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The financial statements for a company included the following information: Common Stock $1,750,000 Retained Earnings $950,000 Net Income $1,250,000 Shares Issues 110,000 Shares Outstanding 90,000 Dividends Declared and Paid $900,000 The common stock was sold at a price of $30 per share. Complete the following: (
a) What is the amount of capital in excess of par?
(b) What was the amount of retained earnings at the beginning of the year?
(c) How many shares are in treasury stock?
(d) Compute earnings per share.
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during a period department a finished and transferred 50000 units to department b. of the 50000 units 20000 were 15
Ronald needs $1,215,650 to cover next Friday's payroll. Its balance of outstanding accounts receivable totals $1,277,000. What might Ronald do to alleviate this cash crunch?
On January 1, 2003, Marina Clothing Company had Accounts Receivable of $54,200 and Allowance for Doubtful Accounts of $4,700. Marina Clothing Company prepares financial statements annually. During the year the following selected transactions occur..
at each calendar year-end mazie supply co. uses the percent of accounts receivable method to estimate bad debts. on
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Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $22,590 which was paid in the current year.
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The Accounts Payable account is only for direct material purchases.
assess the three procedures that are effective in identifying breakdowns in internal controls due to override and
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