COMPREHENSIVE EXAMINATION D

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COMPREHENSIVE EXAMINATION D
  • COMPREHENSIVE EXAMINATION D

  • Answers • 10 pages • 2020
  • Problem Topic Time D-I Treasury Stock. 20 min. D-II *Cash Dividends. 10 min. D-III Stock Dividends and Stock Splits. 10 min. D-IV Earnings Per Share Concepts. 10 min. D-V Earnings Per Share Computations. 10 min. D-VI Basic and Diluted Earnings Per Share. 20 min. D-VII Available-for-Sale Equity Securities. 15 min. D-VIII Trading Securities. 30 min. 125 min. *Part of this topic is dealt with in an Appendix to the chapter. Problem D-I — Treasury Stock The stockholders...
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COMPREHENSIVE EXAMINATION D
  • COMPREHENSIVE EXAMINATION D

  • Exam (elaborations) • 10 pages • 2020
  • Problem D-I — Treasury Stock The stockholders' equity section of Carey Co.'s balance sheet at December 31, 2012, was as follows: Common stock--$10 par (authorized 1,000,000 shares, issued and outstanding 600,000 shares) $ 6,000,000 Paid-in capital in excess of par 1,500,000 Retained earnings 3,250,000 $10,750,000 Instructions Prepare journal entries (1, 2, and 4) and show proper disclosure (3) to reflect the following treasury stock transactions showing how each is accounted f...
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