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Gazebo Corporations stockholders equity comprise of 8.00 shares of P200 par common stock,P400,000 of additional paid in capital and retained earnings of P900,000. Stock dividends of 6% were declared when the stock was selling for P500 per share.
Question 1. What amount of retained earnings account should be transferred to capital stock?
Mindanaoan Corporation holds 10,000 shares of its 10 par value common stock as treasury stock reacquired in 20A for P120,000.On December 31,20B the company issued all 10,000 shares for P190,00.
Question 2. Under cost method of accounting for treasury stock, the reissuance would result in a credit to?
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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