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1. The balance in retained earnings on January 1, 2010, for Persinger Inc, was $800,000. During the year, the corporation paid cash dividends of $90,000 and distributed a stock dividend of $8,000. In addition, the company determined that it had understated its depreciation expense in prior years by $50,000. Net income for 2010 was $120,000. Prepare the retained earnings statement for 2010.
ohare companys only asset as of january 1 2012 was a limousine. during 2012 only thefollowing three transactions
Assume that you are saving up for a trip around the world when you graduate in 3 years. If you can earn 7% on your investments, how much would you have to deposit today to have $13,000 when you graduate?
the following events took place at petes painting company during 2008 a. on january 1 pete bought a used truck for
samson corporations common stock is priced at 30.50 per share before any stock dividend or split and the stockholders
The document should explain how the data are to be used, how they support measuring the current status of the issue, and the end condition of the issue once it is resolved.
loreal-amerfcan corporation purchased several marketable securities during 2013. at december 31 2013 the company had
distinguishing repairs versus betterments. disney world experienced damage from a tornado at space mountain one of its
finley company has its company headquarters based in raleigh north carolina and has six individual retail stores spread
Dianne Company signed a ten-year lease agreement on January 1, 2014. The lease requires pay- ments of $5,000 per year every December 31. Dianne estimates that the leased property has a life of 12 years. The interest rate that applies to the lease ..
on march 1 2011 navy corporation used excess cash to purchase u.s. treasury bonds for 103000 plus accrued interest. the
Why, and how would you suggest the selection be done, if not? What is Sarbanes Oxley ACT (SOX) position on peer review?
materials used by the truck division of armstrong motors are currently purchased from outside suppliers at a cost of
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