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Sunshine Corporation began operations on Jul 1, 2009. When Sunshine's first fiscal year ended on Jun 30, 2010, the balance sheet showed 200,000 shares of common stock issued and 195,000 shares of common stock outstanding. During the second year, Sunshine repurchased 10,000 shares for the treasury. No new shares were issued in the second year. On the balance sheet at Jun 30, 2011, how many shares would be classified as issued? How many shares are outstanding?
What are some different ways to convert from accrual to cash accounting?
it is the first year of operations at johnnys subs and the cost of all work in process during the year is 830000.
hanzely corporations balance sheet and income statement appear belowcash dividends were 10. the company sold equipment
What net income or net loss per share would the company report for 2008 if it had 180,000 shares of common stock outstanding?
The building is being depreciated on a straight-line basis over 20 years with no salvage value. Why do you suppose management requested this accounting treatment?
We are paying for the excess capacity of other departments when other departments cut their usage levels." How could this manager's problem be solved?
The Minnetonka Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year.
during may 16000 units of the firms single product were manufactured.raw materials - 83200factory depreciation expense
Schuss Inc. issued $3,000,000 of 10%, 10-year convertible bonds on June 1, 2010, at 98 plus accrued interest. The bonds were dated April 1, 2010, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-li..
the empirical evidence reveals that very few firms change their standard prices and standard quantities during the
massey corporation uses a process cost system and the weighted-average cost flow assumption. production begins in the
Discuss how the following affect the break-even point: increase or decrease in unit sales price, increase or decrease in variable cost per unit, increase or decrease in fixed costs.
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