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Presented below is information related to Greene Company.
Cost RetailBeginning Inventory $50,000 $70,000Purchases 343,750 535,000Markups 23,750Markup cancellations 3,750Markdowns 8,750Markdown cancellations 1,250Sales 550,000
Instructions
Compute the inventory by the conventional retail inventory method.
Prepare a bond discount amortization schedule which shows the amortization of discount for the first two interest payment dates. (Round to the nearest dollar.)
Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of the third year.
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In order to retain certain key executives, Staley Corporation granted them incentive stock options on December 31, 2012. 30,000 options were granted at an option price of $35 per share. Market prices of the stock were as follows.
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