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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.
discuss several weaknesses in internal control over information and data flows and the procedures for processing
Alpha Great Construction is using the percentage of completion method to recognize revenue:
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 5200 units in march and 6200 units in april. direct materials
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 receivable, accounts payable, and inventory as at 30 April 2012, and reconcile these with the control accounts in the general ledger.
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 the basis of machine-hours has provided the following data for
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 variable costing. in the subject line of your post include the
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 this product is three sequential activities of cut paste amp
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