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On July 1, Black Corporation had 200,000 shares of $10 par common stock outstanding. The market price of the stock was $12 per share. On the same date, Black declared a 1-for-2 reverse stock split. The par value of the stock was increased from $10 to $20, and one new $20 par share was issued for each two $10 par shares outstanding. Immediately before the 1-for-2 reverse stock split, Black's additional paid-in capital was $650,000. What should be the balance in Black's additional paid-in capital account immediately after the reverse stock split?
Illustrate at what amount the land should be recorded at January 1, 2013, and the interest expense to be reported in 2013 related to this transaction.
Contribution Income Statement up to operating income - Straightforward Contribution Income Statement
Operating data for Gallup Corporation are presented - Purpose a schedule showing a vertical analysis for 2009 and 2008.
The corporation has $6,000 in current earnings and profits for the year and $8,000 in accumulated earnings and profits. How will the corporation identify the distributions to John and Bill?
Prepare each of journal entries listed below related to Top's investment in Bottom top's amortization of excess acquisition price and Top's share of Bottom's 2006 income.
evaluated that the total estimated life should be 10 years with a salvage value of $5,490 at end of that time. Consider straight-line depreciation.
Purpose Direct materials Price Variance Efficiency variance and Labor rate variance Labor Efficiency Variance and pass necessary comments.
The actual activity level was 110000 direct labor hours so Caldwell prepared a flexible budget at 110,000 labor hours. How much are total overhead costs at this flexible budget level of activity?
Illustrate what kinds of checks and balances could you put into place to insure ethical behavior and accountability for both yourself and your employees?
Evaluate sales price per dozen pretzels using 120% markup on variable cost and evaluate contribution margin per dozen pretzels and the breakeven point for the quarter (three months) in dollars and units
Prepare bank reconciliation for Donovan Company for September which reconciles the balance per books and the balance per bank to their adjusted accurate balances.
Calculate the balance in retained earnings at the time of the change (beginning of 2011) as it would have been reported if FIFO had been used in prior years.
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