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Question - Self- Defense Schools, Inc. is authorized to issue 200,000 shares of $5 par common stock. The company issued 80,000 shares at $6 per share. When the market price of common stock was $8 per share, Self- Defense declared and distributed a 15% stock dividend. Later, Self-Defense declared and paid a $0.20 per share cash dividend.
1) Journalize the declaration and distribution of the stock dividend.
2) Journalize the declaration and payment of the cash dividend.
Identify the accounting principle(s) applicable to each of the following situations:
Collected property taxes in the amount of $ 840,000 and licenses and fees of $ 70,000 Invested $ 50,000 of available cash in a CD. Later in the year, redeemed the CD in full with interest of $ 2,000 Ordered police sedans for $ 80,000.
Identify situations that might lead to unethical practices and behavior in accounting. Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior of companies regarding their financial accounting? Why or why not?
Is negative cash from operating activities a negative indicator for a company? Why or why not? What about negative cash from investing activities
clemente inc. incurs the following costs to produce 10000 units of a subcomponent direct materials 14000 direct labor
Explain how you may use them in your present or future accounting position. Make sure you provide details to include how each concept will help you support.
these financial statement items are for barone corporation at year-end july 31 2010. salaries payable 2080 salaries
During June, 48,000 units were transferred into production from another department. How many units were transferred out of the process in June
the company is not able to see an alternative use for the space which would be released
How are the analytical procedures used in an audit engagement? What premise underlies the use of analytical procedures in auditing? What sources of information can an auditor use to develop expectations? Please provide examples.
arnies landscaping company is preparing its budget for the first quarter of 2012. the next step in the budgeting
Explain the term cost of sales is it likely that the balance sheet of this company includes inventory? Explain operating expenses? What does the term mean
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