ACCOUNTING Problem 1 The outstanding capital stock ofACCOUNTING Problem 1 The outstanding capital stock of Manners Corporation consisted of 4,000 shares of 10 percent preferred stock, $200 par value, and 40,000 shares of no-par common stock with a state… read more
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Complete the following exercise. Fill in the Excel spreadsheetComplete the following exercise. Fill in the Excel spreadsheet provided via the link below to provide your answers to parts a, b, and c. Then paste the Excel data into a Word document on which you can… read more
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Hi Jawaad, First thank you so much for your last answer I truly apprecHi Jawaad, First thank you so much for your last answer I truly appreciate it as I'm traveling for work these past few weeks and its been hard to speand the kind of time I need to on these questions. … read more
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For Business Tutor-Question 2 (Equity Transactions andFor Business Tutor-Question 2 (Equity Transactions and Statement Preparation) On January 5, 2010, Phelps Corporation received a charter granting the right to issue 5,000 shares of $100 par value, 8% c… read more
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For Business Tutor-Question 4 (Computation of Basic andFor Business Tutor-Question 4 (Computation of Basic and Diluted EPS) Charles Austin of the controller's office of Thompson Corporation was given the assignment of determining the basic and diluted ear… read more
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forlinda Super Ram Computer Company has total liabilitiesforlinda Super Ram Computer Company has total liabilities of $40,000, total assets of $300,000 and contributed capital of $120,000. What is the amount of retained earnings… read more
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On October 31, the stockholders equity section of Beta CompanyOn October 31, the stockholders' equity section of Beta Company consists of common stock $600,000 and retained earnings $800,000. Beta is considering the following two courses of action: (1) declaring… read more
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5. (Points: 1) Kirova Company has provided the following5. (Points: 1) Kirova Company has provided the following information: • Number of issued common shares, 900,000; • Net income, $1,000,000; • Number of authorized common shares, 1,000,000; • Number of … read more
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3. The December 31, 2009, balance sheet of the Kramer Company3. The December 31, 2009, balance sheet of the Kramer Company had Accounts Receivable of $650,000 and a credit balance in Allowance for Doubtful Accounts of $33,000. During 2010, the following transac… read more
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Alexa Corporation recently organized. The company issued commonAlexa Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $53,000. In addition, Alexa received cash for both 5,000 shares of … read more
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" For Business Tutor, I need this question and one other one" For Business Tutor, I need this question and one other one ASAP, the next one I will give you 48 hours.. Thanks Chapter 8 Problems Problem 8-18 Recording and reporting stock transactions and cash di… read more
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For Neo 16) Capital stock to which the charter has assignedFor Neo 16) Capital stock to which the charter has assigned a value per share is called 17) ABC, Inc. has 1,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par val… read more
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Issuing stock and preparing the stockholders equity sectionIssuing stock and preparing the stockholders' equity section of the balance sheet Lincoln-Priest, Inc., was organized in 2011. At December 31, 2011, the Lincoln-Priest balance sheet reported the follo… read more
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Arnold Corporation has been authorized to issue 40,000 sharesArnold Corporation has been authorized to issue 40,000 shares of $100 par value, 8%, noncumulative preferred stock and 2,000,000 shares of no-par common stock. The corporation assigned a $5 stated val… read more
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For Business Tutor- 48 hour Deadline Part 2 P12-30A IssuingFor Business Tutor- 48 hour Deadline: Part 2 P12-30A Issuing stock and preparing the stockholders' equity section of the balance sheet. Lincoln-Priest, Inc., was organized in 2011. At December 31, 201… read more
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Provide the general journal entries to record the necessaryProvide the general journal entries to record the necessary information based on each scenario below. Use a electronic spreadsheet program to record your answers. In addition, use the following accoun… read more
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Common stock $25 par value, 100,000 shares authorized, 45,0001:Common stock—$25 par value, 100,000 shares authorized, 45,000 shares issued and outstanding . . . . . . . . . . . . . . . . . . . . . . $1,125,000 Paid-in capital in excess of par value, common stoc… read more
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