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Problem 1: On January 1, 2016, Alpha Corporation had 100,000 shares of common stock outstanding. On April 15, the board declared a $0.30 per share dividend to be paid to stockholders of record on May 4. The dividend was distributed on May 15. Use this information to prepare the General Journal entries (without explanation) for April 15 & May 15. If no entry is required then write "No Entry Required."
A refiner for the next two months has exposure to 3.562 million gallons of ethanol. What would be the optimal number of contracts for the refiner to hedge with?
prepare year-end adjustments to the following situations. omit explanations.accrued interest on notes receivable is
in december one of the processing departments at stiel corporation had ending work in process inventory of 38000.
It is illegal for a government to spend money for any purpose unless a valid appropriation for that purpose exists. Does this legal rule assure good financial management for each government? Why or why not?
One of Astro Company's activity cost pools is machine setups, with estimated overhead of $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers?
On October 1, 2015, Red Corporation acquired the assets of Blue Corporation. Calculate the amortization deduction of the goodwill for 2015
mand-richnally a manufacturing company provided you with information pertaining to may the firms most recent month.
Why is it difficult to develop accounting reporting categories that are uniform for governments within the same type of entity (e.g. cities) and even more difficult to develop them for governments within different types of entities
Explain If the net working capital is negative then it indicates that?Long tem funds have been used for financing short term assets.
Question - The following static budget is provided: What will be the overall volume variance if 16,000 units are produced and sold
Another $600,000 of investment income is generated by the museum's endowment fund. Calculate the amount of unrelated business income
What are some of the most common costs incurred associated with an audit engagement? Which costs could be better controlled? Why?
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