Choice between a stock or a cash dividend
If you had a choice between a stock or a cash dividend, which would you choose? Both are equal to $800. Back up you opinion with reasons. Please don't just say "I would choose stock", why would you choose stock?
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On January 1, Pete bought a used a used turck for $14,000. He added a tool chest and side racks for ladders for $4,800. The truck is expectedc to last four years and then be sold for $800. Pete uses straight line depreciation.
Sale of Property Received as a Gift. During the current year, Stan sells a tract of land for $800,000. The property was received as a gift from Maxine on March 10, 1995, when the property had a $310,000 FMV.
Describe how the perpetual inventory system works. What are some advantages of using the perpetual inventory system? Is is necessary to take physical inventory when using the perpetual system?
Partners A B C & D form a medical equipment leasing biz. on 1/1/08 each partner contributed $20k. The partnership borrowed $120k and along with the $80k of cash contributions, purchased x ray equipment for $200k.
Bond interest paid Oct. 31, 2009: How much cash paid in interest? How much is amortized? How much is interest expense?
The beginning work in process inventory was 70% complete with respect to materials and 25% complete with respect to conversion costs.
Jordyn Company borrows $600,000 cash from a bank and in return signs an installment note for five annual payments of equal amount, with the first payment due one year after the note is signed.
2011 March 31-Paid semiannual interest on the April 1 issue and amortized the premium applicable to the second half of second interest period.
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