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1. The stockholders' equity section of O'Vear Corporation consists of common stock ($10 par) $2,000,000 and retained earnings $500,000. A 10% stock dividend (20,000 shares) is declared when the market value per share is $14. Show the before and after effects of the dividend on the following
(a) The components of stockholders' equity.
(b) Shares outstanding.
(c) Par value per share.
area company purchased a delivery van at a cost of 30000 cash on january 1 2013. the van has an estimated useful life
based on the following production and sales data of concrete co. for marchof the current year prepare a a sales budget
a company is considering investing in a project that is expected to return 350000 four years from now. how much is the
UMUC contracted to build a new hotel for $800,000 that will take 3 years to complete. The following information pertains to the contract. UMUC uses the percentage-of-completion method in accounting for long-term contracts.
Carson, Letterman, and O'Brien are partners who share profits and losses 50%, 30%, and 20%, respectively. Their capital balances are $116,000, $69,000, and $34,000, respectively.
the sports equipment division of jorgensen company is operated as a profit center. sales for the division were budgeted
prepare the necessary ledger accounts assuming that aseparate set of books are maintained for the joint venture transactions.
On January 1, 2009, D Corp. granted an employee an option to purchase 6,000 shares of D's $5 par common stock at $20 per share.
velvet company allocates costs from the payroll department s1 and the maintenance department s2 to the molding p1
Prepare schedules to compute the ending inventory at March 31, 2011, under each of the following inventory methods.
Government Accounting: Preparing Journal Entries
the zenith manufacturing corporation sells a certain product at a price of 50 each. the variable costs involved in the
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