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1. Restrictions of retained earnings may result from each of the following except:
2. Tina Corporation issued 4,000 shares of $10 par value common stock in exchange for a truck. The truck had a fair market value of $65,000. The entry to record this transaction includes a credit to Paid-in Capital in Excess of Par - CS for:
3. Trinity Manufacturing declared a 10% stock dividend when it had 150,000 shares of $3 par value common stock outstanding. The market price per common share was $11 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to:
Provide a brief comment on each of these to help the bank manager review the accounts.
Compute trend percentages for each item for 2007 through 2010. Use 2007 as the base year. Compute the tate of return on net sales for 2008 through 2010, rounding to three decimal places. In this industry rates of 6% are average, rates above 8% are co..
Let's say I save $400 per month for 20 years, and my investment grows at 6% the whole time that I'm saving. How much money will I have at the end of 20 years? Now let's say the 20 years have gone by and now instead of saving money, I'm living off my ..
HHH Corp. is subject to a debt covenant that requires HHH to maintain a current ratio of at least 3.00. Violation of this covenant would force HHH into bankruptcy. HHH’s FY2013 financial statements show that the current ratio is 3.01. Which the fraud..
question raintree company has brought land and a warehouse for 18000000. the warehouse is expected to last 20 years and
For this assignment the requirement is to create a document for financial management and accounting that uses generic data and examples that defines and analyzes the following terms, concepts, and principles in a business.
Hired as a consultant for ABC Investment Group
the cfo for fin tackle company a manufacturer of fine completing supplies has provided you the subsequent information
You just won the lottery! As your prize you will receive $1,200 a month for 100 months. If you can earn 8% on your money, what is this prize worth to you today?
Jarhead Corporation, on March 1, issued $2,500,000, 5-year, 13% bond at an effective interest rate of 11%, receiving proceeds cash of $2,688,440. Interest on the bonds is payable semiannually on March 1 and September 1. The fiscal year begins on Marc..
What amount could Ray include in his gross income from receiving the life insurance proceeds? The insurance company paid Ray $16,000 interest on the life insurance proceeds through the period Carin's estate was in administration.
Describe two business examples for each account classification (asset, liability, & owners’ equity) from a real life service company, merchandiser company (retailer), and manufacturing company. Provide an example of the journal entries for either acc..
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