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Question - On June 30, 2021, Bogart Corporation declared a 10% bonus issue on its 300,000, 10 par ordinary share capital outstanding. The shares are distributable on August 15, 2021 to shareholders of record as of the close of business on July 15, 2021.
The shares were selling at 18 per share on June 30, 2021 at 19 per share on July 15, 2021, and at 22 per share on August 15, 2021.
What amount should be charged to retained earnings as a result of the above dividends?
What would be the balance of the Ordinary Share Capital immediately after the distribution of the bonus issue on August 15, 2021?
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An increase in investments in long-term securities will
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Question - What is an account receivable? What other names does this asset go by? How do accounts receivable differ from notes receivable
Devon Harris Company sells 9% bonds having a maturity value of $2,719,000 for $2,424,968. The bonds are dated January 1, 2014, and mature January 1, 2019. Interest is payable annually on January 1. Set up a schedule of interest expense and discount a..
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