Questions from General Accounting


Q: Permabilt Corp. was incorporated on January 1, 2010, and

Permabilt Corp. was incorporated on January 1, 2010, and issued the following stock for cash: 3,600,000 shares of no-par common stock were authorized; 1,050,000 shares were issued on January 1, 2010...

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Q: On May 4, 2010, Docker, Inc., purchased 800

On May 4, 2010, Docker, Inc., purchased 800 shares of its own common stock in the market at a price of $18.25 per share. On September 19, 2010, 600 of these shares were sold in the open market at a pr...

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Q: On January 1, 2010, Metco, Inc., had issued

On January 1, 2010, Metco, Inc., had issued an outstanding 574,600 shares of $2 par value common stock. On March 15, 2010, Metco, Inc., purchased for its treasury 4,400 shares of its common stock at a...

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Q: Enter the following column headings across the top of a sheet of

Enter the following column headings across the top of a sheet of paper: Enter the transaction letter in the first column and show the effect (if any) of each of the following transactions on each fi...

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Q: Enter the following column headings across the top of a sheet of

Enter the following column headings across the top of a sheet of paper: Enter the transaction letter in the first column and show the effect (if any) of each of the following transactions on each fi...

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Q: Enter the following column headings across the top of a sheet of

Enter the following column headings across the top of a sheet of paper: Enter the transaction letter in the first column and show the effect (if any) of each of the following transactions on each fi...

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Q: Enter the following column headings across the top of a sheet of

Enter the following column headings across the top of a sheet of paper: Enter the transaction letter in the first column and show the effect (if any) of each of the following transactions on each fi...

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Q: Kenisha Morgan owns and operates Morgan’s Furniture Emporium, Inc. The

Kenisha Morgan owns and operates Morgan’s Furniture Emporium, Inc. The balance sheet totals for assets, liabilities, and owner’s equity at August 1, 2010, are as in...

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Q: Following are comparative statements of cash flows, as reported by The

Following are comparative statements of cash flows, as reported by The Coca-Cola Company in its 2008 annual report: Required: a. Briefly review the consolidated statements of cash flows, and then pr...

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Q: Refer to the consolidated statements of cash flows on page 689 of

Refer to the consolidated statements of cash flows on page 689 of the Intel Corporation annual report in the appendix. consolidated statements: Required: a. Identify the two most significant source...

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