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Question - Concin has the following equity accounts on its balance sheet:Common stock ($0.25 par, 9 million shares) $2,250,000
Contributed capital in excess of par 89,400,000
Retain earnings 67,503,189
$159,153,189
The current market price for a share of Concin's stock is $24.25. If the firm declares a 10% stock dividend and a $0.06 per share cash dividend, what will be the impact on Common stock on the above equity account?
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On-Time Truckers prepares monthly financial statements. On July 1, the Supplies account had a balance of $3,500.
The Mixing Department is the third department in the MZS Inc. factory. During January, there were 4,000 units of beginning inventory in the Mixing Department,
During the quarter the company purchases $8,950 of new inventory, At the end of the quarter the balance in inventory is $30,000. What is the cost of goods sold?
The Lo Sun Corporation offers a 5.1 percent bond with a current market price of $872.50. The yield to maturity is 6.19 percent. The face value is $1,000. Interest is paid semi annually. How many years is it until this bond matures?
On January 1 year 1, Assume a current fair market rate 8%. Record all the necessary journal entries for both blue and pink company
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Davison Inc. reported a deferred tax liability of $24 million for the year ended December 31, 2012, related to a temporary difference of $60 million. The tax rate was 40%. The temporary difference is expected to reverse in 2014 at which time the defe..
A company which makes up its financial statements annually to 31 December, provides for depreciation of its machinery at the rate of 12 per cent per annum using the reducing balance method.
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