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The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. What is the entry for the dividend declaration?
the basic model of competition reviewed finds that in the long run all firms in a purely competitive industry will earn normal profits. if all firms will only earn a normal profit in the long run, why would any firms bother to develop new products..
Manufacturing overhead is allocated to products based on the number of machine hours required. In a year when 20,000 machine hours were anticipated, costs were budgeted at $125,000.
On march 2, the two 50% shareholders of a calendar year corporation decide to elect S status. One of the shareholders, Terry, purchased her stock from a previous shareholder (a nonresident alien) on January 18. Identify any potential problems for ..
could you work this problem out step by step to show how to get answers? otter a partnership is not a taxpaying entity.
comstock company purchased 1000 units of its product for 6 per unit. comstock sold 800 units for 10 per unit.a. what
Management is considering dropping product lines A and B.If 50% of the fixed costs for dropped products could be avoided, what recommendation would you make to management? Quantify you answer.
Hayden's outside basis in his interest in the HIGH Partnership is $420,000. In a proportionate nonliquidating distribution, the partnership distributes to him cash of $100,000, inventory
kelp company produces three joint products from seaweed. at the split-off point three basic products emerge sea tea sea
the final processing department in carols production facility began the year with no work in process inventories.
A company wishes to issue a $30,000, 4-year bond that pays 8% interest compounded semiannually (4% every 6 months). Determine the selling price. Assume a market rate of 10% compounded semiannually (5%).
during 2011 southern winn ltd paud dividends of 1 per shares on common stock and 5 per share on its preferred.
a. Calculate the direct materials price variance for May. b. Calculate the direct materials quantity variance for May. c. Calculate the direct labor wage rate variance for May. d. Calculate the direct labor efficiency variance for May.
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