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The shareholders' equity of Core Technologies Company on June 30, 2010, included the following: Common stock, $1 par; authorized, 8 million shares; issued and outstanding, 3 million shares $ 3,000,000 Paid-in capital-excess of par 12,000,000 Retained earnings 14,000,000 On April 1, 2011, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies' common stock was $30 on April 1, 2011, and $40 on June 1, 2011. Required: Prepare the journal entry to record the distribution of the stock dividend on the declaration date.
Purchased raw materials at a cost of $45,000 and general factory supplies at a cost of $13,000 on account (recorded materials and supplies in the materials account)
conan company has total fixed costs of 112000. its product sells for 35 per unit and variable costs amount to 25 per
The City of Martinville had the following pre-closing account balances in its General Fund as of June 30, 2012. Debits and credits are not separated; each account had its "normal" balance.
Smith Corporation is preparing its December 31, 2009, balance sheet. The following items may be reported as either a current or long-term liability.
ignore income taxes in this problem.axillar beauty products corporation is considering the production of a new
Now FASB required that all employee stock options should be expensed on income statement. On Jan. 2005, AA company granted total $100,000 (fair value) of stock options to the employee.
What is the relationship between receivables and cash? What is their influence on liquidity and solvency? How do they affect competitiveness? Why are sales revenue and gross margin so important?
colasuonno corporation has two divisions the west division and the east division. the corporations net operating income
If the accounts receivable balance at December 31 was $200,000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2008?
compare and contrast the requirements for the formation and termination of an s corporation and a partnership. what is
What are the tax consequences to each of the parties as a result of the formation of the partnership, the sale of the property, and the liquidation of the partnership?
corio corporation reports that at an activity level of 2600 units its total variable cost is 117390 and its total fixed
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