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Your corporation has the following stockholders equity. Common Stock at par $750,000 Paid in capital in excess of par 1,250,000, Retained earnings 2,500,000, Total $ 4,500,000 ....
a. What is the maximum amount of dividends the corporation can pay in states where the firm's legal capital is defined as the par value of its common stock?
b. How does your answer change if the firm is in a state where legal capital includes all paid-in capital?
Prepare the entry to record the receipt of the funds from the loan and prepare the entry to accrue the interest on June 30.
looker hats is planning to sell 600 and produce felt hats 700 during june. each hat requires 12 yard of felt and 14
lizzie shoes experience gift cards that have not been redeemed within 12 months are not probable to be redeemed. lizzie
Safety Seats Co. recorded operating data for its shoe division for the year. The company's desired ROI is 5%- Which one of the following is the actual ROI for the year
Compute the cost of ending inventory using FIFO and compute the cost of ending inventory using LIFO.
The board of directors approved a 2- for -1 split. After the stock split, what will the balance sheet show as the par value of common stock?
Find what is the IRR for each project and evaluate what is the NPV for each project?
This $4,800 was recorded as Unearned Service Revenue - The service is provided evenly throughout the year. As of the end of the year, no entry has yet been made to adjust the amount initially recorded.
dwayne saw the subsequent information in an accounting reportmotor vehicle - 40000 less accumulated depreciation motor
What dollar amount will the land be shown in the financial statements and determine the dollar amount that will be reported for land that is shown in the financial statement.
Determine Jamess income or loss from the business. Do not include in this figure items that would not be included on his Schedule C but detail those items separately. Calculate James's self-employment taxes assuming he has no other income subject ..
How much depreciation will be taken each year if the straight-line method of depreciation is used? Show calculations. "
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