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The common stock of Warner Inc. is currently selling at $110 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $70 per share. Five million shares are issued and outstanding. (a) How much is the debit to retained earnings if the board votes a 2-for-1 stock split? (b) Prepare the necessary journal entries if the board votes a 100% stock dividend.
Late in the current year, Brad Corporation's factory was destroyed by a tornado. Brad determined that it had a $200,000 unreimbursed loss on the building built ten years ago and a $75,000 gain on ten-year-old machinery (cost $100,000). Prior to th..
The dash club of tampa, florida,collected receipes from memebers and published a cookbook entitled life of the party.the book will sell for $25 per copy.the chairwoman of the cookbook development committee estimated that the club needed to sell 10..
transaction analysis-various accounts prepare an answer sheet with the following column headings. for each of the
The company will purchase the carpets from a local distributor for $350 each, with the privilege of returning any unsold units for a full refund. Jerry's club has offered Color Rugs two payment alternatives for the use of space.
Muriel, age 70 and single, is claimed as a dependent on her daughter's tax return. During 2009, she had interest income of $2,400 and $800 of earned income from babysitting. Muriel's taxable income is what?
$10,000,000 face value, serial bonds repayable in 40 equal semi-annual installments of $500,000, which includes coupon payments and repayment of principal, for 20 years, priced on the market to yield 6% compounded semi-annually. Round your answer ..
What Amount will the proprietors of the inn be required to pay the bank at the end of 5yrs. Hint find the present value of the 1st two loans.
on april 8 2010 a flood destroyed the warehouse of stuco distributing co. from the waterlogged records of the company
What is a pension plan as used in a firm and related to employee compensation? What is the difference between a defined contribution plan and a defined benefit plan?
stock in dragula industries has a beta of 1.1. the market risk premium is 7 percent and t-bills are currently yielding
as at december 31-2012 a company has total assets of 3500 current assets of 1500 and fixed assets of 2000 debt of 2250
find the smallest number such that if its rightmost digit is placed at its left end the new number so formed is
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