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issued for $103 per share, 60,000 shares of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Eklund's $25 par value common stock at the option of the preferred stockholder. In August 2011, all of the preferred stock was converted into common stock. The market value of the common stock at the date of the conversion was $30 per share. What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?
Hendrickson Corporation reported net income of $54,590 in 2010. Depreciation expense was $15,590. The following working capital accounts changed. Compute net cash provided by operating activities.
Prepare journal entries in the General Fund of the Brownville School District.
Explain the difference between the direct write-off and percentage of receivables methods. Based on Art World’s disclosure above, what important factor would you have to consider in arriving at appropriate percentages to apply for the percentage o..
Explain how can the concept of batch-level activities be applied to an airline? What are two examples of batch-level activities for JetBlue? What steps has JetBlue taken to manage these batch-level activities more efficiently?
illustrate what you've learned about accounting practices and policies, how can you incorporate this type of analysis and awareness into your professional work in a way that enhances
Compute the average cost per serving at each of the following monthly volumes: 1,500; 2,000; 3,000; and 5,000, and determine the monthly volume at which the average cost per serving is $1.00.
The average remaining service period for the employees expected to receive benefits is 10 years. What is amount of amortization to pension expense for the year?
An IRS agent thinks that Color, as an accrual basis taxpayer, should report $1,000 of income in 2011, when the work was done, and then deduct a $200 loss in 2012. Give a memo to Susan Apple, a tax partner for whom you are working, with the recomme..
Purpose inventory return portion of the entry for this sales return on Randy's books and Record this return of purchases on Janet's books.
Determine the NPV of given investment
There was no starting inventory. If the company uses the FIFO periodic inventory method, what would be the cost of the ending inventory?
Do the same computation as in a assuming net income for the year is only $3 million, the average market value per common share is $18, and year end price $20 per share.
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