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On January 1, Staff Corporation had 80,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following transactions occurred. Apr. 1 Issued 12,000 additional shares of common stock for $18 per share. June 15 declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 paid the $1 cash dividend. Dec. 1 Purchased 7,000 additional shares of common stock for $17 per share. Dec. 15 declared a cash dividend on outstanding shares of $1.20 per share to stockholder of record on December 31. Instructions show computations (a) prepare the entries, if any, on each of the three dividend dates.
Elucidate the evidence produced by the performance of procedures and decide whether management's assertions conform to generally accepted accounting principles and reality
Write a paragraph that explains the difference between a stock dividend and a stock split - Explanation about the main differences between a stock dividend and a stock split.
the income statement approach to estimating uncollectible accounts expense is used by landis company.on february 28 the
If the $1,800 cost is entirely fixed, how much must each passenger be charged for the toll process to break even? How much each passenger must be charged for the toll process to make a profit of $250 per day?
Explain the advantage of using a flexible budget. Also, why are flexible overhead budgets based on an activity measure, such as hours or process time or machine time?
For 2010 Stoneland Corporation reported net income $26,000; net sales $400,000; and average shares outstanding 6,000. There were preferred stock dividends of $2,000. What was the 2010 earnings per share?
Calculate depreciation at each year end that applies Straight-line method and units of production method
Prepare the general journal entries to make the necessary adjustments for the information presented to you above. (If you believe a journal entry is not required, please explain why you believe this to be the case).
What is the operating income for both firms and what are the earnings after interest?
what are the importance of economics to an accountant as he been employed to under take an accountancy job in a
Explain and discuss their theorem along with a critique of the advantages and disadvantages of the theorem.
Determine the number of units Patterson must sell to break even and determine the sales revenue required to earn (pretax) income equal to 20% of revenue.
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