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1. Green Day Corporation has outstanding 400,000 shares of $10 par value common stock. The corporation declares a 5% stock dividend when the fair value of the stock is $65 per share. Prepare the journal entries for Green Day Corporation for both the date of declaration and the date of distribution.
In 2001, the NYSE switched from a fractional pricing system (stock priced in increments of 1/8 of a dollar) to a decimal pricing system (stock priced in increments as small as 1 cent). Explain how this might encourage front-running by traders?
Judy, a cash basis taxpayer, leases office buildings to commercial tenants. During 2015, she receive $10,000 from various tenants a refundable damage deposits, $300,000 for 2015 rents, and $50,000 for 2016 rents. How much should Judy include in 2015 ..
curl company completed 425000 units during the year at a cost of 20187500. the beginning finished goods inventory was
For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $750. The amount debited to Accounts Receivable for the new partnership is
In return, she receives 80% of the stock in Goldfinch Corporation (fair market value of $180,000) and a long-term note (fair market value of $20,000) executed by Goldfinch and made payable to Eileen. Eileen recognizes gain on the transfer of:
How much does this differ from the actual direct labor cost? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavor..
the hillside inn is a restaurant in flagstaff arizona. it specializes in southwestern style meals in a moderate price
For each of the following situations, state whether a Type I, a Type II, or neither error has been made. a) A test of H0: m = 25 vs. HA: m 7 25 rejects the null hypothesis. Later it is discovered that m = 24.9. b) A test of H0: p = 0.8 vs. HA: p 6 0..
issues raised about investment securities you have just started work for warren co. as part of the controllers group
The human resources department costs are allocated using the direct method and based on the number of employees, and the total amount of costs for the department is $187,000.
bkf.com provides banks access to sophisticated financial information and analysis via the web enabling them to
wedd corporation had 35000 of raw materials on hand on may 1. during the month the company purchased an additional
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