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On March 1, Gridley sold an additional 250,000 shares on the open market at $20 per share. Gridley issued a 20% stock dividend on May 1. On August 1, Gridley purchased 140,000 shares and immediately retired the stock. On November 1, 200,000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2011?
If the beginning balance in OAA is $3,900, and the following transactions occur, what is the ending OAA balance?
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Captain Inc. purchases a depreciable asset for $100,000. The life of the asset is 10 years and it has an estimated salvage value of $10,000. Captain Inc. takes a full year of depreciation expense in the year the asset is acquired. Which of the fol..
The primary purpose of the statement of cash flows is to provide information about a companys: a. cash receipts and cash payments. Corporations should record dividends as a direct charge to retained earnings
Managing working capital effectively is what keeps good businesses from going bankrupt. So how does management determine the total amount of working capital required?
What do potential voting rights refer to and how do they affect the application of the equity method for investments under U.S. GAAP?
What is the promotional expence that Drew-Richards should report on its 2011 income statement? What is the premium liability that Drew-Richards should report in its 2011 balance sheet?
Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 15 percent.
Calculate the overhead rates per direct-labor hour for the Etching Department and the Finishing Department. Usethe direct method to allocate service department.
For the activity level of 2500 units, compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost. d. the average variable cost per unit, e. the average fixed cost per unit; and (f) the average total cost per unit. Assume th..
Supposing that a linear functional relationship exists, determine the equation that relates total costs to total sales. Describe why the nature of the relationship may change if sales exceed $5,000.
Prepare journal entries to record the following transactions entered, answer the questions in accounting basics.
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