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On January 1, 2010 the Knox Company showed the following alphabetical list of stockholders equity balances:
Additional paid in capital on common stock ........ $130,000Additional paid in capital on preferred stock .......... 6,000Common stock, $10 par ................ 100,000Preferred stock, $100 par ................ 50,000Retained earnings ................... 224,000
During 2010, the following events occurred and were properly recorded by the company:
1. The company purchased an investment in available for sale securities. At year end, the fair value of the securities had increased by $9,000.2. The company issued 2,000 shares of common stock for $25 per share.3. The company issued 110 shares of preferred stock for $116 per share.4. The company reaccquired 400 shares of its common stock as treasury stock at a cost of $26 per share. (Hint: Record the reacquisition cost in a Treasury Stock account.)5. The company earned net income of $57,000.6. The company paid a $7 per share dividend on the preferred stock and a $1.25 per share dividend on the common stock outstanding at the end of 2010 (treasury stock is not entitled to dividends).Required:Prepare a statement of changes in stockholders equity for 2010. (Include retained earnings.)
Cost of goods manufactured, balance in the raw materials inventory account and the cost of goods manufactured for May
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you are the vice president of operations for a small manufacturing company that uses the absorptive method of
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What are the expected rates of reimbursement for this time frame for each payer
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Hip Duds Company is considering the purchase of new machines on January 1, 2015. Trail Power has been using the same machines to make its name brand clothing for the last five years. A cost efficiency consultant has suggested that production costs ma..
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