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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.
Average costing method has the following main advantages: 1.It is a realistic costing method useful to management in analyzing operating results and appraising future production
All transfer-pricing methods give the similar division operating income. Do you agree? Describe.
The following are three independent situations where the reporting entity for which financial statements are being prepared are underlined. Every company has a December 31, 2012 ye
for the year ended31st dec 2008manufacturing accountshowing costof row material,manufacturing expenses and the cost of goods manufactured& tradind account where stock of row mater
I have a project due this week and I am having slight issues with the transactions. I cannot seem to receive the correct titles under the recordings
A 1- year Canadian bond with a face value of 5000 can be purchased at 4800. a) Calculate the nominal interest rate in Canada. b) If the Canadian dollar is expected to depreci
priple of accounting
Computation of mark up and Target selling price in cost-minus pricin
labour cost related case study with solution
Students will prepare a Comprehensive Master Budget and Budgeted Financial Statements for Earrings Unlimited for the three-month period ending June 30. This includes: Sales Budg
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