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PFS Corp. makes and sells a product in Wisconsin, Minnesota, and the Dakotas. A publicly owned corporation, the company's outstanding stock consisted of 25,000 share of 10%, 20 par cummulative preferred stock and 100,000 shares of common stock from 20X1-20X6. PFS has declared the following annual dividends over the 6 year period:20X1 none 20X2 $100,00 20X3 $150,000 20X4 $120,000 20X5 $25,000 20X6 $95,000.Calculate the total divendends and the per-share dividends for each class of stock over the 6 years and make sure to include a column for dividends in arrears.
Prepare the journal entries to record the following transactions in Hunt Ltd’s records using the perpetual inventory system. (For multiple debit or credit entries, list accounts in order of magnitude.)
for the following investments identify whether they are1. trading securities2. available-for-sale securities3.
The actual machine hours during the year are 5,500 and the actual direct labor hours are 90,000.a. How much overhead is allocated? b. What is the over/underabsorbed overhead?
jane kent is a licensed cpa accountant. during the first month of operations of her business jane kent inc. the
Kettle goods company has a unit selling price of 500 $, variable cost per unit $ 300 and fixed costs of $170,000. Compute the break even point in units and in sales dollars.
The journal entry to record the flow of costs into Department 2 during the period for direct materials is:
1. determine whether each of the ollowing independent statements best applies to a defined contribution plan dcp a
breakeven cvp potential cost structure change employee reaction ersatz manufactures a single product. the following
Calculate the amount of accumulated depreciation to be debited or credited in the preparation of the 2009 consolidated balance sheet.
wilder manufacturing manufactures two models of its banjo the basic and the luxury. the basic model requires 10000
How would your answer to Part a. change, if at all, if the FMV of the gift property was $85,000 as of the date of the gift.
Explain how the profitability of the company can be made to look better if they were to produce more products, even if they are not all sold right away.
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