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rockland corporation earned net income of 346500 in 2012 and had 100000 shares of common stock outstanding throughout the year also outstanding all
how do i find the retained earnings what is the formula to find retained earnings what is the retained earningsaccounts payable 5000 notes payable
1 a magazine offers a one-year subscription at a cost of 15 with renewal the following year 1650 also offered is a two-year subscription at a cost of
heather amp terry have a mortgage on their primary residence of 750000 and a mortgage on their vacation home of 410000 in 2013 they incurred 46400 of
discuss the advantages and disadvantages of different types of financing1issuing bonds2borrowing from bank3equity
cleary wasser and nolan formed a partnership on january 1 2010 with investments of 100000 150000 and 200000 respectively for division of income they
in its first month in business jones inc sold merchandise to customers on account for 119800 it collected 72000 on those sales during the first month
adjusting entries clapton guitar company entered into the following transactions during 2013 the transactions were properly recorded in permanent
a conversion cost was 140000 and was four times the prime costb direct materials used in production equaled 5000c cost of goods manufactured was
retained earnings had a beginning balance of 2758000 and an ending balance of 3885700 total revenues for the year were 3790800 during the year 130300
if you inherited 45000 today and invested all of it in a security that paid a 7 percent rate of return how much would you have in 25
please use the information below to complete form 1120s and the schedule k-1u2019s for form 1120s blank forms can be found on the hands-on assignment
q the following selected amounts are available for vizio companyretained earnings beginning 1600net loss 300cash dividends declared 200stock
q a prior period adjustment that corrects income of a prior period requires that an entry be made toa an income statement accountb a current year
q bento inc had 500000 shares of common stock outstanding before a stock split occurred and 1500000 shares outstanding after the stock split the
q somento forest inc has 10000 shares of 6 100 par value cumulative preferred stock and 100000 shares of 1 par value common stock outstanding at
q which one of the following is not necessary in order for a corporation to pay a cash dividenda adequate cashb approval of stockholdersc declaration
q stock dividends and stock splits have the following effects on retained earningsstock splits stock dividendsa increase no changeb no change
q if a corporation declares a 10 stock dividend on its common stock the account to be debited on the date of declaration isa common stock dividends
q dividends in arrears on cumulative preferred stocka are shown in stockholders equity of the balance sheetb must be paid before common stockholders
q which of the following is not true of a corporationa it may buy own and sell propertyb it may sue and be suedc the acts of its owners bind the
q andy eggers has invested 150000 in a privately held family corporation the corporation does not do well and must declare bankruptcy what amount
q if a stockholder receives a dividend that reduces retained earnings by the fair market value of the stock the stockholder has received aa large