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On Jan 1, 2013, Richard Sales isued 40,000 of common stock at a price of $22 per share. The stock has a par value of $1.00 per share. In mid- 2014 due to dramatic increases in profits, the stock reached a market value of $90 per share. The board of directors approved a 2- for -1 split. After the stock split, what will the balance sheet show as the par value of common stock?
show small inventory shortages and 5 percent show large inventory shortages. KK firm has devised a new accounting test for which it believes the subsequent probabilities hold
What is Cost of raw material issued to WIP, Cost of Goods Manufactured, Cost of Goods Sold and Net Income
Prepare the j entries for traditional and backflush costing. For backflush costing, assume there are 2 trigger points: 1). the purchase of raw materials and 2). the completion of the goods.
Compute the breakeven point in units, assuming that the planned revenue mix is maintained and compute the breakeven point in units if Only standard carriers are sold
Create the general journal entries to record each of these events and prepare the closing entries.
Prepare the Statement of Changes in Net Position of the Flood Control Commission for the month ended October 31, 2011
What was the cost of raw materials put into production during the year and how much of the factory labor cost for the year consisted of indirect labor?
Determine the cost of the finished goods inventory of light-gauge aluminum and prepare an income statement for the current year ended December 31
What is the most likely effect on the labor variances in the first month of this strike. the estimates of the variable and fixed components of repair cost would be
Jay sold land (a capital asset) to an unrelated party for $20,000 cash and a 9% note for $100,000 due in two years. His basis in the land was $40,000. Which of the following statements is correct?
Determine how many units of each product Whitt must sell in order to breakeven in 2012 and companys fixed selling and administrative expanses are forecasted to be $500,000. Whitt has a tax rate of 40 percent.
SDH uses the cost recovery method under IFRS to recognize revenue and what would be the journal entry made in 2008 to record revenue?
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