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Problem 1: Weaver Corporation was organized on January 1, 2013, at which date it issued 100,000 shares of P10 par common stock at P15 per share. During the period January 1, 2013, through December 31, 2015, Weaver reported net income of P450,000 and paid cash dividends of P230,000. On January 10, 2015, Weaver purchased 6,000 shares of its common stock at P12 per share. On December 31, 2015, Weaver sold 4,000 treasury shares at P8 per share. Weaver uses the cost method of accounting for treasury shares. What is Weaver's total stockholders' equity on December 31, 2015?
Revenue on the income statement was $120,330. Accounts receivable were $3,680 on January 1 and $3,400. Calculate the revenue for the year on a cash basis.
If credit sales for January and February are $100,000 and $200,000, respectively, compute the cash collections for February
the hillside inn is a restaurant in flagstaff arizona. it specializes in southwestern style meals in a moderate price
Describe the product strategy. Describe the price strategy. Describe the promotion strategy. Describe the place (distribution) strategy
Prepare an incremental analysis for the sell-or-process-further decision. Should Loh Gear sell or process further? Why or why not?
In the first month of liquidation, certain assets were sold for P192,000. How much cash did the partners set aside for future liquidation expenses
Preferred dividends have been paid every year except for the preceding two years and the current year. If $145,000 is to be distributed as a dividend for the current year, what total amount will be distributed to the preferred stockholders?
Lease search online business press and find a recent article related to "Accrual versus Cash Accounting," "Revenue Recognition," or "Accounting Fraud."
a firm has 15000 in net income and the value of the firm is 100000.what is the firms roe if it the firm is just
Annual fixed costs are £787,500 and the variable costs of selling per unit is £0.75. Calculate the break-even point in units and pounds-sterling
Describe the act of posting a transaction from the general journal to the ledger. What difficulties could arise if no cross-indexing existed between the general journal and the ledger accounts?
On 1 July 2007 Michael Ltd issued $1 million in five-year debentures that pay interest every six months at coupon rate of 10 percent. Determine the issue price
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