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Question: The Pallorina Corporation board of directors voted on Nov. 1, 2018, to declare a 45% share dividend, distributable on Dec. 31, to shareholders of record as of Dec. 1. Pallorina's articles authorize the issuance of 200,000 shares of P40 par ordinary shares. As of Nov. 1, 2018, 50,000 ordinary shares are issued and outstanding. The market price of Pallorina stock on Nov. 1 is P85 per share.
Required: Prepare the entries needed on the declaration, record and payment dates.
Explain when you would use a process costing system and what the purpose of equivalent units is.
Stanton Company estimates that its 20-1 income tax will be $80,000. Prepare the journal entry for April 15
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If DWC's capital structure consists of 40 percent debt and 60 percent common equity, what is its weighted average cost of capital (WACC)
the weighted average cost of capital for a firm assuming all three modigliani and miller assumptions apply is 15
The job consisted of 18,000 square feet of interior wall space. Calculate variances for direct material and direct labor
Select one internal control from the following list that would be most effective in the prevention of the failure. Indicate the letter of the control next to each failure above. Letters should not be used more than once and some letters may not be..
On April 1, it established a petty cash fund in the amount of $252. Prepare the journal entries to record transactions related to petty cash for month of April
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Notes receivable past due plus interest on these notes 47,000Total $789,000Illustrate how these items should be shown in the balance sheet as of December 31.
at the beginning of the current season on april 1 the ledger of flint hills pro shop showed cash 2500 inventory 3500
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