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Sing CD Company has had five years of record earnings. Due to this success, the market price of its 500,000 shares of $2 par value common stock has tripled from $15 per share to $45. During this period, paid-in capital remained the same at $2,000,000. Retained earnings increased from $1,500,000 to $10,000,000. President Joan Elbert is considering either a 10% stock dividend or a 2-for-1 stock split. She asks you to show the before-and-after effects of each option on retained earnings and total stockholders' equity.
A machine which cost $300,000 is acquired on October 1, 2012. Its estimated salvage value is $30,000, and its expected life is eight years.
Peterson Company purchased machinery for $480,000 on January 1. 2009. Straight-line depreciation gas been recorded based on a $30,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2013 at a gain of $9,000.
ABC Inc. has just entered into the business of selling antique cars. The company management decided to lease the premises for the business instead of buying the office premises.
a planning question has been asked what is the cost impact of a change in levels of production over a period of time?
why are audit objectives important in planning and performing an audit? explain the differences between transaction
Eau Claire Paper Mill, Inc., had, at the beginning of the current fiscal year, April 1, 2010, retained earnings of $323,325.
present value of 1 for 10 periods at 10 .386present value of 1 for 10 periods at 12 .322present value of 1 for 20
a bond has the following features coupon rate of interest 8 principal 1000 term to maturity 10 yearsa. what will the
What is the importance of defining the population when performing audit procedures? How would defining the population affect the sample size? How would incorrectly defining the population affect the sampling unit? (100 words)
limbaugh co. uses a job order cost system in the production of unique test equipment for oil drilling. limbaugh planned
The lease and move out eight months before the lease was scheduled to expire. What issues does Reginald face as a result of this transaction?
yengling companys payroll for the year is 593150. of this amount 211630 is for wages paid in excess of 7000 to each
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