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On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2014 and 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to:
1. Preferred Stock
2. Common Stock
With regard to the bond interest payment on March 31, 2015: How much cash is paid in interest? How much is the amortization? How much is interest expense?
As the consultant, create an argument that you will present to the CEO that suggests accounting and financial management knowledge and skills will be essential to the company's success and stability over the next five years.
Elizabeth transferred a building (adjusted basis of $200,000 and fair market value of $310,000) to Pear Corporation. In return, Elizabeth received 80% of Pear Corporation's stock (worth $180,000) and an automobile (fair market value of $50,000).
Create two journal entries for the actual costs incurred - one for variable overhead and one for fixed overhead and create two journal entries to record the variances for August - one for variable overhead and one for fixed overhead.
Jane, Castle, and Sean are dissolving their partnership. Their partnership agreement allocates each partner an equal share of all income and losses. The current period's ending capital account balances are Jane, $114,000; Castle, $102,000; and Sean, ..
What is the equation for the market demand curve in slope-intercept form? Show how you found your answer. Use Q as the market quantity and P as the price per
effective annual interest rate and monthly investment.one of the largest automobile dealers in the city advertises a
Takoma Enterprises produces replacement knobs. Each knob consists of $1.20 of variable costs and $.90 of fixed costs and sells for $4.50. A Swiss wholesaler offers to buy 8,000 units at $1.40 each, of which Takoma has the capacity to produce. Takoma ..
Make a Flexible Budgeted Income Statement using Variable costing and Budgeted Income Statement and Flexible Budgeted Income Statement Variable Costing , Variance Analysis
As the senior accountant at JB Hi-Fi the management has requested you to depreciate the system over 10 years with a $4 million residual value using the straight line method.
A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The balance in its Common Stock account is $200,000. The company does a 2-for-1 stock split. What is the par value of its stock after the split?
During the current year, Mary paid the following expenses: Prescription drugs $490 Aspirin and over the counter cold capsules $130 Hospital and doctors $700 Life insurance $260 What is the total amount of medical expenses (before considering the limi..
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