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Question - Monty Corporation has 460,000 common shares outstanding. The corporation declares a 7% stock dividend at the common shares' fair value of $32 per share. (Their carrying value is $15 per share).
Required - Prepare the journal entries for the company for both the date of declaration and date of distribution.
Describe at least two types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting.
What are the advantages and disadvantages of the US GAAP bright line approach versus the IFRS conceptual approach in determining the classification of a lease?
tampa foundry began operations during the current year manufacturing various products for industrial use. one such
dime a dozen diamonds makes synthetic diamonds by treating carbon. each diamond can be sold for 140.00 the materials
A company’s net income appears directly on the income statement and the owner’s equity statement, and it is included indirectly in the company’s balance sheet. Do you agree? Explain.
Discuss the possible ethical issues that might have arisen from the structural connectedness between the News Limited and NRL competition prior
At the end of the year, any balance in the Manufacturing Overhead account is generally eliminated by adjusting
If you are the manager of Laucala branch, would you make or buy plain cakes from Nausori Bakery? Show all necessary calculations.
the sports equipment division of jorgensen company is operated as a profit center. sales for the division were budgeted
on december 30 2009 parker company ships 250000 of merchandise by common carrier to jackson inc. the terms of the sale
Pretty Lady Cosmetic Products has an average production process time of 40 days. Estimate the average length of the firm
Joe does not take § 179 or additional first year depreciation. What is Joe's MACRS depreciation for the van for 2017
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