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The board of directors declared cash dividends totaling $364,000 during the current year. The comparative balance sheet indicates dividends payable of $104,300 at the beginning of the year and $91,000 at the end of the year. What was the amount of cash payments to stockholders during the year?
Make the appropriate journal entries (if any) to record the receipt of the $260 by XYZ Corp. assuming XYZ uses the allowance method.
how is the income statement of a service company different from the income statement of a merchandising
do a trend analysis for 1988 through 1990 and common-size statements for 1988 1989 1990 and the first quarter of 1991.
A department has budgeted monthly manufacturing overhead cost of $270,000 plus $3 per direct labor hour. If a flexible budget report reflects $522,000 for total budgeted manufacturing cost for the month, the actual level of activity achieved durin..
a company had inventory on november 1 of 5 units at a cost of 20 each. on november 2 they purchased 10 units at 22
The Duce Company has five plants nationwide that cost $100 million. The current market value of the plants is $500 million. The plants will be recorded and reported as assets at
You have a small tax accounting preparation and bookkeeping practice. A new client enters your office and places a box of receipts and bank statements on your desk and says that she would like to have a set of financials prepared and tax retur..
O'Connor Company purchased supplies totaling $21,600. By year end, $9,300 of supplies were still on hand. How much supplies expense should O'Connor recognize?
Thrifty Co. reported net income of $465,000 for its fiscal year ended January 31, 2011. At the beginning of that fiscal year, 200,000 shares of common stock were outstanding.
Jill Morris is presently leasing a small business computer from Eller Office Equipment Company. The lease requires 10 annual payments of $4,000 at the end of each year and provides the lessor (Eller) with an 8% return on its investment. You may us..
The manufacturing overhead budget of Lewison Corporation is based on budgeted direct labor-hours. The June direct labor budget indicates that 5,800 direct labor-hours will be required in that month.
foyert corp. requires a minimum 7500 cash balance. if necessary loans are taken to meet this requirement at a cost of 2
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