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On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $25 on June 13.
Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. (If no entry is required for a particular event, select "No journal entry required" in the first account field.)
What is the par per share after the split? (Round your answer to 2 decimal places.)
Prepare the suitable journal entry, if any, to record this accounting change. Purpose the journal entry to record depreciation for 2013.
The amount of the average investment for a proposed investment of $120,000 in a fixed asset with a useful life of 4 years, straight-line depreciation
For which of the following businesses would a process cost system be appropriate? The two categories of cost comprising conversion costs are: The two categories of cost comprising Prime costs are:
journal entries for sold merchandise inventory.1.2182009 sold 600000 merchandise inventory on account.nbsp all sales
All reconciling items at March 31, 2014 cleared the bank in April. Outstanding checks at April 30, 2014 totaled $6,000. There were no deposits in transit at April 30, 2014. What is the cash balance per books at April 30, 2014?
The difference between the actual value and the projected value is called data dispersion. Please describe several ways the CFO organization can use to mitigate the data dispersion risks.
What is the company's cost of goods sold for the year ended December 31, 2015? What is the company's net operating income for the year ended December 31, 2015?
1.Consider the features of perpetual inventory and respond to the following: Discuss the advantages and disadvantages of accounting for inventory under the perpetual inventory system.
Additional facts are available for preparing adjustments on March 31 prior to financial statement preparation - the March 31 amount of computer supplies still available totals $2,015 and three more months have expired since the company purchased its..
Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. Issued 10,000 shares of stock at par to Cathy Dewitt for cash.
The AR clerk them uses the payment stub to enter the payments into the computer where the AR master data is updated to record the payment.
Raner, Harris, & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices—one in Chicago and one in Minneapolis. Calculate the increased segment margin.
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