Entries by Munene david

A professional accountant is prohibited from owning stock in a public

May 4, 2020 in /by

A professional accountant is prohibited from owning stock in a public company he audits.  This is because if he owned the stock, he would be considered to be violating the principle of: a.         Objectivity b.        Professional due care c.         Confidentiality d.        Integrity e.         All of the above   Looking for a Similar Assignment? Order now and Get 10% Discount! Use […]

 

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Fraud & data breaches can affect any firm. Retail firms have

May 4, 2020 in /by

Fraud & data breaches can affect any firm. Retail firms have felt the wrath of this. Even the Federal Government and credit reporting bureaus are not immune from outsiders breaking into systems and compromising data. Using the firm that you work for (or if you are not working, use a firm that you used to work […]

 

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On January 1, 2019, Corporation had 200,000 shares of common

May 4, 2020 in /by

On January 1, 2019, Corporation had 200,000 shares of common stock outstanding with a par value of $5 per share. On March 31, Corporation authorized a 10% stock dividend when the market value was $18 per share. Prepare the General Journal entry for March 31.   Looking for a Similar Assignment? Order now and Get […]

 

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Part A)On January 2, 2019, Frederick Corporation issued 18,000

May 4, 2020 in /by

Part A)<br/>On January 2, 2019, Frederick Corporation issued 18,000 shares of $10 par value common stock for $13 per share. On April 1, 2019, Alpha reacquired 1,500 of these shares when they were trading $16 per share. On August 1, 2019 Frederick reissued 800 shares of treasury stock at the going market rate of $19 per […]

 

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