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On January 1, Chreesh Corporation had 91,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 28,600 additional shares of common stock for $18 per share. June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30. July 10 Paid the $2 cash dividend. Dec. 1 Issued 2,400 additional shares of common stock for $18 per share. 15 Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31. Prepare the entries, if any, on each of the three dividend dates. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 15 July 10 Dec. 15
On January 1, 2003, Marina Clothing Company had Accounts Receivable of $54,200 and Allowance for Doubtful Accounts of $4,700. Marina Clothing Company prepares financial statements annually. During the year the following selected transactions occur..
lark art company sells unfinished wooden decorations at a price of 15.00. the current profit margin is 5.00 per
Your local government created an agency to serve the local community in providing low income housing. That housing agency, called the Local Housing Board, is a tax exempt agency of local government and was created to receive federal funds for hous..
How much taxable income, in total, must the shareholders of the corporation report on their 2010 tax returns?
Describe the benefits accruing to company that is traded in public securities markets. What are the disadvantages to being public?
a company considering a capital investment proposal that costs 460000 an estimated life of four years and no residual
a single stage window at the post office experiences an average arrival rate of 14 people per hour and can service on
Discuss how "trust" is impacted when companies restate its financial statements. It maybe in reference to the change in accounting principle, change in accounting estimate, change in reporting entity, and error corrections.
In May of 2009, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2009, the environmental attorney for Raymond indicated that an unfavorable outcome to the dispute was probable.
Prepare the bank reconciliation for company.
The bonds are dated January 1, 2006, and mature on January 1, 2010. The total interest expense related to these bonds for the year ended December 31, 2006 is ??
Prepare a capital budget for the Hot New Café with the net cash flows for this project over a 5-year period.
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