Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Is it possible for a firm to have a large Retained Earnings balance and no cash? Explain.
Why should a potential common stockholder carefully examine the dividend preferences of a company's preferred stock?
The company repurchased 1,500 shares of $1 par-value common stock for $32 per share from the open market.
Brockbank Corporation gave 15,000 shares of common stock to an individual who contributed a building worth $50,000.
The company declared a $21,000 cash dividend. Make the necessary journal entry(ies) to record this event.
Make the necessary journal entry(ies) to close the dividend accounts to retained earnings at the end of the necessary journal entries to close dividend accounts
The company's investment in a foreign subsidiary increased by $4,000 because the Euro strengthened relative to the U.S. dollar during the year.
Washington Corporation was granted a charter authorizing the issuance of 200,000 shares of $10 par-value common stock.
Declared a cash dividend sufficient to meet the current-dividend preference on preferred stock and pay common shareholders $1 per share.
Declared a cash dividend sufficient to meet the current-dividend preference on preferred stock and paid common shareholders $2 per share.
If all 2,000 treasury shares had been purchased by corporate officials through the stock option plan, what would the dividends per share.
On January 1, the company borrowed $500,000 to purchase a new building and signed a mortgage agreement pledging the building as collateral on the loan.
$30,920 invested to earn interest at 4% compounded semiannually for 6½ years.
Howard Company has just borrowed $250,000. The loan is to be repaid in regular annual payments made at the end of each year.
By how much will the principal amount of the mortgage be reduced by the end of 2009?
Prepare the journal entry to be made on January 31, 2009, when the first payment is made.
Logan Electronics signed a lease to use a machine for five years. The annual lease payment is $14,200 payable at the end of each year.
Assuming the lease qualifies as an operating lease, what journal entry would be made on January 2 to record the leased asset?
Romulus, Inc., issued $500,000 of 10%, five-year bonds at face value on July 1, 2009. Interest on the bonds is payable semiannually on December 31 and June 30.
Debt-to-equity ratio assuming that Karlla Peterson's operating leases are accounted for as capital leases.
On February 20, 2011, Schwedt elected to retire the bond issue early. The market price on the day of retirement was $300,000.
Prepare all necessary journal entries to account for the bonds from the date of issuance through June 30, 2010.
Show how the bonds would be reported on the balance sheet of Sealon Corporation on December 31, 2009.
An investment of $20,000 today to earn interest at 8% compounded semiannually to provide for a down payment on a house four years from now.
Assume that Mr. Smith decides to repay the note in 60 monthly payments. What is the balance remaining on the note immediately after he makes the 30th payment?