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Paying the cash dividends on January 4, 2015 Did Retained Earnings increase or decrease during 2014? By how much?
What was the overall effect of the stock dividend on Tucson's total assets? On total liabilities? On total stockholders' equity?
Explain the meaning of the component driver ratios in the computation of ROA.
Why are common stock and retained earnings shown separately in the shareholders' equity section of the balance sheet?
During the first year of operations, City Publishing earned net income of $74,000 and declared a cash dividend of $26,000.
Talbert thinks these investments may hold the key to helping the company meet its net income goal for the year.
When the year-end accrual of interest and amortization of discount is recorded, the carrying value of Bonds Payable on the balance sheet will increase.
The market interest rate is 5%. Haylee Corp. issues bonds payable with a stated rate of 6 ½ %.
AJR Corp. issued 4% seven-year bonds payable with a face amount of $150,000 when the market interest rate was 4%.
Prepare an effective-interest amortization table for the bonds through the first three interest payments.
Berkley Bank has $200,000 of 4% debenture bonds outstanding.
BBS Financial Services is considering two plans for raising $600,000 to expand operations. Plan A is to borrow at 4%, and plan B is to issue 200,000 shares .
On January 31, 2014, Kuhl Logistics, Inc., issued 10-year, 5% bonds payable with a face value of $8,000,000.
Colorado Sports amortizes bond discount by the effective-interest method. The semiannual interest dates are June 30 and December 31.
The bonds pay interest on June 30 and December 31. Garden Groceries Ltd. amortizes bond premium by the effective-interest method.
What method should Sperrey Motors use to account for the investment in Phase? Give your reason.
Will SM's annual interest revenue on the bond investment be more or less than the amount of cash interest received each year?
What is the present value of the lease if the car can be sold for $5,000 at the end of five years?
List the three categories of cash flows in the order they appear on the cash flow statement.
Without making journal entries, record the transactions of E8-15A directly in the McCloud account, Equity-method Investment.
Donte Corp. purchased 10, $1,000, 5% bonds of General Electric Corporation when the market rate of interest was 4%.
Purchased 650 shares of Cheng Fine Foods common stock at $33 per share, with the intent of holding the stock for the indefinite future.
At December 31, Hoover's Online reports New Brunswick stock at $28.125, Paris at $48.00, and Ireland at $68.00.
Suppose Potter paid $1,420,000 to acquire a 35% investment in Needham Software Company.
Humphrey Financial paid $495,000 for a 45% investment in the common stock of Holmes, Inc. For the first year, Holmes reported net income of $206,000 .