Reference no: EM131018307 , Length: 750 Words
1. Explain each of the following terms that apply to corporations:
a. separate legal entity
b. limited stockholder liability
c. income tax liability
d. government regulation
2. At what level of government are corporations created?
3. What are organizational Expenses? Give a few examples.
4. There are two main sources of stockholders' equity. What are they?
5. What is retained earnings? Where do retained earnings come from. Is retained earnings the same thing as cash?
6. All corporations issue common stock. Name the four rights of the common stockholder.
7. Preferred stock has a fixed (unvarying) dividend. There are two ways that this dividend may be described; what are they?
8. What is cumulative preferred stock?
9. Johnson Corporation issues 1,000 shares of $10 par common stock and receives $15 per share. How would this transaction be recorded?
10. If common stock is issued at a premium, as in question 7, is the excess considered net income for the corporation? Explain.
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The inventory account included
: Raw materials purchases of $500,000 were received before yearend but remain unaccrued pending receipt of the vendors' invoices.
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Bandstra coporation had a book balance in its cash account
: At March 31, Bandstra Co. had a book balance in its cash account of $5,500. At the end of March the company determined that it had outstanding checks of $900, deposits in transit of $600, a bank service charge of $20, and an NSF check from a customer..
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What are the biological and behavioral adaptations
: What are the biological and behavioral adaptations that allowed for the increase of human brain size?How has our diet changed over the past 2 million years, and how do we know?
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Determine the percent saturation of hemoglobin in tissue
: Determine the percent saturation of hemoglobin in tissue at normal temperature and at 43 degree?
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What is retained earnings where do retained earnings come
: What are organizational Expenses? Give a few examples. What is retained earnings? Where do retained earnings come from. Is retained earnings the same thing as cash? What is cumulative preferred stock?
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Use the data provided in the attached excel spreadsheet
: Use the data provided in the attached Excel spreadsheet to conduct a thorough financial analysis.
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Compute the cost of the units transferred to the next
: Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
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Construct the cash flow statement for the year 2014
: Construct the cash flow statement for the year 2014
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Ajax had average costs per unit of 10 when sales equaled
: Ajax had average costs per unit of $10 when sales equaled 10,000 units and average costs per unit of $6.50 when sales equaled 24,000 units. Ajax had total costs of $50,000 when 5,000 units were sold. When sales equaled 12,000 units, total costs were ..
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