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Question - The Monroe Corporation has 100,000 common shares issued and outstanding. This stock was issued several years ago at a price above the $10 per share par value. During the current year, the board of directors declared a 30 percent stock dividend so that 30,000 new shares were issued to the stockholders when the price of the stock was $30 per share. As a result of this dividend, what reduction was recorded in the reported amount of retained earnings?
A. zero
B. 300K
C. 600K
D. 900K
which of the following is not an objective of financial reporting described in fasb concepts statement no. 1? to
mcwade company has 36000 shares of common stock outstanding at the beginning of 2014. mcwade issued 4500 additional
Samuels, Inc. reported net income for 2011 is $105,000. During 2011 the company had 5,000 shares of $100 par, 5% preferred stock and 20,000 of $5 par common stock outstanding.
a. Name the titles of the financial reports in the Intel Corp. annual report that provide specific information about economic resources, claims to resources, and changes in resources and claims.
Company A makes and sells laser printer accessories. Compute A company's monthly break-even point in number of cartridge
You are managing a systems development team for a company you are familiar with. The company wants to implement a new accounting information system. Your team has been asked to review the process prior to implementation.
1. which of the following is not a corporate organizational expenditure that may be amortized?a. the cost of
1. Compute conversion costs given the following data: Direct Materials, $347,500; Direct Labor, $196,300; Factory Overhead, $187,900; and Selling Expenses, $45,290
on november 1 year 1 noble co borrowed 80000 from south bank and signed a 12 six month note payable all due at
How many times does the committee meet on an annual basis? What authority does the committee have in carrying out its responsibilities
What is the purpose of calculating the current ratio and the quick ratio?
budgeted overhead for haft inc. at normal capacity of 60000 direct labor hours is 3 per hour variable and 2 per hour
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