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On January 1, Staff Corporation had 80,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following transactions occurred. Apr. 1 Issued 12,000 additional shares of common stock for $18 per share. June 15 declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 paid the $1 cash dividend. Dec. 1 Purchased 7,000 additional shares of common stock for $17 per share. Dec. 15 declared a cash dividend on outstanding shares of $1.20 per share to stockholder of record on December 31. Instructions show computations (a) prepare the entries, if any, on each of the three dividend dates.
question boxer electronics produces flat screen tvs that sell for 1250. through april total operating expenses
its taxable income for determining the accumulated earnings tax is $230,000. What is corporation total tax liability?
1.. when property is contributed to a partnership for a profits and capital interest the holding period of contributing
Compare growth of revenues versus income over time and between the two companies - how can you explain the difference in profitability between the two companies?
At year-end, your company has cash of $11,600, receivables of $48,900, inventory of $37,900, and prepaid expenses totaling $5,100. Liabilities of $55,900 must be paid next year. What is your acid-test ratio?
After Ed's death, his former employer paid Ed's widow $12,000 in "her time of need." Ed's widow also collect $25,000 on a group term insurance policy paid for by Ed's employer. Illustrate what are Ed's and his widow's gross income?
Explain tests that you would perform to test the correctness of pricing of raw materials, work in progress, and finished goods. Determine the amount of projected population misstatement based on your sample.
part a. you have to analyse grand plomp ltd a maker of rocket widgets used by nasa.the owners are wondering whether the
what are costcos various sources of revenue?does costco sell only a certain type of product or do they sell many
Fill in the data in the above chart to find out how much additional profit could the company have generated in 2010 if it had made optimal decisions at split-off?
The bonds mature in ten years. At the time of issuance, the market interest rate for similar types of bonds was 8%. What is the expected selling price of the bonds?
Preparation of a set of 2014 financial statements for Kurgg Technology Corp, a company that purchases merchandise inventory for resale.
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