Questions from Financial Accounting

Q: At December 31, 2011, the records of NCIS Corporation provided

At December 31, 2011, the records of NCIS Corporation provided the following selected and incomplete data: Common stock (par $10; no changes during the year). Shares authorized, 200,000. Shares issued...

Q: Witt Corporation received its charter during January 2011. The charter authorized

Witt Corporation received its charter during January 2011. The charter authorized the following capital stock: Preferred stock: 10 percent, par $10, authorized 21,000 shares Common stock: par $8, aut...

Q: King Corporation began operations in January 2011. The charter authorized the

King Corporation began operations in January 2011. The charter authorized the following capital stock: Preferred stock: 10 percent, $10 par, authorized 40,000 shares Common stock: $5 par, authorized...

Q: The following press release was issued by Haynes International:

The following press release was issued by Haynes International: NEW YORK, March 19 (Reuters)—Haynes International Inc., a producer of high-performance nickel and cobalt-based alloys, on Monday raised...

Q: United Resources Company obtained a charter from the state in January 2011

United Resources Company obtained a charter from the state in January 2011, which authorized 200,000 shares of common stock, $1 par value. During the first year, the company earned $475,000 and the fo...

Q: Tim Hortons restaurants operate in a variety of formats. A standard

Tim Hortons restaurants operate in a variety of formats. A standard Tim Hortons restaurant is a freestanding building typically ranging in size from 1,400 to 3,090 square feet with a dining room and s...

Q: 1. Compare a stock dividend with a cash dividend.

1. Compare a stock dividend with a cash dividend. 2. Compare a large stock dividend with a small stock dividend. 3. Describe the impact of the sale of treasury stock for more than cost on the income s...

Q: Explain the distinction between par value and no-par value capital

Explain the distinction between par value and no-par value capital stock.

Q: On January 1, 2011, Victor Corporation sold a $1

On January 1, 2011, Victor Corporation sold a $1,400,000, 8 percent bond issue (6 percent market rate). The bonds were dated January 1, 2011, pay interest each June 30 and December 31, and mature in f...

Q: What are the two basic sources of stockholders’ equity? Explain each

What are the two basic sources of stockholders’ equity? Explain each.