This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 edition. Excerpt: ...stock. Give the probable entries disposing of this account. 9. Illustrate the entries disposing of net revenue or net loss in the case of: (1) a single-proprietor enterprise; (2) a partnership; and (3) a corporation. 10. The following represents one side of a corporation's balance sheet on December 31, 1915: ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 edition. Excerpt: ...stock. Give the probable entries disposing of this account. 9. Illustrate the entries disposing of net revenue or net loss in the case of: (1) a single-proprietor enterprise; (2) a partnership; and (3) a corporation. 10. The following represents one side of a corporation's balance sheet on December 31, 1915: Capital Stock $280,000 Bonds 165,000 Notes and Accounts Payable 220,000 Other Current Liabilities 12,600 $677,600 The assets total $649,400. Stock and bonds were sold at par. The Expense and Revenue account December 31, 1916, shows a credit balance of $3,500. Interest requirements amount to $9,300. Assuming these charges are all met, journalize. Prepare a balance sheet as at December 31, 1916. 11. The expense and revenue statement of the Borden Realty Company shows a net revenue of $10,000. The directors order this entire amount transferred to surplus. A dividend of $5,000 is appropriated. This dividend is paid. Journalize. xa. The balance sheet of a corporation shows the following figures in the right-hand column: Capital Stock............... $2,500,000 Bonded Debt............... 800,000 Notes Payable............... 50,000 Current Liabilities........... 67,000 Surplus.................... 200,000 $3,617,000 The directors declare a stock dividend of $125,000, a cash dividend of $40,000, and make an appropriation to Sinking Fund Reserve of $50,000. Give entries. Have you any criticism to pass on this action? 13. Explain the use of a surplus or undivided profits account to stabilize dividends. 14. Argue that a dividend payable balance is a liability and at the same time an item of proprietorship. -5. What are the practical reasons for the issue of stock dividends? 16. A bond issue of the Zenith Manufacturing Company carries a provision in...
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Add this copy of Problems and Exercises in Accounting to cart. $16.27, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Legare Street Press.
Add this copy of Problems and Exercises in Accounting to cart. $26.22, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2022 by Legare Street Press.
Add this copy of Problems and Exercises in Accounting to cart. $27.44, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Legare Street Press.
Add this copy of Problems and Exercises in Accounting to cart. $39.52, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2022 by Legare Street Press.
