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Question - The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On June 1, 2017 Alpha issued an additional 3,500 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $10,000 on January 1 and $15,000 on June 2 and net income was $124,700. Use this information to determine for December 31, 2017 the amount of:
a. Total Stockholders Equity
b. Earnings per Share (rounded to the nearest penny)
the balance sheet of hidden valley farms reports total assets of 450000 and 550000 at the beginning and end of the year
Based on the data in Exercise 4-22, prepare the adjusting entries for Homeland Security Services Co.
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your firm has expected earnings before interest and taxes of 1500. your unlevered cost of capital is 14 percent and
If a real estate company fails to accrue commission revenue.(a).liabilities are overstated, and owner's equity is understated.(b). Assets are understated, and net income is understated. (c). Net income is understated, and stockholders' equity ..
On January 1, 2010 (the date of grant), Lutz Corporation issues 2,150 shares of restricted stock to its executives. The fair value of these shares is $89,100, and their par value is $11,880.
Wyoming wire produces 125-gauge barbed wire that is retailed through farm supply companies. What world be the dollar effect on pre tax income
The cost of the equipment is $150,000. Ralph does not elect immediate expensing under § 179, nor does he elect not to have the uniform capitalization rules apply. Compute Ralph's cost recovery deduction for 2015.
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on january 2 todd company acquired 40 of the outstanding stockof mcguire company for 205000. for the year
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