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1. VB Corporation has the following accounts at December 31, 2014: Common Stock, $10 par; 5,000 shares issued, $50,000; Paid-In Capital in Excess of Par -- Common Stock $30,000; Retained Earnings $45,000; and Treasury Stock, 500 shares, $11,000. Prepare the stockholders' equity section of the balance sheet.
2. R&T Corporation has 80,000 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.
3. Beasly Corporation has 50,000 of $10 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the stock dividend.
Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. Round your answer to the nearest cent.
the internet is a good place to get information that is useful to you in your study of accounting. for example you can
Provide recommendations for future business activity based upon your assessment. Cite references from your library research to support your conclusions of the company's performance based upon your analysis and financial ratio evaluations.
Construct Brandywine 2007 income statement and what were brandywire net income, total profit margin,and cash flow?
he paid the balance by a loan from his hometown bank. The loan is to be paid on a monthly basis for 2 years charging 12 % interest. Find how much are the monthly payments?
question columbia bank and trust is considering providing gallup company a loan. before doing so it decided that
Determine the effective annual interest rate on this loan, and determine the nominal annual rate assuming semiannual compounding. You may find the following form helpful.
Compute book value net worth per share - What is the ratio of market value per share to book value per share?
Calcutron Company is contemplating introducing a new type of calculator to complement its existing line of scientific calculators.
It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $12,000 cash cushion. Prepare a cash budget.
Assume that a company has a profit margin of 6.0 percent, a debt ratio of 3.2 times, and a debt ratio of 50 percent, what is the return on assets and return on equity?
The comparative statements of Osborne Company are presented here.
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