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The financial statements for a company included the following information: Common Stock $1,750,000 Retained Earnings $950,000 Net Income $1,250,000 Shares Issues 110,000 Shares Outstanding 90,000 Dividends Declared and Paid $900,000 The common stock was sold at a price of $30 per share. Complete the following:
(a) What is the amount of capital in excess of par?
(b) What was the amount of retained earnings at the beginning of the year?
(c) How many shares are in treasury stock?
(d) Compute earnings per share.
innova corporation makes a commercial-grade cooking griddle. the following information is available for innova
An asset is being constructed for an enterprise's own use. The asset has been financed with a specific new borrowing. The interest cost incurred during the construction period as a result of expenditures for the asset is:
in 2011 x company purchased purchased one asset costing 48400 and elected to expense the entire cost. however x could
sponsors of a local charity decided to attract wealthy patrons to its 500-a-plate dinner by allowing each patron to buy
prepare the current assets section of the balance sheet for gehrig company assuming that in addition to the receivables
the assembly department produced 5000 units of product during march. each unit required 2.20 standard direct labor
In completing his Federal income tax return for both 2004 and 2005, Chester intends to file as head of household and to claimHeloise as his dependent. Comment on the propriety of what Chesterplans to do.
The bonds were sold for $177,000, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2009, in the amount of:
key comparative figures millions for both research in motion and apple follows.key figure research in motion
mayfield company expects to have a cash balance of 46000 on january 1 2010. these are the relevant monthly budget data
The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:
Describe the problems, if any, at Reed Park. Specifically, discuss items related to decision making, cost allocation, and incentives.
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