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On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 100 million, $5 par, common shares, to be distributed on July 1. Themarketprice of Siewert common stock was $31 on June 13.
1. Prepare the journal entry to record the stock split if it is not to be effected in theformof a stock dividend.
Explain in your own words why separation of duties is often described as the cornerstone of internal control for safeguarding assets. Describe what can happen if the same person has custody of an asset and also accounts for the asset.
On the third day in your role as accountant the general manager has asked you to review the results of 2012 and 2013 to try and determine if there is a relationship between the number of meals prepared per month and the administration costs whi..
Draw a scatter diagram of Boutique Catering's Number of meals prepared and administrative costs for the year.
Pick a product you are familiar with or interested in. What product liability issues arise for that product? What measures can management take to prevent these product liability problems from arising? How can they minimize legal risk involving the..
using the library and other course resources find a manufacturing companys annual report.calculate the following ratios
According to Martin and Steele (2010, p.13), "The two principal professional associations in Australia - CPA Australia (the CPA) and the Institute of Chartered Accountants in Australia (the Institute) have indicated their awareness of the significanc..
Jane Construction Company is building an office building for speculative purposes. That is, the Company has not yet found a buyer for the building, but expects to do so within a few months. Jane, who expects to spend about another two years to com..
Analyze whether to invest in purchase of the supercomputer, the software development manager had considered the currently, the company is paying an average of $40,000 per year to temporary workers to develop the software.
Within this year your property taxes on your commercial building are not likely to change, and as such they are considered fixed; yet with a simple change in operating periods - to include up to a few years, these are more than likely to flux.
Which program outcome do you think might add the most value for you? Which managerial competencies reflect current strengths for you?
Explain the role of accountants and accounting practices in managing contemporary organisations. Propose a theoretical framework that could be used to support your argument / perspective.
uppose the company decides that only 1,400 units can be sold at a price of $5,000 and, therefore, the target cost cannot be reached. The company is considering. dropping the steam feature, which adds $600 of variable cost per unit. With this featu..
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