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On January 1, Vanessa Corporation had 61,600 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 13,230 additional shares of common stock for $12 per share. June 15 Declared a cash dividend of $1.60 per share to stockholders of record on June 30. July 10 Paid the $1.60 cash dividend. Dec. 1 Issued 8,440 additional shares of common stock for $12 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.00 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Develop a scorecard and dashboard illustrating the key indicators and send the samples and a memo to the board members
Montoure Company uses a perpetual inventory system Compute the number of units in ending inventory
Calculate the Cost of Goods Sold for Buckler Inc. for the year ended September 30, 2015 - prepare a Multi-Step Income Statement for Buckler Inc. for the year ended Sept 30, 2015.
Prepare a business report that summarizes the information researched on your two firms. The report should include the name and background information on each of the firms.
Morgan Trucking traded a used truck with a book value of $1,700 and a fair market value of $2,300 for a new truck with a list price of $17,800. Morgan agreed to pay $13,000 in cash for the exchange in addition to giving up the used truck. Assuming th..
If its income tax expense was $80 million, what would be shown as an operating cash flow under the direct method?
In November 2015, Kendall purchases a computer for $4,000. She does not use Sec. 179 expensing. She only uses the most accelerated depreciation method possible. The computer is the only personal property which she places in service during the year. W..
The income tax rate is 40%. Vermont would report the subsequent amounts related to deferred taxes on its year end 31st December, 2012 balance sheet :
Compute the rate of depreciation per year to be applied to the plant assets under the composite method. Prepare the adjusting entry necessary at the end of the year to record depreciation for the year.
Using the data in the attached spreadsheet. Perform the accounting required for each of the following government fund transaction.
Compute the taxpayer’s taxable income. You must clearly identify (label) each component in order to receive credit. Compute the taxpayer’s tax liability. Be sure to provide supporting calculations for your tax determination.
Which items must be depreciated on the business books of the company you wokr for?
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