Category: business-managerial-accounting

Order the answer to: On July 1, 2011, Kosa, a new corporation, issued 20,000

business-managerial-accounting

Order the answer to: On July 1, 2011, Kosa, a new corporation, issued 20,000

Posted By George smith

Question
On July 1, 2011, Kosa, a new corporation, issued 20,000 shares of its common stock to finance a corporate Headquarters building. The building has a fair market value of $600,000 and a book value of $400,000. Because Kosa is a new corporation,

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Order the answer to: Power Net Company is authorized to issue 50,000 shares of

business-managerial-accounting

Order the answer to: Power Net Company is authorized to issue 50,000 shares of

Posted By George smith

Question
Power Net Company is authorized to issue 50,000 shares of common stock. On August 1, the company issued 2,500 shares at $25 per share. Prepare entries in Journal form to record the issuance of stock for cash under each of the following

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Order the answer to: Dylan Corporation pays dividends at the end of each year.

business-managerial-accounting

Order the answer to: Dylan Corporation pays dividends at the end of each year.

Posted By George smith

Question
Dylan Corporation pays dividends at the end of each year. The dividends that it paid for 2010, 2011, and 2012 were $80,000, $60,000, and 180,000, respectively. Calculate the total amount of dividends Dylan Corporation paid in each of these years to its

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Order the answer to: Ghana Corporation has 10,000 shares of its $100 par value,

business-managerial-accounting

Order the answer to: Ghana Corporation has 10,000 shares of its $100 par value,

Posted By George smith

Question
Ghana Corporation has 10,000 shares of its $100 par value, 7 percent cumulative preferred stock outstanding and 50,000 shares of its $1 par value common stock outstanding. In Ghana’s first four years of operation, its board of directors paid cash dividends as

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Order the answer to: Avena Corporation has 250,000 authorized shares of $1 par value

business-managerial-accounting

Order the answer to: Avena Corporation has 250,000 authorized shares of $1 par value

Posted By George smith

Question
Avena Corporation has 250,000 authorized shares of $1 par value common stock, of which 100,000 are issued, including 10,000 shares of treasury stock. On October 15, the corporation’s board of directors declared a cash dividend of $0.50 per share payable on November

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Order the answer to: Pine Corporation secured authorization from the state for 100,00

business-managerial-accounting

Order the answer to: Pine Corporation secured authorization from the state for 100,00

Posted By George smith

Question
Pine Corporation secured authorization from the state for 100,000 shares of $10 par value common stock. It has 40,000 shares issued and 35,000 shares outstanding. On June, 5 the board of directors declared a $0.25 per share cash dividend to be paid

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Order the answer to: Shark School Supply Corporation was organized in 2011. It was

business-managerial-accounting

Order the answer to: Shark School Supply Corporation was organized in 2011. It was

Posted By George smith

Question
Shark School Supply Corporation was organized in 2011. It was authorized to issue 200,000 shares of no-par common stock with a stated value of $5 per share, and 40,000 shares of $100 par value, 6 percent noncumulative preferred stock. On march 1,

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Order the answer to: Indicate whether each of the following characteristics is more c

business-managerial-accounting

Order the answer to: Indicate whether each of the following characteristics is more c

Posted By George smith

Question
Indicate whether each of the following characteristics is more closely associated with common stock (C) or preferred stock (P): 1. Often receives dividends at a set rate. 2. Is considered the residual equity of a company 3. Can be callable 4. Can

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Order the answer to: The following accounts and balances are from the records of

business-managerial-accounting

Order the answer to: The following accounts and balances are from the records of

Posted By George smith

Question
The following accounts and balances are from the records of Stuard Corporation on December 31, 2011: Preferred stock, $100 par value, 9 percent cumulative, 10,000 shares authorized, 3,000 shares issued and outstanding …. $300,000 Common stock, $12 par value, 45,000 shares authorized,

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Order the answer to: In 2011, Rainbow Corporation earned $8.80 per share and paid

business-managerial-accounting

Order the answer to: In 2011, Rainbow Corporation earned $8.80 per share and paid

Posted By George smith

Question
In 2011, Rainbow Corporation earned $8.80 per share and paid a dividend of $4.00 per share. At year end, the price of its stock was $132 per share. Calculate the dividends yield and the price/earnings ratio.

Subject
business-managerial-accounting


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