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Sunshine Corporation began operations on Jul 1, 2009. When Sunshine's first fiscal year ended on Jun 30, 2010, the balance sheet showed 200,000 shares of common stock issued and 195,000 shares of common stock outstanding. During the second year, Sunshine repurchased 10,000 shares for the treasury. No new shares were issued in the second year. On the balance sheet at Jun 30, 2011, how many shares would be classified as issued? How many shares are outstanding?
Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $10.2 million, current ratio = 1.70 times, inventory turnover ratio = 12.2 times, average collection period = 22 days, and sales = $102 million.
Many professional accountants believe that the main purpose of accounting standards is to protect the public. With that in mind, what do you think are the main objectives of the AICPA code of professional conduct and how does the code relate to pr..
fleet inc. manufactured 700 units of product a a new product in 2001. product as variable and fixed manufacturing costs
the atlantic company sells a product for 150 per unit. the variable cost is 60 per unit and fixed costs are 270000.
what are temporary differences? what gives rise to temporary differences? some accountants believe that deferred taxes
Battle Tank, Inc. had net sales in 2004 of $1,200,000. At December 31, 2004, before adjusting entries, the balances in selected accounts were: Accounts Receivable $250,000 debit, and Allowance for Doubtful Accounts $2,100 credit.
ella owns 60 of the stock of peach inc. the stock has declined in value since she purchased it five years ago. she is
If standard deviation is 10 units per week, lead time is 2 weeks, demand is 50 per week, lot size is lot - for - lot, and desired service level is 97.72%, what is the statistical reorder point?
Calculate the predetermined overhead rate using direct labor costs as the allocation base. Calculate the predetermined overhead rate using machine hours as the allocation base. Which of the allocation bases is preferred? Why?
stark company has five employees. employees paid by the hour receive a 10 per hour pay rate for the regular 40-hour
sid simon wants to cash in on the increased demand for ethanol. accordingly he purchased a corn farm in iowa. simon
you are offered a chance to buy an asset for 7250 that is expected to produce cash flows of 750 at the end of year 1
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