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Journal Entries: Stock Dividends
Panza Corporation has 60,000 shares of its $1 par value common stock outstanding. Prepare journal entries to record the following transactions as they relate to the company's common stock:•July 17 Declared a 10 percent stock dividend on common stock to be distributed on August 10 to stockholders of record on July 31. Market value of the stock was $5 per share on this date.•31 Date of record.•Aug. 10 Distributed the stock dividend declared on July 17.•Sept. 1 Declared a $0.50 per share cash dividend on common stock to be paid on September 16 to stockholders of record on September 10.
Tower Cover Company provided the following information concerning two products: Compute the contribution margin per unit of limited resource for each product. Which product should Tower tell its sales personnel to push to customers?
The present value of an ordinary annuity factor for three years at 8% is 2.58, and the present value for the future amount of a single sum of one dollar for three years at 8% is .735. Shipping charges for the equipment were $2,000, and installati..
Ended the War of Spanish Succession & recognized France's Philip V as Kind of Spain, but prohibited the unification of the French and Spanish monarchies; gave England profitable lands in North America from France.
Dapper Corporation had only one job in process on May 1. The job had been charged with $1,030 of direct materials, $3,760 of direct labor, and $6,350 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined ov..
During October, Dorinirl Corporation incurred $65,500 of direct labor costs and $5,100 of indirect labor costs. The journal entry to record the accrual of these wages would include a:
How many students are needed in order to achieve breakeven. - How many classes need to be taught in order to achieve breakeven.
Gabby executed two home equity loans (both secured by the home). The first was for $80,000 at an interest rate of 7%. The second home equity loan from a different bank later on the day was for $40,000 at an interest rate of 9%
Blackmon Company reported net income of $805,000 and cost of goods sold of $1,525,000 on its 2009 income statement. Compute the amount of cash payments to suppliers.
big chuck wishes to maintain a 10000 minimum cash balance at all times. additional financing is available and retired
Agee Corporation acquired a 38% interest in Trent Company on January 1, 2015, for $480,000. At that time, Trent had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2015, Trent paid cash dividends of $154,000 and thereafter ..
Cost approach and market transaction (actual transaction value for identical or similar asset based on an arm's length market transaction)
Allowance for Doubtful Accounts has a credit balance of $1,000 immediately before the write-off of a $300 account receivable. The credit balance of Allowance for Doubtful Accounts immediately after the write-off is
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