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Two classes of stock authorized: $100 par preferred and $2 par common
how do you record this transaction?
May 18 Issues 30,000 additional shares of $2 common stock for $75 per share.
May 25 Issue 8,000 shares of preferred stock for $125 per share.
July 1 Declare a cash dividend of $1.25 per share on common stock and $3.00 per share on preferred stock to all stockholders ofrecord on July 15.
July 31 Pay the cash dividend declared on July 1.
August 15 Repurchase 9000 shares of treasury stock for $70 per share.
October 1 Reissue 4000 shares of treasury stock purchased on August 15 for $75 per share.
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Students will prepare a Comprehensive Master Budget and Budgeted Financial Statements for Earrings Unlimited for the three-month period ending June 30. This includes: Sales Budg
selection of activity base/level
The value of un-sold stock. The stock is valued at cost or market price either is lower. Usually, the closing stock is not specified in the trial balance but is specified in adjust
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costing for materials and control
Computation of mark up and Target selling price in cost-minus pricin
Suppose the Danny can prepare 50 pizzas or 100 sandwiches in an hour and Steve can produce 15 pizzas or 9 sandwiches. a) Draw each individual's PPF. b) Calculate the oppor
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