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Match the items below by selecting the appropriate number in the space provided.
Net income retained in the corporation. The amount that must be retained in the business for the protection of creditors. Preferred stockholders have a right to receive current and unpaid prior-year dividends before common stockholders receive any dividends. Creditors only have corporate assets to satisfy their claims. Responsible to stockholders for corporate activity. The amount assigned to each share of stock in the corporate charter. Unit of ownership in a corporation. Enables stockholders to maintain their same percentage ownership when new shares are issued. Corporation's own stock that has been reacquired by the corporation but not retired.
Total amount paid-in on capital stock. 1. Limited liability2. Capital stock3. Board of directors4. Paid-in capital5. Retained earnings6. Preemptive right7. Par value8. Legal capital9. Treasury stock10. Cumulative feature
a chairs variable cost is 52 and its market value as a piece of unfinished furniture is 65 at a transfer point from the
Ratzlaff Company issues $2.2 million, 10-year, 8% bonds at 97, with interest payable on July 1 and January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2008
two years ago your corporate treasurer purchased for the firm a 20 year bond at its par value of 1000. the coupon rate
xpected sales for tents at sandys camping gear are 4200 6100 2200 3400 and 5300 for the next five quarters. at the end
Jacob is an employee and used the computer 100% of the time in his employment. Although his homeowners insurance policy paid Jacob $7,000 for the stolen computer, Jacobs employer did not reimburse Jacob for any of the remainder of his loses. Jacob..
The machine would reduce labor and other costs by $67,000 per year. The company requires a minimum pretax return of 15% on all investment projects. The net present value of the proposed project is closest to:
On April 1, 2005, Hofiani Company purchased a one year insurance policy for $3,600. What was the journal entry which Hofiani Company made on April 1, 2005?
xyz company uses job order costing and applies manufacturing overhead to individual jobs by using predetermined
During December, LP Products incurred the following cost:advertising expense $10,000. General and administrative cost $ 9,000From the information given above, what is the total indirect manufacturing cost.
Explain when you would use a process costing system and what the purpose of equivalent units is.
many organizations have been in the news over the past few years due to accounting ethical breaches that have affected
The entity's balance date is 30 June, and it uses the straight-line method of depreciation. On 1 July 2011, the value is use was estimated to be $45,000 and the net selling price was $48,750. Prepare the journal entries in relation to the equipmen..
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