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Question 1: Royal company has 10,000 shares of ordinary shares outstanding with a par value ETB 1,00 per share. the market value is ETB 8,00 per share. the statement of financial position shows ETB 10,000 in the share capital--ordinary shares account ,ETB 32,500 in additional paid -in-capital-ordinary shares account and ETB 42,700 in the retained earnings account . the firm just declared a 10% stock dividend . what will the balance in the share capital -- ordinary shares account be after the 10% stock dividend ?
A, ETB 10,00
B, ETB 11,000
C, ETB 18,000
D, ETB 17,000
Omicron Co.’s headquarters are located on a floodplain and the company sustained significant losses as a result of a February 20X4 flood, the first such flood in 100 years. The flood occurred prior to the issuance of Omicron’s year-end 20X3 financial..
Create the journal entries to record a cash sale of a sweater for $22.00 where the cost of the sweater to Target was $15.00. Include explanations.
Average Product APL 1 2 3 4 5 6 7 8 9 10 ` B. Plot the (i) total product, (ii) marginal product, (iii) average product functions. C. Determine the boundaries of these three stages of production
Horse Corporation acquires all of Pony, Inc. for $300,000 cash. On that date, Pony has net assets with fair value of $250,000 but a book value and tax basis of $200,000. The tax rate is 40 percent. Prior to this date, neither Horse nor Pony has repor..
Determine the total bond interest expense to be recognized over the bonds’ life. Prepare the first two years of an amortization table using the straight-line method.
Services for the initial fee will be performed in 2011. What amount of net unearned franchise fees would Potter report at December 31, 2010?
Below is the activity in Salem Inc's Work In Process and Finished Goods accounts (could be incomplete) for the month of January: What is the cost of goods sold for Salem for January?
A corporation has 46,555 shares of $22 par value stock outstanding that has a current market value of $242 per share. If the corporation issues a 5-for-1 stock split, determine the number of shares outstanding.
ACC701 Accounting Financial Assignment - Visit the ASX website and discuss the Listing Rules ( 8 principles) governing listed companies
On January 1,2008 Halston Enterprises issued 8%, 20-year bonds with a face amount of $3,000,000 at ? Interest is payable semiannually on June 30th and December 31st. Effective rate is 12% Prepare the entries to record the issuance of bonds and the fi..
Risk Management Assessment-What Lines of Credit would you assign?
Determine net operating income after tax (NOPAT) and net income for each alternative and compute return on common shareholders" equity for each alternative (use ending equity).
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