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On December 31, 2014, ABC Corporation issued 1,000 shares of restricted stock to its Chief Financial Officer. ABC stock had a fair value (closing market price) of $7 per share on December 31, 2014.
Additional information is as follows:
a. The service period related to the restricted stock is 2 years. b. Vesting occurs if the CFO stays with the company for a two-year period. c. The par value of the common stock is $3 per share.
Make the appropriate accounting entry as of the grant date, 12/31/14.
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In the Australian accounting sphere the concept of due process is applied within the institutional arrangements for regulating financial reporting and falls particularly within the promulgation of accounting standards.
Mississippi Company produces and sells one product. Its sales and expenses for last month were: Compute Mississippi Company’s margin of safety in dollars and as a percentage of sales.
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Prepare the September 9 entry to establish the fund and (2) the September30 entry to both reimburse the fund and reduce it to $300.
Assume that the best cost driver that Sony has for variable factory overhead in the assembly department is machine hours. During April, the company budgeted 490,000 machine hours and $4,000,000 for its Texas plant's assembly department. Determine the..
Computation of total cash received from the selling of merchandise - What was the total cash received from second during July
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