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Question - Rust Pipe Co. was established in 1994. Four years later the company went public. At that time, Robert Rust, the original owner, decided to establish two classes of stock. The first represents Class A founders' stock and is entitled to twelve votes per share. The normally traded common stock, designated as Class B, is entitled to one vote per share. In late 2010, Mr. Stone, an investor, was considering purchasing shares in Rust Pipe Co. While he knew the existence of founders' shares were not often present in other companies, he decided to buy the shares anyway because of a new technology Rust Pipe had developed to improve the flow of liquids through pipes.
Of the 1,600,000 total shares currently outstanding, the original founder's family owns 52,125 shares.
Required - What is the percentage of the founder's family votes to Class B votes?
If total assets decreased $80,000 and stockholders' equity increased $110,000 during the year, what is the amount of total liabilities at the end of the year
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She located a home and moved into it in April. Margaret's employer reimbursed her for all direct costs of moving to Atlanta in addition to the cost of the house-hunting trip.
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Anne sold her home for 290,000 in 2010. Selling expenses were $17,400. She had purchased it in 2003 for $290,000. During the period of ownership. Anne had done the following:
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Patnode's 2005 statement of cash flows contains four items in the financing section. Three of them are: Short-term debt issued, $15,000; Short-term debt paid, ($10,000) and Dividends paid, ($1,000). What is the fourth item in the financing section..
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