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1. What are the three key dates for dividends? What are the journal entries, if any, for each date?
2. What are the components of pension expense? Be sure and indicate if each component increases or decreases pension expense.
on january 2 2011 the wilcox studios leased six computers for use in the engineering department. the lease period is
Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance.
Determine the earnings on the funds released by the change in credit terms and the cost of the additional cash discounts taken - the net effect on Hill's pretax profits
Assume that fixed costs remain at $630,000. Compute the unit sales to earn the target after-tax net income and (2) dollar sales to earn the target after-tax net income.
Prepare an adjusted trial balance and prepare an income statement, a statement of retained earnings, and an unclassified balance sheet.
Decision on lease or buying the home - Which is the preferred alternative after one year? (Interest payments over the first year would equal $17,852.)
Under what condition is forgiveness of indebtedness not included in taxable income? If the forgiveness of indebtedness is not taxable, explain how is it treated from a tax point of view?
Net income for Sparis was $912,000 during 2011. What was the noncontrolling interest's share of Sparis' net income for 2011?
Concept of business, forms and organisations of business, business strategy, financial management methods, allocation of capital and control of an organisation.
Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $10,000,000, (b) $12,000,000, and (c) $14,000,000.
Prepare a single-step income statement and a retained earnings statement. McGrath Co. has 275,000 shares of common stock outstanding.
Hugo did not sell the bonds by the end of the year. Must Hugo identify any gross income with respect to the bonds?
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