Recent Homework Questions About Accounting
What is the total stockholders' equity based on the following account balances? Common Stock $450,000 Paid-In Capital in Excess of Par 90,000 Retained Earnings 190,000 Treasury Stock 10,000 Answer A.$740,000 B.$730,000 C.$720,000 D.$640,000
Saturday, June 8, 2013 at 2:15pm
The financial loss that each stockholder in a corporation can incur is usually limited to the amount invested by the stockholder. Answer True False
Saturday, June 8, 2013 at 2:14pm
Samuels, Inc. reported net income for 2011 is $105,000. During 2011 the company had 5,000 shares of $100 par, 5% preferred stock and 20,000 of $5 par common stock outstanding. Samuels earnings per share for 2011 is Answer $4.00 $5.25 $6.50 $5.00
Saturday, June 8, 2013 at 2:13pm
Entries for Stock Dividends Organic Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Organic Life Co.: Common stock (250,000 shares authorized), $125 par, $17,500,000; Paid-In Capital in excess of par...
Friday, June 7, 2013 at 10:32pm
Effect of Stock Split Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 100,000 shares of common stock outstanding, declared a 5-for-1 stock split (4 additional shares for each ...
Friday, June 7, 2013 at 10:31pm
EPS Malen Arts, Inc., had earnings of $133,750 for 2012. The company had 25,000 shares of common stock outstanding during the year. In addition, the company issued 10,000 shares of $100 par value preferred stock on January 3, 2012. The preferred stock has a dividend of $4 per ...
Friday, June 7, 2013 at 10:30pm
On November 30, the payroll register of Webster & Smith indicated the following information: Determine the amount of Social Security and Medicare taxes to be withheld. Round your answers to one decimal place. Social Security Tax=$ Medicare Tax=$136,30 I cannot figure out how ...
Wednesday, June 5, 2013 at 12:32am
netoftax=.08*500,000(1-.4)=24,000 check that, I did it in my head. effective inerest rate=24/500= 4.8 percent
Tuesday, June 4, 2013 at 9:02pm
The Bank Account as a control device that helps to protect cash. One of the requirements is to conduct periodic bank statement reconciliations. Using the following data, complete a bank statement reconciliation or EEE Electric for the month of September. The Bank ...
Monday, June 3, 2013 at 6:51pm
XYZ Company signed an 18-month, $20,000, 8% note on June 1, 2006. The amount of interest to be accrued on December 31, 2006, assuming no prior interest entry is:
Monday, June 3, 2013 at 6:47pm
Which account(s) must be analyzed to determine the proceeds from the sale of a building? How is this cash flow classified?
Sunday, June 2, 2013 at 4:42pm
Mike purchases a heavy-duty truck (5-year class recovery property) for his delivery service on April 30, 2010. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations. The truck has a depreciable basis of $39,080...
Saturday, June 1, 2013 at 10:41pm
XYZ Manufacturing, Inc., located in Centervale, uses the calendar year and the cash method of accounting. On December 31, 2010, XYZ made the following cash payments: $100,000 for a two-year office lease beginning on February 1, 2011 $58,000 of inventory items held ...
Thursday, May 30, 2013 at 6:47pm
The following is an excerpt from a conversation between the office manager, Mark Cottman and the president of Horowitz Construction Supplies, Co., Rosa Mullin. Horowitz sells building supplies to local contractors. Mark: Rosa, were going to have to do something about ...
Wednesday, May 29, 2013 at 9:14am
Account for warranties. Key Company offers a three-year warranty on its premium door locks. During the year, the company had sales of $100,000. Related to the sales, warranty costs should be approximately $3,000 per year. How much warranty expense related to these sales will ...
Sunday, May 26, 2013 at 9:45am
I suggest you hold your questions until the ones you've posted are answered. Very few of our accounting questions are answered. We don't have any accountants who volunteer to help students here.
Saturday, May 25, 2013 at 9:08pm
accounting please help!
Casey Company's bank statement shows a blank balance of $43267. The statement shows a blank service charge of $50. Casey's book balance show outstanding checks of $5288 and deposits in transit of $9325. The bank-side reconciliation would show cash of: A. 47304 B. 39230...
Saturday, July 7, 2012 at 11:04am
accounting information system
a)The implications are clearly written in the textbook b)You would expect to see alot of changes c)It's written in the textbook.
Thursday, May 31, 2012 at 7:47am
Thursday, February 11, 2010 at 11:14am