess of Par Value.
d. Retained Earnings.
Q2. The following balances were taken from the general ledger: Authorized Share Capital 15,000,000; Unissued Share Capital 6,000,000; Subscribed Share Capital 3,000,000; Subscription Receivable 1,200,000; Share Premium 1,500,000; Retained Earnings 2,700,000; Bonds Payable 600,000; Treasury Shares 300,000? How much should be the Total Shareholders' Equity?
a. P 14,400,000
b. P 16,500,000
c. P 15,300,000
d. P 14,700,000
Record the journal entry for the day's sales ignoring cost of goods sold. Leslie and Ben run a dry cleaners together, called Pawny Cleaners.
From an economic point of view, at what quantity and price of emissions does the benefits to factory balance the cost to farmer?
Equipment acquired at the beginning of the year at a cost of $30,800 has an estimated residual value of $2,800. Determine the annual straight-line depreciation
what is the return on the assets, if the firm has an asset turnover ratio of 3 times, what is the profit margin (return on sales)?
On December 31,20X2, the balance in account Receivable was Birr 800,000.00. Prepare adjusting entries to record bad debts expense
Does Isaac realize a gain on the swap of the lland, and if so how much gain is realized? Isaac buys a piece of land as an investment, paying $20,000.
Given the following partnership activity for the year, determine each partner's adjusted basis in Quick and Reddy at the end of the taxable year.
What is a constructive dividend? Under what circumstances is the IRS likely to argue that a constructive dividend has been paid
Create a retained earnings statement for the year ended December 31, 2010. Prepare the Stockholders Equity section of the December 31, 2010, balance sheet.
Jack and Jill are married and have three dependent children, and they file a joint return in 2014. What is there taxable income
Compute a 98% confidence interval for the national average error based on these sample results. Assume the travel agent errors are normally distributed in the population. How wide is the interval? Interpret the interval.
A tornado damaged Angela's home. Prior to the storm, her living expenses were $1,200 a month. What the amount that Angela must include in gross income
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