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Toggle's Fishing Fleet had 20,000 shares of 5%, $20 par value preferred stock and 15,000 shares of $25 par value common stock outstanding throughout 2012. These data apply to each of the independent solutions below.
1.) Assuming that total dividends declared in 2012 were $35,000 and that the preferred stock is not cumulative, common stockholders should recieve total 2012 dividends of?
2.) Assuming that the total dividends declared in 2012 were 92,000 and that the preferred stock is cumulative with two years' preferred dividends in arrears on December 31, 2012, the preferred stockholders shoukd recieve 2012 dividends totaling?
warf computers inc. was founded 1 5 years ago by nick warf a computer programmer. the small initial investment to start
Examine the purpose and importance of audit reports. Determine the stakeholders impacted by audit reports. Analyze the impact of audit reports for each category of stakeholders.
savallas company is highly automated and uses computers to control manufacturing operations. the company uses a
budgeted overhead for cinnabar industries at normal capacity of 30000 direct labor hours is 4.50 per hour variable and
What is meant by the net realizable value for accounts receivable? What is aging of accounts receivable, and how is it used to account for uncollectible accounts? How is the accounts receivable turnover computed? What information does this ratio prov..
for each of the above items discuss any additional disclosures in the financial statements and notes that the auditor
During 2010 Silas Inc. had sales revenue $564,000, gross profit $264,000, operating expenses $99,000, cash dividends $45,000, other expenses and losses $30,000. Its corporate tax rate is 30%. What was Silas's income tax expense for the year?
indicate whether each of the following audit procedures is a test of controls a substantive test or a dual purpose
as useful as financial statements are they have their limitations. of course we should be aware of such limitations
Kate Greenway Corporation, having recently issued a $20 million, 15-year bond issue, is committed to make annual sinking fund deposits of $620,000. The deposits are made on the last day of each year and yield a return of 10%. Will the fund at the ..
Journalize the entries to record the purchase (treasury stock is recorded at cost). Journalize the entries to record the sale of the stock.
goshawks co. produces an automotive product and incurs total manufacturing costs of 2600000 in the production of 80000
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