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Problem 1: The Digital Systems Company was organized two years ago to take advantage of an Internet opportunity. Investors paid $12 a share for 2 million shares with a $4 par value. In the next two years, the company had earnings of $2 million and $3 million, respectively. It paid dividends of $1.2 million and $1.3 million, respectively, in those years. At the end of the first year, Digital sold another 500,000 shares of stock at $15.5 per share. Construct the equity section of Digital's balance sheet initially and at the end of its first and second years in business.
What does an increase in inventory imply? How would this increase in inventory be reported under the indirect method? What does an increase in accounts payable imply?
$2,000 at the end of each year for the next 20 years. If Bill earns 12% on his contributions, how much will he have at the end of the 20th year?
Alden Company has decided to use a contribution format income statement for internal planning purposes. The company has analyzed its expenses and has developed the following cost formulas: Cost Cost Formula Cost of goods sold $32 per unit sold Advert..
Determine the total variance between the planned and actual budgets for Surgical Volume. Is the variance favorable or unfavorable?
During the 2011 holiday season, Bob, a barber, gave business gifts to 34 customers. The values of the gifts, which were not of a promotional nature, were as follows: For 2011, illustrate what is the amount of Bob's business gift deduction?
How should declared but unpaid dividends be recorded? The problem states that the company has a yearend date of Dec 31st. and that there are 15000 of declared dividends. Should this affect my common stock or retained earnings?
Calculation of free cash flow for Cade. and How much cash did Cade pay to vendors for inventory during the period and How much cash did Cade pay in income taxes?
Lara's employer has a 40 percent marginal tax rate. Ignoring payroll taxes, illustrate what is the maximum amount of before-tax salary Lara would give up to receive health insurance?
Which of the following is part of a perform balance sheet. (a) Current asset (b) Gross profit (c) Cost of goods sold (d) Cash flow from investing activities
Net income for the year ended December 31, year 2, was $60,000. At December 31, year 2, what amount should Cyan report as retained earnings?
calculate yancy's realized and recognized gain or loss and if the condemnation proceeds are $505,000, what are yancy's realized and recognized gain or loss?
The 2012 annual report of Cisco Systems discloses that the company expenses all advertising and research and development costs, while capitalizing all software development cost. Describe the effect of these two accounting treatments on the financial ..
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