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On March 2, 2010, the Dawson Corporation acquired 5,000 common shares, representing a 1% interest in the Foreman Corporation, for $60,000. On May 1, 2010, Foreman issued a 20% stock dividend, and on December 31, 2010, the market value was $10 per share. On February 1, 2011, Dawson sold 1,500 shares for $12 per share.Required:Prepare journal entries for Dawson to record the acquisition, stock dividend, and sale of the shares.
What is the unit cost of a cup of lemonade if he anticipates selling 5000 cups during the courses the summer?
Merchandise subject to terms 1/10, n/30, FOB shipping point,is sold on account to a customer for $18,000. The seller issued acredit memorandum for $4,000 prior to payment. What is the amount of the cash discount allowable?
The Isberg Company just paid a dividend of $0.80 per share, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 1.25, the market risk premium is 5.00%, and the risk-free rate is 4.00%. Wh..
During the year, Katie received the following: What amount must Cathy include in gross income?
the current sections of leach inc.s balance sheets at dec 31 2010 and 2011 are presented here. leachs net income for
verhague corporations net cash provided by operating activities was 96600 its net income was 64600 its capital
At what level of sales (in units) for the two-month period should Birch Company be indifferent between closing the plant or keeping it open? Show computations.
caculate the book value of a three-year old machine that cost 400000 has an estimated residual value of 40000 and has
tonga toys manufactures and distributes a number of products to retailers. one of these products playclay requires
corp x has a single facility that it uses for manufacturing sales and administrative activities. should the companys
XYZ Company's sales are $750,000 with operating profits of $130,000. If the contribution margin ratio is 40%, what did the fixed costs amount to?
outdoor outfitters has created a flexible budget for the 70000-unit and the 80000-unit levels of activity as shown
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