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Accounting Help for College and University Students

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Journalize transactions and adjusting entries.

The following items were selected from among the transactions completed by Pride Polymers during the current year... 1. Journalize the transactions. 2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year: (a) Product warranty cost, $11,200 (b) Interest of the six remaining ...continues

Posting ID: 11645

Cumulative Problem 60 (Income Tax Accounting)

Cumulative Problem 60 (Income Tax Accounting)

Posting ID: 11702

Linear Programming

Linear Programming

Posting ID: 11721

Cash Budget - Butler Boat Company

(complete details in attached file) 1. Prepare a monthly cash budget and supporting schedules for August, September, and October. 2. On the basis of the cash budget prepared in (1), what recommendation should be made to the controller? The controller of Butler Boat Company instructs you t ...continues

Posting ID: 11940

Compute the weighted average number of common shares outstanding. Compute the basic earnings per share.

On December 31, 1998, Mistery Inc. had 450,000 shares of no-par common stock issued and outstanding. All shares were sold for $7.50. On June 30, 1999, the firm issued an additional 135,000 shares for $7.00 per share. The 1999 income was $319,200. On September 1, 2000, a 15% stock dividend was issued to all common shareholders. O ...continues

Posting ID: 11962

True/ False Questions and Multiple choice problems

Accounting/ Finance multiple choice and true/false

Posting ID: 11980

Merger of equals

Five years ago Daimler-Benz and Chrysler merged to form Daimler-Chrysler. On December 1, 2003, a trial began in Wilmington, Delaware in which Kirk Kerkorian, a large Chryler shareholder at the time of the merger, is seeking $1 billion to $2 billion damages from Daimler-Chrysler. The New York Times said: "Not since John and H ...continues

Posting ID: 12019

Share Rights

(a) In 60 words or less, describe (in generic form - no pun intended) the critical elements of a "poison pill" (or Share Rights Plan)? (b) Why would a BOD issue poison pill rights (or options) to its shareholders? (c) If you were the shareholder of a company, would you be in favor of your BOD issuing a poison pill? State ei ...continues

Posting ID: 12020

Asset purchase or subsidiary merger

Butler Chemical Company (manufacturer of industrial chemicals) has been struggling over the past few years with the stagnation of agricultural and commercial construction. The company has substantial debt outstanding and last week it disclosed that it may not be able to meet all of its debt obligations if business does not impr ...continues

Posting ID: 12021

Valuation Comparables

The CEO of CatCo (a feline products company) is (believe it or not) in a friendly merger discussion with the CEO of DogCo (a canine products company). As one would predict, CatCo wants to be the acquirer and is willing to pay a premium (more than current market value) for DogCo because CatCo believes substantial revenue and cos ...continues

Posting ID: 12022