Professional Documents
Culture Documents
East Coast Pool and Spa Ltd a retailer of pools East Coast Pool and Spa Ltd., a retailer of pools
and spas, had 24,000 $2.50 preferred shares and 100,000 common shares. During 2015, the
company declared $110,000 in dividends. Determine the distribution of dividends on each class
of share and […]
During 2015 Emmerson Construction Ltd earned 387 456 in revenue incurred During 2015,
Emmerson Construction Ltd. earned $387,456 in revenue, incurred $219,364 in expenses, and
declared cash dividends of $50,000. Journalize the closing entries for Emmerson Construction
Ltd. on December 31, 2015. During 2015 Emmerson Construction Ltd earned 387 456 […]
Cassandra and Jefferson decided to incorporate their partnership On March Cassandra and
Jefferson decided to incorporate their partnership. On March 28, they paid a lawyer $1,500 to
file the articles of incorporation. On April 3, they paid a local advertising firm $3,750 to promote
their new corporation. Journalize the entries […]
Ridge Crest Inc a developer of construction equipment has shares Ridge Crest Inc., a developer
of construction equipment, has shares outstanding as follows: 25,000 $2 cumulative preferred
shares and 72,000 common shares. During its first four years of operations, the following
amounts were distributed as dividends: first year, $40,000; second […]
On May 1 2015 Welland Fisheries Inc declared 235 000 in On May 1, 2015, Welland Fisheries
Inc. declared $235,000 in dividends, to be paid on July 3 to shareholders of record on June 5.
On June 5, 30,000 $4 preferred shares and 46,000 common shares were outstanding.
Determine the […]
Janice Rockover has been operating her flower shop as a Janice Rockover has been operating
her flower shop as a sole proprietorship for five years. She is currently trying to decide between
three options: continuing as a sole proprietorship, taking on a partner in her flower shop, and
incorporating the […]
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