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A corporation has 25,000 shares of $100 par value stock outstanding. If the corporation issues a 2-for-1 split or a 100% stock dividend, the number of shares outstanding after the split or dividend will be:
a. 25,000 shares
b. 50,000 shares
c. 75,000 shares
d. 100,000 shares
The overhead cost per unit of Product B under the traditional costing system is closest to:
Prepare the necessary journal entry to close the overhead account of the balance is considered immaterial.
summarize the events of a recent accounting scandal. identify how the illegalunethical act was detected and the
Richman Company for $30,000,000. The following details pertain to the contract: Percentage of completion Estimated total cost of contract Gross profit recognized to date At December 31, 2007 25% $22,500,000 1,875,000 At December 31, 2008 60% $25,0..
A machine which cost $300,000 is acquired on October 1, 2012. Its estimated salvage value is $30,000, and its expected life is eight years.
write down a 700- to 1050-word summary of teams discussion about ifrs v. gaap based on your team collaborative
emily company has sales on account and sales for cash. specifically 60 of its sales are on account and 40 are for cash.
Ohio Corp. reported a deferred tax liability of $6,000,000 for the year ended December 31, 2012, when the tax rate was 40%. Income tax expense reported by Ohio on its year end December 31, 2013 income statement is:
A shareholder purchases 30 percent of the stock of an S corporation two-thirds of the way through the year for $20,000. The S corporation incurs an operating loss of $300,000 for the year. What is the amount that the shareholder may deduct on his ..
Contribution margin to sales ratio is 84% for the ABC Co. and the breakeven point in sales is Rs. 150,000. The company desires a target net income of Rs. 42,000.
Overhead applied to Mini A using activity-based costing is? Overhead applied to Mini A using traditional costing using direct labor hours is? Overhead applied to Maxi B using traditional costing using direct labor hours is?
Cactus does not make any distributions during 2008, but had $200,000 of ordinary income. In 2009, ordinary income was $100,000 and distributions were $100,000. What is Tex's ordinary income for 2009?
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