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On June 1, ACME Corporation, declared and issued a 15% stockdividend to each of its 400,000 outstanding shares of $2 par value common stock. On November 1, ACME declared a 4-for-1 stock splitand changed its par value accordingly. The market value of ACME's stock was $10 per share on June 1 and $14 per share on November 1. Immediately before the stock dividend, ACME's stockholders' equity appeared as follows:
Common stock (400,000 $2 par shares issued)
$ 800,000
Paid-in capital in excess of par
1,200,000
Contributed capital
2,000,000
Retained earnings
1,000,000
Total stockholders' equity
$3,000,000
Prepare the stockholders' equity section after the stockdividend and stock split.
The translation (remeasurement) adjustment reported in a translation when the functional currency is not the foreign currency is included:
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Ted thomas a single taxpayer with no dependents has the following transactions in 2010- long term capital gain 18,000. If his agi were 25,000 what is the maximum rate at which it would be taxed?
find a journal article online about standard costing. in the subject line of your post include the title of the article
Product-cost cross-subsidizations more likely to occur when:
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Restate the entry for September 1, assuming the treasury shares were sold at $12 per share.
Prepare the general journal entries that should be made in 2010 and 2011 related to the above plan by Paige Candy; and also Indicate the account names, amounts, and classifications of the items related to the premium plan that would appear on the ..
Identify and explain any problems you see with the sales plan. If you were Bright and Shiny CEO, which aspects of the sales plan would you have approved and which would you have denied. Why?
Specifically, you are making a presentation about your role as an accountant. Describe for the students the primary objectives of accounting. a) Explain the basic terminology of the accounting process or financial reporting.
What would be Melissa's after-tax income from the part-time job, considering Social Security and Medicare tax (use 7.65%) as well as Federal income tax on the earnings of $5,000? (Round your intermediate computations and final answer to the neares..
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