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Two classes of stock authorized: $100 par preferred and $2 par common
how do you record this transaction?
May 18 Issues 30,000 additional shares of $2 common stock for $75 per share.
May 25 Issue 8,000 shares of preferred stock for $125 per share.
July 1 Declare a cash dividend of $1.25 per share on common stock and $3.00 per share on preferred stock to all stockholders ofrecord on July 15.
July 31 Pay the cash dividend declared on July 1.
August 15 Repurchase 9000 shares of treasury stock for $70 per share.
October 1 Reissue 4000 shares of treasury stock purchased on August 15 for $75 per share.
The level of activity at which total revenues eqivalent total costs. A point at which there is no profit and no loss.
Long-Term Liabilities: These are usually for more than one year. They cover almost all the outsider's liabilities not comprised in the current liabilities and provisions. Such
Q. Is it possible to execute fca in the deficiency of a general ledger accounting system ? Ans. Yes. FCA can be executed for whichever solid waste management system and whi
What type of activity could a company engage in to improve their cash flows in their Cash Flows Statement? Is this ethical? Could borrowing money make the cash from operations be
Why is it important for financial statements and other external reports to be based on generally accepted accounting principles?
explain any five qualities of accounting profession
importance value index ivi
1. The Initial Borrowings required are determined by the amount required to start the project less the Cash Invested by the Corporation. The loans will always be principle & inte
Problem 4-12 Multiproduct CVP [LO 4] Fidelity Multimedia sells audio and video equipment and car stereo products. After performing a study of fixed and variable costs in the prior
A foreign company plans to clear several dozen acres of ecologically valuable mangrove swamp in Vietnam for the creation of a shrimp aquaculture facility. This decision will creat
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