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Knudsen Corporation was organized on January 1, 2013. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2013, $5,000; 2014, $12,000; and 2015, $28,000. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and non cumulative. 2013 2014 2015Allocation to preferred stock $ $ $Allocation to common stock $ $ $SHOW LIST OF ACCOUNTSLINK TO TEXT Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative. 2013 2014 2015Allocation to preferred stock $ $ $Allocation to common stock $ $ $SHOW LIST OF ACCOUNTSLINK TO TEXT Journalize the declaration of the cash dividend at December 31, 2015, under part (b). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)DateAccount Titles and Explanation DebitCreditDec. 31
as a quality analyst you are also responsible for controlling the weight of a box of cereal. the operations manager
The president believes that a $7,700 increase in the monthly advertising budget, combined witha n intensified effort by the sales staff, will result in an $69,000 increase in monthly sales. If the president is right, by how much will the company's..
When a fire truck purchased from General Fund revenues was received, the appropriate journal entry was made in the governmental activities general journal. What account, if any, should have been debited in the General Fund?
Carlos owes Gord Motors 20k and in default. Rick pays Gord Motors the entire amount. In the absence of an agreement to the contrary, Rick can recover from peter.
In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $35,000. The machine will have a 12-year useful life and no salvage value.
Comment on the appropriateness of this viewpoint. Prepare a report outlining the need for regulation in accounting and why a free market for accounting information is not ideal.
Review the educational and experience requirements to sit for the Uniform CPA Examination published by the Board of Accountancy for the State in which you intent to pursue licensure, in addition to licensure and continuing professional education r..
Prepare schedules of accounts receivable, accounts payable, and inventory as at 30 April 2012, and reconcile these with the control accounts in the general ledger.
a firm has the capacity to produce 1000000 units of a product each year. at present it is operating at 70 percent of
No further collections could be made on an account with a balance of $18,000. It was estimated that the repossessed furniture could be sold as is for $5,400, or for $6,300 if $300 were spent reconditioning it. The gross profit rate on the original..
When computing the weighted-average number of shares outstanding during the year for the purpose of calculating diluted EPS, what is the proper treatment of a midyear issuance of securities convertible to common stock?
Compute the acquisition cost of the equipment and prepare the journal entry to record the purchase.
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