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Potter company has outstanding 15,00 shares of $50 par value, 8% preferred stock and 50,000 shares of $5 par value common stock. During its first three years in business, it declared and paid no cash dividends in the first year, $280,000 in the second year and $60,000 in the third year. a) if the preferred stock is cumulative, determine the total amount of cash dividends paid to each class of stock in each of the three years b) If the preferred stock is noncumulative, determine the total amount of cash dividends paid to each class of stock in each of the three years
q1 a person buysand sells a number of vehicles in a tax year and makes asignificant amount of profit in the process.
cardinal llc incurred 20000 of startup expenses 3000 of organizational costs and paid 10000 in transfer taxes to change
on january 1 2004 digital inc. leased heavy machinery from young leasing company. the terms of the lease require annual
State which account in Corbys books of account should be debited and which account should be credited for each transaction.
yuma foods acquire aldos tortillas several years ago. aldos continued to operate as an independent company except that
O.K. Company uses a job order cost accounting system and allocates its overhead on the basis of direct labor costs. O.K. expects to incur $800,000 of overhead during the next period, and expects to use 50,000 labor hours at a cost of $10.00 per ho..
Annual cash savings from the purchase of the machine will be $20,000. Compute the internal rate of return and payback period.
dollar general corporation operates approximately 9400 general merchandise stores that feature quality merchandise at
At December 31, balances in Overhead are as follows: Lott Company-debit $1,500, Perez Company-credit $900. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold.
owe manufacturing co. produces a single product g. budgeted amounts for the coming year are as follows sales 120000
1.nussey clinic uses client-visits as its measure of activity. during may the clinic budgeted for 1800 client-visits
Determine the amount of manufacturing overhead that would have been applied to all jobs during the period.
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