How much cash did haden receive
Haden Inc. had cash sales of $300,000 and credit sales of $1,050,000. The accounts receivable balance increased $15,000 during the year. How much cash did Haden receive from its customers during the year?
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Show what Potvin will report for the foregoing on its income statement and year-end balance sheet.
During 2010, Phelps Corporation reported net sales of $4,000,000, net income of $2,200,000, and depreciation expense of $80,000. Phelps also reported beginning total assets of $1,000,000, ending total assets of $1,500,000, plant assets of $800,000
In January 2011, Post, Inc. estimated that its year-end bonus to executives would be $720,000 for 2011. The actual amount paid for the year-end bonus for 2010 was $660,000. The estimate for 2011 is subject to year-end adjustment. What amount, if a
LoJo Developers Inc. purchased a coal mine for $10,000,000. As a condition of the purchase, LoJo agreed to restore the land after mining operations ceased. Restoration costs are estimated at $2,500,000. The proper accounting for these restoration
In light of your answers, do you think the stock split is positive for the company and for its stockholders?
How important are taxes when making a decision about a company? Would you want to know both state and federal tax liabilities?
If net income for the year was $75,000 and a preferred stock dividend of $20,000 was paid, what was the beginning value of retained earnings? How much is earnings per share for the year?
Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized.
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