ACCT 221
University Of Maryland - Baltimore
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Examen
ACCT 221 Homework 1 Graded.docx
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---12agosto 20212021/2022A+
- Question 1 3 / 6 points 
The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On June 1, 2017 
Alpha issued an additional 4,500 shares of common stock. The Common Stock is $5 par. There was 
neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $10,000 
on January 1 and $15,000 on June 2 and net income was $124,700. Use this information to determine 
for December 31, 2017 the amount of:
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Derrigolised
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Examen
ACCT 221 - Homework 2 Quiz. Questions and Answers.
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---13agosto 20212021/2022A+
- ACCT 221 - Homework 2 Quiz. Questions and Answers. 
 
Quiz Submissions - Homework #2 
Question 1 12 / 14 points 
On January 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo- 
Zulu Company for $250,000. This investment balance represents 25% of the equity of the Bravo-Zulu 
Company. During 2017, Bravo-Zulu Company reported Net Income of $25,000 on November 15, 2017 
Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. Use this information t...
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