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Early in 2013, Pakistan Light waive company was organized with authorization of 20,00,000 shares of 15 par value common stock and 40,00,000 shares of 200 par value preferred stock. 5,00,000 common shares were sold for 35 per share. 2,00,000 preferred shares were issued at Par. During the first five years (2013 -2017) Pakistan Light waive earned a total of 545000 and paid dividends of 30 cents per common share outstanding each year.
Problem 1: Prepare statement of share holder equity at December 31,2017.
Problem 2: Would the use of accelerated depreciation in the financial statements be more conservative or less conservative? Explain with figurative work.
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Pay the college and earn the same profit expected in requirement
Problem - Use the Internet to research an annual report of a retail company. Provide a rationale for your response
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Flores Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review his textbooks on the topic of corporation accounting.
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