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On February 15, Company A declares a 1 for 4 reverse stock split effective on March 1. The stock price on February 15 is $50 and the stock price on March 1 is $20. What is the amount of the each share of stock after the stock split?
mount royal corporation has two divisions the beta division and the alpha division. the beta division has sales of
At the end of year three (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $2,000. Compute the revised depreciation.
the warsaw company must maintain a minimum cash balance of 15000. at the beginning of june the companys cash balance
Your father runs a small auto body shop. He has decided to computerize his records and has asked you to explain the basics of accounting to him so that he can enter the data into his accounting software.
Prepare the journal entries to record the following transactions in Hunt Ltd’s records using the perpetual inventory system. (For multiple debit or credit entries, list accounts in order of magnitude.)
popper co. acquired 80 of the common stock of cocker co. on january 1 2009 when cocker had the following stockholders
b-mart sells 5000 of blue jeans. the customer later tells b-mart that 200 of them are defective. the sale of the 5000
Soap Corporation issued a $350,000, 6% 15-year mortgage note to obtain needed financing for new office. The terms of the note call for semiannual payments of $17,857 each. Prepare the entries to record the mortgage loan and the first installment.
richard and overhill are equal partners in the r amp o roofing firm. in the process of ending the business they sell
athens company processes 15000 gallons of direct materials to produce two products product x and product y. product x
Please describe the various approaches required by current GAAP standards for reporting changes in accounting principles? Discuss how these approaches may be impacted by the adoption of new IFRS standards.
dan engles manufactures and sells homemade wine and he wants to develop a standard cost per gallon. the following are
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