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On january 1, guile corporation had 95,000 shares of no par common stock issued and outstanding. the stock has a stated value of $5 per share. During the year, the following occurred Apr 1 issued 25,000 additional shares of common stock for $17 per share June 15 declared a chas dividend of $1 per share to stockholders of record on june 30 july 10 paid the $1 cash dividend dec 1 issued 2,000 additional shares of common stock for $19 per share dec 15 declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on december 31 (a) prepare the entries to record these transactions (b) how are dividends and dividends payable reported in the financial statements prepared at december 31?
On February 15, Seacroft buys 7,700 shares of Kebo common at $28.60 per share plus a brokerage fee of $430. The stock is classified as available-for-sale securities. On March 15, Kebo declares a dividend of $1.22 per share payable to stockholders of ..
Expenditures for major additions, improvements, flight equipment modifications, and certain equipment overhaul costs are capitalized when such costs are determined to extend the useful life of the asset or are part of the cost of acquiring the asset.
On January 1, 20X1, Pujols Industries has the opportunity to invest in a project with an uncertain outcome. The product might be a hit and very profitable, or it might not. What is the present value of the project? What is the value as of January 1, ..
You assemble the following information for Dillon Department Store, which computes its inventory under the dollar-value LIFO method.
What is the appropriate balance for the Allowance for Doubtful Accounts at year-end and show how accounts receivable would be presented on the balance sheet.
Determine the total equity for Fong's business at year-end and What is the equity at the end of the year
Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable overhead for March. Provide appropriate journal entries to record the variable overhead spending and efficiency variances.
His adjusted basis in the building was $15,000. In addition, the building was encumbered with a $9,000 nonrecourse mortgage that XYZ, LP assumed at the time the property was contributed. Illustrate what is Gerald's outside basis immediately after..
Prepare a schedule of Net Cash Flow by month for the six month period beginning in March, using the template provided and the data above indicating the timing and amounts that must be borrowed or the amounts that can be re-invested or used in the ..
Which of the following statements is known as a "snapshot in time" because the account balances are of a certain date
a. if the project is undertaken at t 0 the company will need to increase its inventories by 50000 and its accounts
How many shares of common stock are in the treasury and what earnings have been retained in the business as of yearend
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