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Question - On August 1, 2018, Alpha Corp., declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. Stockholders' equity before the stock dividend consisted of 1,000,000 for common stock ($10 par value, authorized 200,000 shares; issued and outstanding 100,000 shares), $150,000 for paid-in capital in excess of par, and $700,000 for retained earnings. Use this information to prepare the general journal entry (without explanation) for August 1, 2018.
At the end of the current year, Kennedy Co. has a defined benefit obligation of $335,000 and pension plan assets with a fair value of $245,000.
An analysis of the transactions made by S. Moses & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,900 for salaries, and $500 for utilities.
Robin Company has the following balances for the current month:
muscle construction signs a contract to build a classroom addition for smallville high school. the total price for the
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a retail outlet changed its computation for bad debt expense from 1 to frac12 of 1 of sales because of changes in its
Compute the internal rate of return for each investment. Use the above table of present value of an annuity of $1. If required, round your present value factor answers to three decimal places and internal rate of return to the nearest percent.
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If I were to make muffins and the blueberries for the muffins cost 2.05 per bag and I use 11 blueberries per muffin but then found out that people liked 15 berries per muffin and I found a store that sold 400 berries per bag at 1.89 per bag. How d..
Equipment on the Cobb's books with a 5-year life was undervalued by $60,000. Any excess fair value attributable to the consideration paid was considered to be goodwill with an indefinite life. Williams Corp. also paid legal and accounting consul..
Prepare journal entries to record the following four separate issuances of stock.
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