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Airborne Manufacturing, co completed the following transactions during 2009 Jan 16 declared a cash dividend on the 4%, $102 par preferred stock Declared a $0.55 per share dividend on the 95,000 shares of common stock outstanding. The date of record is Jan 31 and the payment due date is Feb 15
Feb 15 Paid the cash dividends.Jun 10 Split common stock 2 for 1. Before the split Airborne had 95,000 shares of $10 par common stock outstanding.
kim johnson purchased an asset for 75500. annual operating cash inflows are expected to be 30000 each year for four
cardinal paz corp. carries an account in its general ledger called investments which contained debits for investment
your cfo in her initial work needs to decide whether to set up a job order costing system or a process type costing
1.as part of the initial investment a partner contributes equipment that had a cost of 50000 and accumulated
fifo weighted-average and lifo methods are often used instead of specific identification for inventory valuation
Prepare journal entries for the following transactions - Sold all inventory for $56,000 cash.
The risk-free rate and the firm's beta remain unchanged. What is the company's new required rate of return? (Hint: First calculate the beta, then find the required return.)
selected account balances from the adjusted trial balance for olinda corporation as of its calendar year end december
midland chemical co is negotiating a loan from manhattan bank and trust. the small chemical company needs to borrow
these last two questions are giving me trouble. if anyone has any help to give me i would truly appreciate it.exercise
brock company produces and sells an industrial product. the company has just opened a new plant to manufacture the
Fred Farmer and his two sons owned 100 percent of Fruits and Nuts, Inc. Fred owned 50 percent of the stock, but he had 25 percent redeemed by the corporation for a building with a basis of $10,000 and a value of $50,000. If E&P is $200,000 and Fre..
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