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Question - On January 1, Pronghorn Corp had 62,200 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.
Apr. 1 Issued 14,850 additional shares of common stock for $13 per share.
June 15 Declared a cash dividend of $1.60 per share to stockholders of record on June 30.
July 10 Paid the $1.60 cash dividend.
Dec. 1 Issued 6,600 additional shares of common stock for $11 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31.
Required - Prepare the entries, if any, on each of the three dates that involved dividends.
Amounts owed by customers for the sale of services (due in 30 days) 2670. What amount should appear in the Other Receivables category
How much does Jim have to invest every month until he is 65 to reach his goal, assuming he can invest at a 7% rate
On October 1, 2022, Samson issued one-half of the bonds, at a discount of $20,700, Prepare all the journal entries required for the bonds
What is the net cost of the machine for capital budgeting purposes? (That is, what is the year 0 net cash flow?) What are the net operating cash flows in Years 1,2, and 3? What is the additional Year 3 cash flow (that is, the after-tax salvage and th..
Menke uses straight-line amortization. Ignoring income taxes, the amount reported in Menke's 2010 income statement from this investment should be $4,500.
Determine the total materials variance and round to the nearest whole dollar. Enter a favorable variance as a negative number
The machine falls into the MACRS 3-year class, and it would be sold after 3 years for $637,000. Should the machine be purchased
Den and Carr are partners in the Den-Carr Pa nership. Under the terms of the partnership agreement, Den is to receive 25% of all partnership income or loss.
Determine the Net Cash Flows, PW, and IRR of the project, with no inflation. Conduct a Sensitivity Analysis for the project with inflation and comment
Why a company would continue to increase their cash and liquid investment balances. Support your statements by citing at least three credible resources
Under his will Largo gave $1 million to the local art museum and gave $2 million to his surviving wife Lorna. Discuss the tax implications
IPO and received $43 per share. The offer price was $45 per share, and the share price rose to $51 per share. What was the percentage daily return?
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