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Match the items below by entering the appropriate code letter A. ControllerB. DeficitC. Payout RatioD. Stock DividendE. Declaration DateF. Preemptive rightG. Par ValueH. Legal CapitalI. Treasury StockJ. Cumulative feature 1. The date the board of directors formally declares a dividend.2. The amount that must be retained in the business for the protection of creditors.3. Preferred stockholders have a right to recieve current and unpaid prior-year dividends before common stockholders receive any dividends.4. The cheif accounting officer.5. Measures the percentage of earnings distributed in the form of dividens to common stockholders.6. The amount assigned to each share of stock in the corporate charter.7. A debit balance in reatined earnings. 8. Enables stockholders to maintain their same percentage ownership when new shares are issued.9. Corporations own stock that has been reacquired by the corporation but not retires.10. A pro rata distribution of the corporations own stock to stockholders.
Material Costs Material refers to each physical input into the production procedure. They involve the giving as: Raw material refers to bought in material that is used
for financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?
question and answer: XYZ trading purchased 6,850 killos of material at a total cost of 21,920.00. The material price variance was 1,370.00 favorable. The standard price per killo w
Period Costs Some terms are difficult to define. In one school of thought, period costs are the any costs that are not product costs. But, such a description is a stretch, beca
Limitations of abc analysis
format of contractee account and an example
William Potter is a plumber currently operating as a Sole Trader in Levin. William has approached you, a tax accountant, for your advice on certain tax matters. William's brothe
The following is a summary of a cash book for the year ended 31 April 2012 Payments $ Receipts
Variance Analysis and Standard Costing Standard costing is defined with CIMA like a technique that uses standards for revenues and costs for the purpose of control via varianc
The Critical Thinking about CVP is described below CVP is more than just a mathematical tool/device to calculate values such as the break-even point. It can be used for the cri
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