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Q: Distinguish among: cash dividends, property dividends, liquidating dividends,

Distinguish among: cash dividends, property dividends, liquidating dividends, and stock dividends.

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Q: Angela Corporation issues 2,000 convertible bonds at January 1,

Angela Corporation issues 2,000 convertible bonds at January 1, 2011. The bonds have a three-year life, and are issued at par with a face value of $1,000 per bond, giving total proceeds of $2,000,000....

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Q: The following is a summary of all relevant transactions of Vicario Corporation

The following is a summary of all relevant transactions of Vicario Corporation since it was organized in 2012. In 2012, 15,000 shares were authorized and 7,000 shares of common stock ($50 par value) w...

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Q: Myers Company provides you with the following condensed balance sheet information.

Myers Company provides you with the following condensed balance sheet information. Instructions For each transaction below, indicate the dollar impact (if any) on the following five items: (1) Total...

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Q: The books of Conchita Corporation carried the following account balances as of

The books of Conchita Corporation carried the following account balances as of December 31, 2012. Cash …………………………………………………………………………………………………… $ 195,000 Preferred Stock (6% cumulative, nonparticipating...

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Q: Washington Company has the following stockholders’ equity accounts at December 31,

Washington Company has the following stockholders’ equity accounts at December 31, 2012. Common Stock ($100 par value, authorized 8,000 shares) ………… $480,000 Retained Earnings ………………………………………………………………...

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Q: Before Gordon Corporation engages in the treasury stock transactions listed below,

Before Gordon Corporation engages in the treasury stock transactions listed below, its general ledger reflects, among others, the following account balances (par value of its stock is $30 per share)....

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Q: Seles Corporation’s charter authorized issuance of 100,000 shares of $

Seles Corporation’s charter authorized issuance of 100,000 shares of $10 par value common stock and 50,000 shares of $50 preferred stock. The following transactions involving the issuance of shares of...

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Q: Hatch Company has two classes of capital stock outstanding: 8%,

Hatch Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2012, the following accounts were included in stockholders’ equity. Preferred Stock...

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Q: Clemson Company had the following stockholders’ equity as of January 1,

Clemson Company had the following stockholders’ equity as of January 1, 2012. Common stock, $5 par value, 20,000 shares issued …………………….. $100,000 Paid-in capital in excess of par—common stock …………………...

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