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A company's retained earnings on December 31, 2011 was $2,190,000 and its shareholders equity was $8,760,000. During 2012 the company reported the following: net income of $225,000; a sale of treasury stock costing $75,000 for $79,750; a treasury stock purchase costing $125,700; a cash dividend declaration of $73,200; a 10,000 share "small" common stock ($10 par value) dividend was declared and distributed when the market value was $12.75 per share. What is the owner's equity balance on December 31, 2012?
on january 1 2009 carlin corporation issued 2400000 of 5-year 8 bonds at 95 the bonds pay interest semiannually on july
federal delivery service began a defined-benefit pension plan for its employees on january 1 2013. pertinent data
a 320000 bond was redeemed at 103 when the carrying value of the bond was 332480. what amount of gain or loss would be
a) Journalize the transaction, events, and closing entries b) Enter the beginning balances in the accounts, and post to the stockholders' equity accounts c) Prepare a retained earnings statement for the year d) Prepare a stockholders' equity section ..
the chief cost accountant for sassy beverage co. estimated that total factory overhead cost for the blending department
Astro Company is a manufacturer and Luyten Company is a merchandiser. What is the difference in the budgets the two entities will prepare?
They had a 5% stated rate of interest that was payable in cash on January 1 of each year beginning January 1, 2010. Based on this information alone, the amount of total liabilities appearing on the December 31, 2009 balance sheet would be:
a company is considering the following alternatives alternative 1 alternative 2 revenues 240000 240000 variable costs
trigen corp. management will invest cash flows of 528382 286398 295100 818400 1239644 and 1617848 in research and
beaker inc. currently reports a profit of 3.6 million. divisional invested capital totals 9.5 million the imputed
glaus leasing company agrees to lease machinery to jensen corporation on january 1 2014. the following information
taggart inc.s stock has a 50 chance of producing a 25 return a 30 chance of producing a 10 return and a 20 chance of
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