Fundamentals Of Financial Accounting
Fundamentals Of Financial Accounting
6th Edition
ISBN: 9781259864230
Author: PHILLIPS, Fred, Libby, Robert, Patricia A.
Publisher: Mcgraw-hill Education,
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Chapter 11, Problem 2COP

1.

To determine

Prepare the necessary journal entries and adjusting entries of Company O.

1.

Expert Solution
Check Mark

Explanation of Solution

Journal: Journal is the method of recording monetary business transactions in chronological order. It records the debit and credit aspects of each transaction to abide by the double-entry system.

Rules of Debit and Credit: Following rules are followed for debiting and crediting different accounts while they occur in business transactions:

  • Debit, all increase in assets, expenses and dividends, all decrease in liabilities, revenues and stockholders’ equities.
  • Credit, all increase in liabilities, revenues, and stockholders’ equities, all decrease in assets, expenses.

Prepare journal entries of Company O for the given transaction as follows:

DateAccounts title and explanationRef.Debit ($)Credit ($)
January 1a.Salaries and wages payable 1,600 
      Cash  1,600
  (To record accrued salaries and wages paid to employees)   
January 2b.Vehicles 10,000 
      Cash  10,000
  (To record the vehicles purchased for cash)   
January 3c.Withheld income taxes payable 500 
  FICA payable 600 
      Cash  1,100
  (To record payroll withholdings and employer contribution)   
January 4d.Dividends(2) 3,075 
      Dividends payable  3,075
  (To record the dividends declared by board of directors)   
January 5e.Allowance for doubtful accounts 950 
      Accounts receivable  950
  (To record uncollectable amounts written off)   
January 6f.Accounts receivables 27,825 
      Sales revenue(3)  26,250
      Sales tax payable(4)  1,575
  (To record sales made on account and sales tax charged)   
  Cost of goods sold(5) 11,725 
      Inventory  11,725
  (To record the amount of inventory written off against the cost of goods sold)   
January 7g.Sales tax payable 500 
      Cash  500
  (To record sales tax collected from customer)   
January 8h.Cash 2,400 
      Treasury stock  2,400
  (To record the 300 treasury stock purchased at $8 each)   
January 9i.Cash 8,500 
      Accounts receivable  8,500
  (To record the cash received from the customer)   
January 10j.Dividends payable 3,075 
      Cash  3,075
  (To record the dividends paid to stockholders)   
January 11k.Inventory 4,410 
      Accounts payable  4,410
  (To record the inventory purchased on account)   
January 12l.Depreciation expense(7) 200 
      Accumulated depreciation - Equipment  200
  (To record the depreciation expense incurred during year)   
  Cash 23,000 
  Accumulated depreciation-Equipment(8) 2,600 
      Equipment  25,000
      Gain on disposal(9)  600
  (To record the sale of equipment and the gain from the sales)   
January 13m.Salaries and wages expense 2,000 
  Payroll tax expense (10) 200 
      Withheld income tax payable  250
      FICA payable (11)  300
      Unemployment tax payable  50
      Cash (12)  1,600
  (To record salaries and wages expense paid during the year)   
January 14n.Notes payable 22,000 
  Interest payable 495 
  Interest expense 90 
      Cash  22,585
  (To record cash paid to creditors along with interest)   
January 27o.Accounts receivable 4,770 
      Sales revenue (13)  4,500
      Sales tax payable (14)  270
  (To record sales made on account and sales tax charged)   
  Cost of goods sold (15) 1,910 
      Inventory  1,910
  (To record the amount of inventory written off against the cost of goods sold)   
January 29p.Deferred revenue 3,750 
      Sales revenue (16)  3,750
  (To record the sales revenue recognized during the year)   
  Cost of goods sold (17) 1,575 
      Inventory  1,575
  (To record the amount of inventory written off against the cost of goods sold)   
January 30q.Cash 81,420 
  Discount on bonds payable 8,580 
      Bonds payable  90,000
  (To record the cash borrowed against the bonds)   
January 31r.Depreciation expense (18) 380 
      Accumulated depreciation-Vehicles  380
  (To record the depreciation expense incurred during the year)   
January 31s.Bad debt expense(19) 693 
      Allowance for doubtful accounts  693
  (To record the bad debt expense incurred during the year)   
January 31t.Rent expense 1,600 
      Prepaid rent  1,600
  (To record the rent expense incurred during the year)   
January 31u.Salaries and wages expense 2,000 
  Payroll tax expense (10) 200 
      Withheld income tax payable  250
      FICA payable (11)  300
      Unemployment tax payable  50
      Salaries and wages payable  1,600
  (To record accrued salaries and wages expense during the year)   
January 31v.Income tax expense 3,750 
      Income tax payable  3,750
  (To record the income tax expense incurred during the current year)   

Table (1)

Working note (1):

Calculate the number of outstanding share.

Number of outstanding shares }[(Total common stockPar value per share)Treasury share purchased]=[$13,3002]500 shares=6,650 shares500 shares=6,150 shares

Working note (2):

Calculate the amount of dividends:

Number of outstanding shares is 6,150 shares (1).

Dividends per share are $0.50.

Dividends = Number of outstanding share×Cash dividends per share=6,150 shares×$0.50=$3,075

Working note (3):

Calculate the amount of sales revenue:

Sales revenue = Sales value of inventory per unit×Total inventory sold=$150 per unit×175 units=$26,250

Working note (4):

Calculate the value of sales tax payable.

Sales tax payable = Sales value of invetory×Percentage of sales tax=$26,250 (3)×6100=$1,575

Working note (5):

Calculate the cost of goods sold:

Inventory per unit is $67 per unit ($12,060180 units).

Units delivered are 175 units.

Cost of goods sold = Units delivered×Inventory cost per unit=175 units×$67 per units=$11,725

Working note (6):

Calculate the value of annual depreciation expense:

Depreciation expense = Purchase value of equipment Residual valueExpected life=$25,000$1,0005=$4,800 per year

Working note (7):

Calculate the depreciation expense during the current year:

Current year depreciation expense} = Annual depreciation expense (6)×[Number of months usedTotal months in a year]=$4,800×0.5 (half of January month)12=$200

Working note (8):

Calculate the value of accumulated depreciation:

Accumulated depreciation = (Annual depreciation for prior year+Current year depreciation expense (7))=$2,400+200=$2,600

Working note (9):

Calculate the gain from sale of equipment:

Gain from sale of equipment = [Sales value (Purchase cost  Accumulated depreciation)]=$23,000($25,000$2,600)=$23,000$22,400=$600

Working note (10):

Calculate the amount of payroll tax expense:

Payroll tax expense = FICA tax+Unemployment tax=$150+$50=$200

Working note (11):

Calculate the value of FICA payable:

FICA payable = Employee contribution tax + Employer contribution tax=$150+$150=$300

Working note (12):

Calculate the value of cash paid behalf of salaries and wages expenses:

Amount of cash =(Gross payWithheld income taxesFICA employer contribution)=$2,000$250$150=$1,600

Working note (13):

Calculate the amount of sales revenue:

Sales revenue = Sales value of inventory per unit×Total inventory sold=$150 per unit×30 units=$4,500

Working note (14):

Calculate the value of sales tax payable:

Sales tax payable = Sales value of invetory×Percentage of sales tax=$4,500 (13)×6100=$270

Working note (15):

Calculate the cost of goods sold:

Inventory per unit for first 5 units is $67 per unit ($12,060180 units).

Inventory per unit for last 25 units is $63 per unit ($4,41070 units).

Units delivered are 30 units.

Cost of goods sold = Units delivered×Inventory cost per unit=(5 units×$67 per unit)+(25 units×$63 per unit)=$335+$1,575=$1,910

Working note (16):

Calculate the value of deferred revenue:

Unearned revenue  = Sales price per unit×Number of unit=$150 per unit×25 units=$3,750

Working note (17):

Calculate the cost of goods sold:

Inventory per unit for last 25 units is $63 per unit ($4,41070 units)

Units delivered is 25 units

Cost of goods sold = Units delivered×Inventory cost per unit=(25 units×$63 per unit)=$1,575=$1,575

Working note (18):

Calculate the value of annual depreciation expense:

Depreciation expense = [(Purchase value of vehicle Residual valueTotal number of miles)×Number of miles during the year]=$10,000$050,000 miles×1,900 miles=$380

Working note (19):

Calculate the value of bad debt expenses:

Bad debt expense = (Accounts receivable (opening)Allowances for bad and doubtful debts+Sales revenue from 175 unitsCash received from customer+Sales revenue from 25 units)×Allowances perecentage=($8,250$950+$27,8258,500+$4,770)×2100=$31,395×2100=$628

Bad debt expense = Bad debts(Allowances for bad and doubtful debts (opening)Allowances for bad and doubtful debts (current))=$628($885$950)=$628+$65=$693

2.

To determine

Post the journal entries to T-accounts and prepare adjusted trial balance of Company O.

2.

Expert Solution
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Explanation of Solution

T-account: T-account refers to an individual account, where the increases or decreases in the value of specific asset, liability, stockholder’s equity, revenue, and expenditure items are recorded.

This account is referred to as the T-account, because the alignment of the components of the account resembles the capital letter ‘T’.’ An account consists of the three main components which are as follows:

  1. (a) The title of the account
  2. (b) The left or debit side
  3. (c) The right or credit side

Adjusted trial balance: Adjusted trial balance is a summary of all the ledger accounts, and it contains the balances of all the accounts after the adjustment entries are journalized, and posted.

T-accounts of company O are as follows:

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Prepare adjusted trial balance of Company O as follows:

Company O
Adjusted Trial balance
January 31
Account titlesDebit($)Credit($)
Cash$94,360  
Accounts Receivable31,395 
Allowance for Doubtful Accounts $628
Inventory1,260 
Prepaid Rent 0 
Equipment0 
Vehicles10,000 
Accumulated Depreciation—Equipment  0
Accumulated Depreciation—Vehicles  380
Accounts Payable 4,410
Sales Tax Payable 1,845
FICA Payable 600
Withheld Income Taxes Payable 500
Unemployment Taxes Payable 400
Salaries and Wages Payable 1,600
Deferred Revenue 750
Note Payable 0
Interest Payable 0
Income Taxes Payable 3,750
Dividends Payable 0
Bonds Payable 90,000
Discount on Bonds Payable8,580 
Common Stock  13,300
Additional Paid-In Capital, Common 19,210
Treasury Stock 1,600 
Retained Earnings 4,120
Dividends3,075 
Sales Revenue 34,500
Cost of Goods Sold15,210 
Salaries and Wages Expense4,000 
Rent Expense1,600 
Bad Debt Expense 693 
Depreciation Expense580 
Payroll Tax Expense400 
Interest Expense90 
Income Tax Expense3,750 
Gain on Disposal 600
 Totals$176,593$176,593

Table (2)

Conclusion

Therefore, the total of debit, and credit columns of adjusted trial balance is $176,593 and agreed.

3.

To determine

Prepare an income statement, statement of stockholders’ equity and classified balance sheet at the end of January.

3.

Expert Solution
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Explanation of Solution

Income statement: This is the financial statement of a company which shows all the revenues earned and expenses incurred by the company over a period of time.

Statement of stockholder's equity: This statement reports the beginning stockholder's equity and all the changes which led to ending stockholder's equity. Additional capital, net income from income statement is added to and drawings or dividends are deducted from beginning stockholder's equity to arrive at the end result, closing balance of stockholder's equity.

Classified balance sheet: This is the financial statement of a company which shows the grouping of similar assets and liabilities under subheadings.

Prepare an income statement of Company O as follows:

Company O
Income Statement
For the Month Ended January 31
 $
Sales Revenue$34,500
Less: Cost of Goods Sold15,210
Gross Profit19,290
Less: Salaries and Wages Expense4,000
Rent Expense1,600
Bad Debt Expense693
Depreciation Expense580
Payroll Tax Expense400
Loss (Gain) on Disposal(600)
Income from Operations12,617
Less: Interest Expense90
Income before Income Tax Expense12,527
Less: Income Tax Expense3,750
Net Income$8,777

Table (3)

Prepare a statement of stockholder’s equity of Company O as follows:

Company O
Statement of Stockholders’ Equity
For the Month Ended January 31
 Common StockAdditional Paid-In Capital, CommonRetained EarningsTreasurystock
 $$$$
Beginning13,30019,2104,1204,000
Stock Issuances---(2,400)
Net Income--8,777-
Dividends: Common--(3,075)-
Ending13,30019,2109,8221,600

Table (4)

Prepare a classified balance sheet of Company O as follows:

Company O
 Balance Sheet
 At January 31
 Assets: $
Current Assets:  
 Cash 94,360
 Accounts Receivable 31,395
 Allowance for Doubtful Accounts (628)
 Inventory 1,260
    Total Current Assets 126,387
Vehicles 10,000
Accumulated Depreciation  (380)
Total Assets136,007
 Liabilities and Stockholders’ Equity :
 Liabilities
 Current Liabilities:
 Accounts Payable 4,410
 Sales Tax Payable 1,845
 Salaries and Wages Payable 1,600
 FICA Payable 600
 Withheld Income Taxes Payable 500
 Unemployment Taxes Payable 400
 Deferred Revenue 750
 Income Taxes Payable 3,750
 Total Current Liabilities (a)13,855
 Bonds Payable 90,000
Discount on Bonds Payable  (8,580)
Total Liabilities 95,275
 Stockholders’ Equity
Common Stock 13,300
Additional Paid-In Capital, Common Stock 19,210
Retained Earnings 9,822
Treasury Stock (1,600)
           Total Stockholders’ Equity  (b)40,732
 Total Liabilities and Stockholders’ Equity  (a+b)136,007

Table (5)

4.

To determine

Calculate the total payroll cost for January of Company O’s.

4.

Expert Solution
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Explanation of Solution

Payroll tax: The costs incurred by an employer to pay the employee for his labor, including other employee benefits, plus the payroll taxes the employer pays to the government, are called payroll tax.

Company O’s total payroll cost is as follows:

Total payroll cost includes the salaries and wages expense and payroll tax expense.

Therefore, the total payroll cost is $4,400 (20).

Working note (20):

Calculate the value of total payroll cost:

Total payroll cost = Salaries and wages expense+Payroll tax expense=$4,000+$400=$4,400

5.

To determine

Describe whether the carrying value of bond is increased or decreased after recording the interest in February.

5.

Expert Solution
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Explanation of Solution

Bonds: Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond.

Describe whether the carrying value of bond is increased or decreased after recording the interest in February as follows:

The carrying value of the bond would increase after recording the interest in February because the interest expense of the bond will be greater than the interest payment. The difference between the interest expense and interest payment is recorded as a deduction in the discount on bonds payable and it is contra-liability account. Hence, the decrease in contra-liability account would increase the carrying value of bond reported on the balance sheet.

6.

To determine

State the interest payment that the company needs to pay annually on the bond.

6.

Expert Solution
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Explanation of Solution

Interest: Interest is the amount charged on the principal value, for the privilege of borrowing money. Interest is to be paid by the borrower, and to be received by the lender.

Calculate the amount of interest payment as follows:

Face value of bond is$90,000

Interest rate is 5%

Length of time is 1 year (12monts)

Interest payment = Face value of bond×Interest rate×Time period=$90,000×510×1212=$4,500

Conclusion

Therefore, the interest payment of bond (annually) is $4,500.

7.

To determine

Compute the recognized gain or loss on the issuance of treasury stock on January 8.

7.

Expert Solution
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Explanation of Solution

Treasury Stock:  It refers to the shares that are reacquired by the corporation that are already issued to the stockholders, but reacquisition does not signify retirement.

Compute the recognized gain or loss on the issuance of treasury stock on January 8 as follows:

In this case, no gain or losses are reported on the balance sheet for the treasury stock issued. Usually, the treasury stock is shown under the stockholder’s equity on the balance sheet as a contra entry. The gain or loss from the reissuance of treasury stock is recorded under the additional paid-in capital, and the reissuance is not reported in the income statement because they are not considered as profit-making activities.

8.

To determine

Prepare the journal entry for stock dividends.

8.

Expert Solution
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Explanation of Solution

Stock Dividend: Stock dividend refers to the dividends that are paid in the form of additional shares to stockholders rather than the cash.

Prepare the journal entry for stock dividends as follows:

When a 30% of stock dividends would be considered as a larger stock dividend:

DateAccounts title and explanationRef.Debit ($)Credit ($)
 Retained earnings (-SE) (21) 3,690 
 Common stock (+SE)  3,690
 (To record the stock dividend paid to stockholder’s)   

Table (6)

  • Retained earnings are a component of stockholder’s equity and it decreases the value of stockholder’s equity by $3,690. Hence, debit the retained earnings accounts for $3,690.
  • Common stock is component of stockholder’s equity and it increases the value of stockholder’s equity by $3,690. Hence, credit the common stock accounts for $3,690.

Working note (21):

Calculate the amount of stock dividends:

Stock dividends = (Outstanding common shares×Par value per share×Percentage of stock dividends)=6,150 shares×$2×30100=$3,690

9.

To determine

Prepare the journal entry for stock dividends.

9.

Expert Solution
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Explanation of Solution

Stock Dividend: Stock dividend refers to the dividends that are paid in the form of additional shares to stockholders rather than the cash.

Prepare the journal entry for stock dividends as follows:

When a 10% of stock dividends would be considered as a small stock dividend:

DateAccounts title and explanationRef.Debit ($)Credit ($)
 Retained earnings (-SE) (22) 3,075 
 Common stock (+SE)(23)  1,230
 Addition paid in capital  1,845
 (To record stock dividend paid to stockholder’s)   

Table (7)

  • Retained earnings are a component of stockholder’s equity and it decreases the value of stockholder’s equity by $3,075. Hence, debit the retained earnings accounts for $3,075.
  • Common stock is component of stockholder’s equity and it increases the value of stockholder’s equity by $1,230. Hence, credit the common stock accounts for $1,230.
  • Additional paid in capital is component of stockholder’s equity and it increases the value of stockholder’s equity by $1,845. Hence, credit the additional paid in capital accounts for $1,845.

Working note (22):

Calculate the amount of stock dividends utilized from retained earnings:

Stock dividends = (Outstanding common shares×Stock per share×Percentage of stock dividends)=6,150 shares×$5×10100=$3,075

Working note (22):

Calculate the amount of stock dividends transfer to common stock:

Stock dividends = (Outstanding common shares×Stock per share×Percentage of stock dividends)=6,150 shares×$2×10100=$1,230

10.

To determine

Show the way in which the total bond issuance proceeds of $81,420 were computed in item (q) by calculating the present value of (a) face value of investment and (b) the annual interest payment.

10.

Expert Solution
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Explanation of Solution

Present value: Present value refers to the present worth of the money that is received in future in a lump sum or as series of cash flows at a specified interest rate. When these future sums of money are discounted at a higher rate, the present value of the future cash flows gets lower.

(a) Face value of bond:

ParticularsAmount ($)
Face value of bond (a)$90,000
PV factor at an annual market rate of 7% for 6 periods (b)0.66634
Present value of face value of principal (a)×(b)$59,971

Table (8)

Therefore, the present value of principle amount of bond is $59,971.

(b) Annual interest payment:

ParticularsAmount ($)
Interest payments amount (a)(24)$4,500
PV factor at an annual market rate of 7% for 6 periods (b)4.76654
Present value of interest payments (a)×(b)$21,449

Table (9)

Therefore, the interest payment of bond is $21,449.

Working note (24):

Calculate the amount of annual interest payment:

Interest payament = Face value of bond×Interest rate×Time period=$90,000×510×1212=$4,500

11.

To determine

State the single lump sum amount that the company would have to invest now to reach $98,000 in three years.

11.

Expert Solution
Check Mark

Explanation of Solution

Present value: Present value refers to the present worth of the money that is received in future in a lump sum or as series of cash flows at a specified interest rate. When these future sums of money are discounted at a higher rate, the present value of the future cash flows gets lower.

Compute the present value of the given investment as follows:

ParticularsAmount ($)
Face value of investment (a)$98,000
Present factor of 7% for 3 periods (b)0.81630
Present value of investment (a)×(b)$79,997

Table (10)

Conclusion

Therefore, the present value of investment is $79,997.

12.

To determine

State the amount of cash that the company needs to invest equally at the end of each of the next three years to save $98,000.

12.

Expert Solution
Check Mark

Explanation of Solution

Future amount of single sum: The future amount of single sum is the sum of original amount and compound interest earned on the amount till a particular future date.

Future value of given investment is as follows:

ParticularsAmount ($)
Face value of investment (a)$98,000
Future annuity of 7% for 3 periods (b)3.21490
Future value of single sum annually ((a)(b))$30,483

Table (11)

Conclusion

Therefore, the future value of single sum of investment annually is $30,483 per year.

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Chapter 11 Solutions

Fundamentals Of Financial Accounting

Ch. 11 - What are the two financial requirements to support...Ch. 11 - What is the difference between cumulative and...Ch. 11 - What is a stock dividend? How does a stock...Ch. 11 - What are the primary reasons for issuing a stock...Ch. 11 - Your company has been very profitable and expects...Ch. 11 - Identify and explain four important dates with...Ch. 11 - Prob. 17QCh. 11 - How do stock repurchases affect the EPS and ROE...Ch. 11 - What is one interpretation of a high P/E ratio?Ch. 11 - Prob. 20QCh. 11 - Which feature is not applicable to common stock...Ch. 11 - Which statement regarding treasury stock is false?...Ch. 11 - Which of the following statements about stock...Ch. 11 - Which of the following is ordered from the largest...Ch. 11 - Prob. 5MCCh. 11 - A journal entry is not recorded on what date? a....Ch. 11 - Prob. 7MCCh. 11 - Prob. 8MCCh. 11 - Prob. 9MCCh. 11 - Prob. 10MCCh. 11 - Equity versus Debt Financing Indicate whether each...Ch. 11 - Computing the Number of Issued Shares Face 2 Face...Ch. 11 - Computing the Number of Unissued Shares The...Ch. 11 - Analyzing and Recording the Issuance of Common...Ch. 11 - Analyzing and Recording the Issuance of No-Par...Ch. 11 - Determining the Effects of Stock Issuance and...Ch. 11 - Determining the Amount of a Dividend Netpass...Ch. 11 - Recording Dividends On May 20, the board of...Ch. 11 - Determining the Impact of a Stock Dividend Sturdy...Ch. 11 - Determining the Impact of a Stock Split Complete...Ch. 11 - Determining the Amount of a Preferred Dividend...Ch. 11 - Determining the Amount of a Preferred Dividend...Ch. 11 - Calculating and Interpreting Earnings per Share...Ch. 11 - Inferring Financial Information Using the P/E...Ch. 11 - (Supplement 11A) Comparing Owner's Equity to...Ch. 11 - (Supplement 11B) Recording a Stock Dividend To...Ch. 11 - Computing Shares Outstanding The 2016 annual...Ch. 11 - Reporting Stockholders' Equity and Determining...Ch. 11 - Preparing the Stockholders' Equity Section of the...Ch. 11 - Reporting the Stockholders' Equity Section of the...Ch. 11 - Determining the Effects of the Issuance of Common...Ch. 11 - Recording and Reporting Stockholders' Equity...Ch. 11 - Finding Amounts Missing from the Stockholders'...Ch. 11 - Recording Treasury Stock Transactions and...Ch. 11 - Prob. 9ECh. 11 - Computing Dividends on Preferred Stock and...Ch. 11 - Recording Dividends and Preparing a Statement of...Ch. 11 - Analyzing Stock Dividends On December 31, the...Ch. 11 - Prob. 13ECh. 11 - Comparing 100 percent Stock Dividend and 2-for-1...Ch. 11 - Journalizing Cash Dividends Bogscraft Company has...Ch. 11 - Preparing a Statement of Retained Earnings and...Ch. 11 - Determining the Effect of a Stock Repurchase on...Ch. 11 - (Supplement 11 A) Comparing Stockholders' Equity...Ch. 11 - Prob. 19ECh. 11 - Analyzing Accounting Equation Effects, Recording...Ch. 11 - Recording Stock Dividends Activision Blizzard,...Ch. 11 - Finding Missing Amounts At December 31, the...Ch. 11 - Prob. 4CPCh. 11 - Prob. 5CPCh. 11 - Analyzing Accounting Equation Effects, Recording...Ch. 11 - Recording Cash Dividends National Chocolate Corp....Ch. 11 - Finding Missing Amounts At December 31, the...Ch. 11 - Calculating Common and Preferred Cash Dividends...Ch. 11 - Prob. 5PACh. 11 - Analyzing Accounting Equation Effects, Recording...Ch. 11 - Prob. 2PBCh. 11 - Prob. 3PBCh. 11 - Prob. 4PBCh. 11 - Prob. 5PBCh. 11 - Financial Reporting of Depreciation, Write-off,...Ch. 11 - Prob. 2COPCh. 11 - Prob. 1SDCCh. 11 - Prob. 2SDCCh. 11 - Prob. 4SDCCh. 11 - Prob. 5SDCCh. 11 - Critical Thinking: Making a Decision asan Investor...Ch. 11 - CC11 Accounting for Equity Financing Nicole has...
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