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McCall incurred, during that same? year, salary expense of $32 ?million, rent expense of $16 ?million, and utilities expense of $22 million. McCall declared and paid dividends of $15 million during the year. At December ?31, 2018?, McCall had cash of $150 ?million, accounts receivable of $50 ?million, property and equipment of $34 ?million, and other? long-term assets of $20 million. At December ?31, 2018?, the company owed accounts payable of $63 million and had a? long-term note payable of $33 million. McCall began 2018 with a balance in retained earnings of $76 million. At December ?31, 2018?, McCall had total? stockholders' equity of $158 ?million, which consisted of common stock and retained earnings. McCall has a? year-end of December 31.
Problem 1: Prepare the statement of retained earnings? (with a proper? heading) for 2018. ?(Enter all amounts in millions. Include a subtotal after the? "Add" line of the? statement.)
Xonic Corporation issued $7,500,000 of 20-year, 8 percent bonds on April 1, 2015, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2035. Swanson's fiscal year ends on December 31..
Determine if bonds pay interest semi-annually and the market requires that they offer a 10% annual rate of return, what annual coupon rate is being offered?
If all firms raised their prices by 5 percent, by how much would total demand fall?- What is the price elasticity if a single firm raises its price with other firms' prices unchanged?
At December 31, Year 4, what was the amount of Shel's payable to Mussel for intraentity sales? During Year 4, Mussel sold goods to Shel at same markup on cost.
Prepare the journal entries for the issuance of preferred stock for land and issuance of common stock for cash
Prepare the statement of owner's equity for the year ended December 31, 2016. 9. Prepare the balance sheet at December 31, 2016.
Compute depreciation expense on the machine for the year ending December 31, 2017, and the year ending December 31, 2018, using the following methods
Calculate your profit or loss. Give your answer in dollars and cents to the nearest cent. If your answer is a loss then place a negative sign.
ACC701 - role in changing depreciation methods - stakeholders and the impact - Students must provide 8 academic references to support their response
calculation of over heads to be assigned to a unit of output.lakeside companys budget for the coming year includes
Compute the depreciation expense for Year one and two. Prepare the general journal entries to record the Year 1 depreciation and sale of the taxi in Year 3.
Prepare ledger accounts to record the transaction.On 1 August, it was decided to issue 300 000 ordinary shares on the following terms
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