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Olympic corporation completed the following transactions in 2009, Prepare journal entries for each transaction.jan 10 sold 6,000 shares of 9% noncumulative $50 preferred stock for $85 per shareFeb 19 sold 3,000 shares of $10 par common stock for $15 per shareoct 12 Board of directors declare a 15% stock dividend on the common stock when the market value of the stock is $22 per share. the corporation has 120,000 shares of common stock outstandin
r. b. patrick company manufactures a high-tech component that passes through two production processing departments
Identify whether each of the following would be reported as an operating, investing or financing activity in the statement of cash flows.
not-for-profit hospital financial statement analysis.examine the financial statements for oak valley hospital for the
Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. (Input all amounts as positive values.)
Amdahl Corporation manufactures large-scale, high performance computer systems. In a recent annual report, the balance sheet
you are required to write a report.you work for an accounting firm. your supervisor asks you to write a report on a new
Determine participation in the years net income of $420,000 under each of the following independent assumptions:
Was the CPA correct in suggesting that the company really earned a "profit" for the month?
1. explain the term product costing?2. give a brief overview of the subsequent funding modelsa.cost based
Assume Davis Consulting began January with $29,000 cash. Management forecasts that cash receipts from credit customers will be $49,000 in January and $51,500 in February. Projected cash payments include equipment purchases.
Prepare a common size balance sheet and calculate the increase or decrease in dollars - calculate the ratios and amounts using two years prior as the base year using the format.
The company expects to start the first quarter with 1,800 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 10% of the next quarters budgeted sales.
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