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On January 1, All About Company had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.
Apr. 1 Issued 9,000 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. July 10 Paid the $1.50 cash dividend. Dec. 1 Issued 4,000 additional shares of common stock for $12 per share. 15 Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31.
Instructions Question 1: Prepare the entries, if any, on each of the three dates that involved dividends.
Question 2: At what amounts are dividends and dividends payable reported in the financial statements prepared at December 31?
A number of accounting principles and concepts (such as the matching principle) were discussed in this chapter. For each of the following situations.
Required - Find the dollar amount that Alpha will report on its fiscal year 2018 Balance Sheet for Paid in Capital Treasury Stock
on 1 july anderson ltd require 70 of equity capital of arthur a cost of 4 millions at the date of acquisition all
the 2-month interest rates in switzerland and the united states are respectively 3 and 8 per annum with continuous
Access the glossary ("Master Glossary") to answer the following.
Briefly discuss the types of ethical issues involved in computerized accounting information systems and how organizations can encourage their employees to act ethically.
the stockholders equity accounts of neer corporationon jan. 1 2010 were as followpreferred stock 8 50 par cumulative
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Evaluate the financial performance of a company of your choosing using the knowledge and technical skills that you have gained during the course
Assuming that a prevailing interest rate of 8% applies to this contract, how much should Fishbone record as the cost of the machine
What circumstances are external auditors eligible to receive Dodd-Frank Whistleblower incentives? Be specific and discuss why you think this exception was made.
discuss the major differences between managerial accounting and financial accounting
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