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Type: Posts; User: santys72

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  1. Answers
    5
    Views
    10,041

    Yes, that is correct. Hope you have it this...

    Yes, that is correct.

    Hope you have it this time
  2. Answers
    1
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    51,947

    Assets - Liabilities = Stockholders Equity ...

    Assets - Liabilities = Stockholders Equity

    Stockholders Equity = Common Stock + Retained Earnings + APIC (Additional Paid in Capital)

    Capital Stock= Common Stock + APIC + preferred Stock
    ...
  3. Answers
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    685

    For 2005: Assets - Liabilities = Stockholders...

    For 2005:
    Assets - Liabilities = Stockholders equity
    350,000 - 80000 $270,000
    Stockholders equity = $270,000
    Less: Capital Stock - $210,000
    Retained Earnings - $60,000 - 2005

    For 2006
    Net...
  4. Answers
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    10,041

    The answer you have from aahuja1 is correct. ...

    The answer you have from aahuja1 is correct.

    Retained Earnings is affected by the following transactions:

    Retained Earnings Beginning of the Period
    Less (Plus) previous period accounting...
  5. Answers
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    5,173

    When a company distibutes stock dividends, you...

    When a company distibutes stock dividends, you need to have into account the % of dividends that is going to issue. If the stock dividends is 20-25% then you need to use the Fair Value of the stock....
  6. Answers
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    8,425

    Previous years Accounting errors are reported in...

    Previous years Accounting errors are reported in Retained Earnings. They are reported as adjustement to the beginning balance of retained earnings. Accouting errors are not part of Income from...
  7. Answers
    1
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    1,461

    Using the Book Value Method: Dr: Bonds...

    Using the Book Value Method:

    Dr: Bonds Payable $6,000,000
    DR: Discount $525,000
    Cr: Common Stock $4,800,000
    ...
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