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Enter the following column headings across the top of a sheet of paper:Transaction, Cash, Other Assets, Liabilities, Paid-In Capital, REtained Earnings, Treasury Stock, Net Income
Enter the transaction letter in the first clumn and show the effect if any of each of the following transactions on each financial statement category by entering a plus (+) or minus (-) sign and the amount in the appropriate column. Do not show items that affect net income in the retained earnings column, You may write the entries to record each transaction.
a. sold 5200 shares of $10 par value preferred stock at $12.50 per share.b. Declared the annual cash dividend of $3.20 per share on common stock. There were 18,400 shares of common stock issued and outstanding throughout the year.c. Issued 6,400 shares of $10 par value preferred stock in exchange for building when the Market price of preferred stock was $14 per share.d. Purchased 300 shares of preferred stock for the treasury at a price of $16 per share.e. Sold 140 shares of the preferred stock held in treasury (see D) for $17 per share.f. Declared and issued a 15% stock dividend on the $1 par value common stock when the market price per share was $45.
Vertical analysis for both companies- you may use your calculations from the checkpoint ratio, vertical, and horizontal analysis, providing you show your work. horizontal analysis for both companies you may use your calculations from the checkpoin..
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The owner of a business paid cash from his personal checking account to purchase an automobile for his personal use. This transaction _____________.
During the current year, Top sold merchandise to Bottom for $100,000. The subsidiary still possesses 40 percent of this inventory at the end of the current year. Top had established the transfer price based on its normal markup. What are consolida..
what is the 2011 AMT adjustment requiered as a result of the sale of the assets?
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the common stock of warner inc. is currently selling at 112 per share. the directors wish to reduce the share price and
On October 1, 2009, Donald Anderson exchanged an apartment building, having an adjusted basis of $375,000 and subject to a mortgage of $100,000, for $25,000 cash and another apartment building with a fair market value of $550,000 and subject to a ..
Prepare a differential analysis report, dated April 21 of the current year, on the proposal to sell at the special price.
costello corporation manufactures a single product. the standard cost per unit of product is shown below.direct
Write a 500- to 800-word summary explaining the differences between revenue expenditures and capital expenditures during a useful life and identifying any similari
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