On january 1 2010 gant corporation had 1500000 of common

Assignment Help Accounting Basics
Reference no: EM13608952

On January 1, 2010, Gant Corporation had $1,500,000 of common stock outstanding that was issued at par and retained earnings of $750,000. The company issued 30,000 shares of common stock at par on July 1 and earned net income of $400,000 for the year. Journalize the declaration of a 15% stock dividend on December 10, 2010, for the following two independent assumptions.a) Par value is $10 and market value is $15. b) Par value is $5 and market value is $8.

Reference no: EM13608952

Questions Cloud

Determine thenbspznbsppercentile associated with each : construct a normal probability plot for the following sample of observations on coating thickness for low-viscosity
Mellilo corporation issued 5 million of 20-year 95 percent : mellilo corporation issued 5 million of 20-year 9.5 percent bonds on july 1 2011 at 98. interest is due on june 30 and
According to a website about salaries the national average : according to a website about salaries the national average salary as of october 2003 for a human resources clerk was
Van frank telecommunications has a patent on a cellular : van frank telecommunications has a patent on a cellular transmission process. the company has amortized the patent on a
On january 1 2010 gant corporation had 1500000 of common : on january 1 2010 gant corporation had 1500000 of common stock outstanding that was issued at par and retained earnings
Highsmith rental company purchased an apartment building : highsmith rental company purchased an apartment building early in 2013. there are 20 apartments in the building and
During the same 10 minutes heat transfer occurs at a : 2kg of air in a closed rigid tank is fitted with an electrical resistor. the resistor draws a constant current of 10
Aliant corporation sold 100000000 face value 6 bonds the : aliant corporation sold 100000000 face value 6 bonds. the bonds mature in 20 years and pay interest semiannually. the
A proton is released from rest in a uniform electric field : a proton is released from rest in a uniform electric field of magnitude 412 nc. a find the electric force on the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss several weaknesses in internal control over

discuss several weaknesses in internal control over information and data flows and the procedures for processing

  The percentage of completion method to recognize revenue

Alpha Great Construction is using the percentage of completion method to recognize revenue:

  Prepare a classified balance sheet in good form assume that

assume that denis savard inc. has the following accounts at the end of the current year.1.common stock14.accumulated

  Company produces one product given production volume of

company produces one product. given production volume of 5200 units in march and 6200 units in april. direct materials

  Tax consequences of the liquidation

In a liquidation subject to section 332, Rose distributies assets to Pheasant and Crystal in accordance with their ownership intersts. Discuss the tax consequences of the liquidation for Rose, Pheasant, and Crystal.

  Prepare schedules of accounts

Prepare schedules of accounts receivable, accounts payable, and inventory as at 30 April 2012, and reconcile these with the control accounts in the general ledger.

  Doctor bones prescribed physical therapy in a pool

Determine if a capital expenditure such as the cost of a swimming pool qualifies for the medical expense deduction.

  Acer corporation which applies manufacturing overhead on

acer corporation which applies manufacturing overhead on the basis of machine-hours has provided the following data for

  Kyle worked as a free-lance software engineer for the first

kyle worked as a free-lance software engineer for the first three months of 2013. during that time he earned 44000 of

  Find a journal article online about absorption andor

find a journal article online about absorption andor variable costing. in the subject line of your post include the

  Compute deeres inventory turnover ratio

Compute Deere's inventory turnover ratio and days in inventory for 2009 and compute Deere's current ratio using the 2009 data as presented, and then again after adjusting for the LIFO reserve.

  Ship sells hangings for 30 a foot their value chain for

ship sells hangings for 30 a foot. their value chain for this product is three sequential activities of cut paste amp

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd