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On December 31,2008 the board of directors declared the full annual stated cash dividend on the preferred stock and a cash dividend of $1 a share on the common stock the date of record is January 7, 2009 and the payment date is January 15,2009. The corporation charter has authorized 45,000 shares of common stock at a par value of $6.50 per share. At the same meeting, the board appropriated retained earnings to the extent of the cost of the treasury.
The carrying amount on Blue's books of Red's $1 par common stock was $2 per share. Immediately after the declaration, the market price of Red's stock was $2.50 per share. In its income statement for the year ended June 30, 2009, what amount should..
mc qu. 120 a company has sales of 1500000 sales dis... a company has sales of 1500000 sales discounts of 102000 sales
The journal entry required on the company'sbooks to record the interest paid on December 31, 2009, would include a debit to interest expense of?
a company has two product lines shoes and hats. costand revenue for each line for the current month
eating time is one of those taboo subjects among public accountants. empirical research suggests that auditors
At the end of year three (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $2,000. Compute the revised depreciation.
jakes sound systems has 210000 shares of common stock outstanding at a market price of 36 a share. last month jakes
The incremental borrowing rate for the lessee is 10%; the lessor's implicit rate is 8% and is known by the lease. The present value of an annuity due of 1 for six years at 10% is 4.79079. The present value of an annuity due of 1 for six years at 8..
victory company uses weighted-average process costing to account for its production costs. direct labor is added evenly
questionnbspdescribe what is likely to occur if company personnel erroneously recorded a sales transaction for the
werner chemical inc. leased a protein analyzer on september 30 2013. the five-year lease agreement calls for werner to
in 2012 gurney construction company agreed to construct an apartment building at a price of 1200000. the information
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