Questions from College Accounting

Q: From the following information, determine the book value per share for

From the following information, determine the book value per share for preferred and common stock assuming $14,800 of dividends are in arrears on the preferred stock. Stockholders’ Equity Preferred 6...

Q: Given the following stockholders’ equity: Common Stock, $

Given the following stockholders’ equity: Common Stock, $6 par value, authorized 106,000 shares, 82,000 shares issued and outstanding ……&acir...

Q: Explain the difference between a stock dividend and a stock split.

Explain the difference between a stock dividend and a stock split.

Q: From the following, prepare in proper form a statement of retained

From the following, prepare in proper form a statement of retained earnings for Thomas Company for the year ended December 31, 2015.

Q: On July 1, 201X, Good now Corporation issued $700

On July 1, 201X, Good now Corporation issued $700,000 of 6%, 30-year bonds to lenders at par (100). Interest is to be paid semiannually on January 1 and July 1. Journalize the following entries: a. I...

Q: Hathaway Corporation issued $320,000 of 12%, 25-

Hathaway Corporation issued $320,000 of 12%, 25-year bonds at 93 on May 1, 201X, with semiannual interest payable on May 1 and November 1. Amortization of discount is by the straight-line method. Reco...

Q: Redo the journal entries for Exercise 20A-3, assuming that

Redo the journal entries for Exercise 20A-3, assuming that bonds sold at 102. Exercise 20A-3: Hathaway Corporation issued $320,000 of 12%, 25-year bonds at 93 on May 1, 201X, with semiannual interes...

Q: On July 1, Henry Corporation issued 10%, 10-year

On July 1, Henry Corporation issued 10%, 10-year bonds with a face value of $109,000 for $96,520 because the current market rate is 12%. Record the following entries, assuming that the interest method...

Q: On January 1 Boxer Corporation sold $340,000 of 10

On January 1 Boxer Corporation sold $340,000 of 10-year sinking fund bonds. The corporation expects to earn 5% on the sinking fund balance and is required to deposit $23,608 at the end of each year wi...

Q: From the following, calculate the net cash flows from operating activities

From the following, calculate the net cash flows from operating activities (use the indirect method):