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Carlyon Company listed the following equity items on December 31, 2012:During 2013, the following transactions occurred
How would the Oct 15, Dec 3, Dec 28th journal entries be entered in as and to what amounts?
I believe Oct 15 would be a debit to retained earnings and a credit to Common stock to be distributed and also additional paid in capital from stock dividend but do not know how to calculate the amounts that should be entered.
Dec 3 I believe should be Common Stock to be distributed (debit) and common stock ($10 Par) but again what amounts
Dec 28 retained earnings (debit), dividends payable;preferred and dividends payable;common as a credit, but am having trouble with the amounts.
Please help with the amounts that should be entered for these three dates.
In its most recent financial statements, Newhouse Inc. reported $50 million of net income and $810 million of retained earnings. The previous year, its balance sheet showed $780 million of retained earnings. What were the total dividends paid to s..
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Based on 2008 tax laws, if Salem's taxable income before charitable contributions is $11,500,000 in 2009, calculate the charitable contribution allowance for 2009. Provide a recommendation to Salem management regarding tax implications of this con..
pacific products inc. completed and transferred 55000 particle board units of production from the pressing department.
The ending balance of Accounts Receivable was $2,400. During the period, Panoramic recognized $40,000 of revenue on account.
The company currently owns some unused equipment valued at $60,000. This equipment could be used for producing awnings if $5,000 is spent for equipment modifications. Other equipment costing $780,000 will also be required. What is the amount of th..
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Describe the characteristics of products which would suggest it would be better to use ABC as an indirect cost allocation method over a traditional method such as direct labor hours.
Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO
you have just won the lottery and will receive 650000 in one year. you will receive payments for 30 years which will
rose wilson is entering her senior year as an accounting major and has a number of options for her summer break. her
How should the deferred tax amounts be classified in a classified balance sheet?
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