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Instructions Prepare the stockholders' equity section of the balance sheet at December 31, 2012. P11-6B On January 1, 2012, Gabriel Inc. had these stockholder equity balances. Common Stock, $1 par (1,000,000 shares authorized; 500,000 shares issued and outstanding) $ 500,000 Paid-in Capital in Excess of Par Value 1,000,000 Retained Earnings 600,000 During 2012, the following transactions and events occurred. 1. Issued 70,000 shares of $1 par common stock for $245,000. 2. Issued 40,000 common shares for cash at $4 per share. 3. Purchased 18,000 shares of common stock for the treasury at $4 per share. 4. Declared and paid a cash dividend of $296,000. 5. Reported net income of $510,000.
e-commerce creates its own risks and therefore special internal controls. 1 identify and explain one pitfall and one
How much higher or lower will net operating income be for the year if the underapplied or overapplied overhead is allocated rather than closed directly to cost of goods sold?
On January 1, 2010, Priscilla signed a FIVE year lease to rent office space from Marjorie. The lease commenced immediately on January 1, 2010. During 2010, Priscilla paid Marjorie $24,000 for the first year's rent, $2,000 for the last month's rent..
Sarah contributes 25K to a church. Sarahs marginal tax rate is 35%. While her average tax rate is 25%. After considering her tax savings, sarah's contribution cost are?
1. cpa smith is the executive in charge of the pompano office of the audit firm. he is responsible for the practice in
The contribution margin of the finished products is $6 each. Inventory carrying costs are $0.40 per unit per day. What is the change in the daily contribution margin if the change is made?
Carin, a widow, elected to recieve the proceeds of a $100,000 life insurance policy on the life of her deceased husband in 10 installments of $15,000 each. Her husband had prepaid premiums of $75,000 on the policy. In the first year, Carin collect..
Activity based costing is a unique tool used by management to better determine where a firms costs are.
Recognize the industries of your six selected securities. (including BONDS)
rolen inc. is in the process of preparing the fourth quarter budget for 2010 and the following data have been assembled
salter mining company purchased the northern tier mine for 58000000 cash. the mine was estimated to contain 1120000
the mediterranean sea exchanges water with the atlantic ocean. fresh water inflow to the mediterranean is approximately
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