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A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The par value of its stock is $1 per share. The company does a 2-for-1 stock split. What is the balance in its Common Stock account after the split?
A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 each from March 1 through December 31. If th
Provide an executive summary which states the problem, how it was investigated, what was found, and what the findings mean. - Discuss the importance & interpretation of the fi
Delivery and commission expenses vary proportionally with budgeted sales in dollars. Advertising and office expenses are fixed. Miscellaneous expenses include $10,000 of fixed
Justin Brimer owns his own taxi, for which he bought a $30,000 permit to operate two years ago. Mr. Brimer earns $38,000 a year operating as an independent but has the opportu
Please record the following transactions in the Capital Projects Fund in the general journal for the following transactions. Bradley County issued $6,300,000, 5% bonds with in
Trio Company sells three products, Do, Ra, and Mi, for prices of $8, $7, and $5, respectively. They also offer combinations of the products for reduced overall prices. If Trio
Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 5% convertible bonds outstanding during 2015. The preferred stoc
Each of the following items is shown in the financial statements of ExxonMobil Corporation. Identify the financial statement (balance sheet or income statement) in which eac
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