Dec 19, 2020 | Uncategorized
Par Value & Retained EarningsKC issued 40,000 shares of its $8 par value common stock for $9 on Jan 1, 2002. KC repurchased 1,000 shares at $8 per share on Apr 1, 2003, resold 500 shares at $9 per share on July 1, 2003, and on Oct 1, 2003, resold the final 500...
Dec 19, 2020 | Uncategorized
Accounting Business CombinationsBusiness CombinationsA merger boom comparable to those of the 1960s and mid-1980s occurred in the 1900s and into the new century. The merger activity of the 1960s was associated with increasing stock prices and heavy use of pooling of...
Dec 19, 2020 | Uncategorized
Concord Corporation made the following purchases of investments during 2017, the first year in which Concord invested in equity securities:1.On January 15, purchased 6,390 shares of Nirmala Corp.’s common shares at $23.79 per share plus commission of $1,406.2.On...
Dec 19, 2020 | Uncategorized
For accounting purposes, depreciation is a process of allocating an asset’s cost over it’s useful life, thereby helping ensure an appropriate matching of revenue and expense. Discuss and compare the various alternatives for calculating this depreciation...
Dec 19, 2020 | Uncategorized
You are the VP of internal auditing for your company and you find out that the CFO may have been manipulating the numbers to make them look better to increase bonuses for all the executives. What should be your next few steps? Why?
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