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Question - On January 1, Blue Spruce Corp. had 63,300 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.
Apr. 1 Issued 19,800 additional shares of common stock for $13 per share.
June 15 Declared a cash dividend of $1.65 per share to stockholders of record on June 30.
July 10 Paid the $1.65 cash dividend.
Dec. 1 Issued 8,800 additional shares of common stock for $11 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $1.85 per share to stockholders of record on December 31.
Required - Prepare the entries on each of the three dates that involved dividends.
Why is activity based costing [ABC] applicable in non-manufacturing organizations? ABC can be a powerful costing tool, if used effectively. Explain.
On January 1, 2006 Jim leased a building to be used in his business as an office building. The lease will terminate on December 31, 2014. On February 2, 2008, Jim made a capital improvement to the exterior of the building. Determine Jim's loss deduct..
If you invest $23,597 today at an interest rate of 7.35 percent, compounded daily, how much money will you have in your savings account in 28 years?
Suppose you are the controller of a company that sells inventory. Also, suppose the economy currently enters a period of high inflation. Although profits are higher this year than last year, you realize that the cost to replace inventory is also high..
Prepare a trial balance in the Trial Balance columns of a work sheet. Prepare adjusting entries and complete the work sheet using the information below: One month's prepaid rent has expired, $800.
What is the probability that a randomly selected monthly cell phone bill is between $62 and $84. Cell phone bills are distributed with a standard deviation
How would your answer modify if Engco sold its goods with title passing at the customer's location?
The field should appear before the Debit Manager Field section data. What do you need to do to make the access field appear for the Debit Manager Field?
Post the account to relevant ledger account. Extract a trial balance as at 30th June 2012. Explain difference between a 'cash discount' and a 'trade discount'
Kobe is a single dad with two dependent children, Lizzie, age 7 and Leslie, age 3. He has AGI of $51,000 and paid $6,300 to a qualified day care center. What amount of credit can Kobe receive for the child and dependent care credit?
What does the article mean by the statement ‘under the stress of current market conditions, accounting policy should focus on measuring the heat of the flame instead of pouring gasoline on the fire'?
How report to the directors of ABC Limited to advice if the new investment should be under taken based on capital budgeting Technics.
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