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Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 110,000 shares of common stock outstanding as of the beginning of 2012. Power Drive has the following transactions affecting stockholders' equity in 2012.
October 21 Reissues 3,500 shares of treasury stock purchased on May 10 for $100 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2012: Common Stock, $110,000; Paid-in Capital, $4,610,000; and Retained Earnings, $2,240,000. Net income for the year ended December 31, 2012, is $540,000. Required: Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31, 2012.
a company started the year with retained earnings of 200000. during the year it reported net income of 80000 and it
During a period of consistently rising prices, the method of inventory that will result in reporting the greatest cost of merchandise sold is:
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Compute the total materials variance and the price and quantity variances - quantity purchased and used is 26,200 units.
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Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation.
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?
roberts iii corporation is considering an investment in special-purpose equipment to enable the company to obtain a
ABC Corporation purchased $15,000 of office furniture by putting $7,000 down in cash and the rest on account on April 8.
a department store apportions payroll costs on the basis of the number of payroll checks issued. accounting costs are
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