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sammy county is preparing financial statements for the year ended december 31 2012 based on the following facts prepare
at the start of calendar year 2012 central city records showed the following accounts relative to prior year property
saralisa city which operates on a calendar year basis obtains 40 percent of its revenues from personal income taxes
lavender corporation had 10000 shares of common stock outstanding at the beginning of the year on july 1 it issued 5000
given the following year end information for star corporation compute its basic earnings per sharenet income
assume plaza corporation has compensatory share options for employees to purchase 2000 common shares at 14 per share
montgomery corporation has 6 convertible preferred stock outstanding it declared preferred dividends of 4800 during the
sarasota corporation has 9 convertible bonds outstanding it recorded interest expense net of income taxes of 6300 on
given the following year-end information compute green corporations basic and diluted earnings per sharenet income
a citizen sued a city because he was accidentally shot by a police officer the city acknowledges responsibility for the
assume that eagle corporation has issued 10 participating cumulative preferred stock with a total par value of 22000
multiple choice1 the budget of sanger county shows estimated revenues in excess of appropriations when preparing
the general fund of attmore county has a total fund balance of 850000 at december 31 2013 based on the following data
veruca corporation declares a property dividend payable in bonds of violet company being held to maturity the bonds are
the following interfund transactions occurred in becca city general fund during the year ended december 31 2012 for
ruby corporation declares and issues a 15 stock dividend on the date of declaration the stock is selling for 30 per
using the same facts as in re17-9 assume instead that ruby declares and issues a 50 stock dividend when the stock is
a local government budget policy allows open encumbrances to lapse at the end of the yearits budget for the following
given the following current year information calculate gold corporation retained earnings balance on december 31net
in year 2 jasper corporation discovered that it forgot to accrued interest expense of 40000 in year 1 this
sardel company reported net income of 29975 for 2010 during all of 2010 the company had 1000 shares of 10 100 par
jamieson company earned net income of 43800 during 2010 at the beginning of 2010 it had 10000 shares of common stock
miles company began 2010 with a retained earnings balance of 142400 during an examination of its accounting records on
hernandez company began 2010 with a 120000 balance in retained earnings during the year the following events occurred1
on january 1 2010 franklin company had a retained earnings balance of 206000 during 2010 the following events occurred1