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Long had 100,000 shares of common stock issued and outstanding at January 1, 2013. During 2013, Long took the following actions: March 15 declared a 2 for 1 stock split when the fair value of the stock was $80 per share December declared a $50 per share cash dividend In Long's statement of changes in equity for 2013, what amount should Long report as dividends?
A. $50,000
B. $100,000
C. $850,000
D. $950,000
What amount should be included in the financing section of the 2010 statement of cash flows for dividends paid
Describe the trend in total assets and total liabilities for the years presented and what are the company's three largest assets for the most recent year presented?
In order for a pension plan to qualify for special tax treatment, what requirements must be met? Do you believe that these requirements are necessary? If you could, what changes (if any) would you make to them, and why?
The inventory item class used to add comments to invoices is called the:
Account: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Dollar amount:
Tracy Company owns 4,000 of the 10,000 outstanding shares of Penn Corporation common stock. During 2015, Penn earns $300,000 and pays cash dividends of $100,000. Tracy should report investment revenue for 2015 of
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Would it be acceptable for a company to account for a capital lease as an operating lease to report rent expense rather than a long- term liability?
What are the required journal entries for different types of business combinations through the acquisition of stock or assets?
Engleheart Co. provides the following information about its postretirement benefit plan for the year 2012. Compute postretirement benefit expense for 2012.
Willie Lowman is the internal auditor for Dead Salesman Printing, a book printing company. In the book printing business, a printer is constantly distributing books then taking books back in return. From an accounting perspective, the company is cons..
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