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On December 31, 2008, Albacore Company had 300,000 sahres of common stock issued and outstanding. Albacore issued a 10% stock dividend on June 30, 2009. On September 30, 2009, 12,000 shares of common stock were reacqured as treasure stock. What is the appropriate number of shares to be used in the basic earning per share computation for 2009?
On June 1 capian company borrows $90,000 from first bank on a 6 month $90,000, 12% note. Prepare the entry for june 1; prepare the adjusting entry for june 30; prepare the entry at maturity (december1), assuming monthly adjustment entries have bee..
The following payoff table shows the profit for a decision problem with three states of nature and two Decision Alternatives (DA):
Laurie has a brokerage account at Dean Schwab, Inc. She makes investments on margin through this account. During the current year, she incurs $10,000 in margin interest in the account. Income generated through the brokerage account was.
No investment income was included within either of these income totals. How would the 10% investment in Prescott owned by Bell be presented in the consolidated balance sheet?
In government wide financial statements information about fiduciary funds should be presented in a discrete column to the right of the business type activities
The net periodic pension cost reported in the income statement for 2011 would be
Gomez Service Company paid their first installment on their Notes Payable in the amount of $2,000. How will this transaction affect the accounting equation?)
Which of the following statements concerning consolidated financial statements is true?
During the accounting period, Springfield recorded $32,000 of service revenue on account. The company also wrote off a $300 account receivable.
Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,200 of this balance is direct materials cost, how much of it is direct labor cost? Manufacturi..
On April 18, 2010, Jane Junipner purchased 30 shares of Bryan Corp. stock for $210, and on September 29, 2010 she purchased an additional 90 shares for $900. On November 28, 2010, she sold 48 shares which could not be specifically identified, for ..
During the last month of 2011, the first month of the offer, Funzy sold 12 million boxes of wheatos and 2.4 million of the coupons were redeemed. What amount should Funzy report as a promotional expense for coupons on its December 31, 2011, income..
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