Entries by Munene david

Question 2 (3.5 points)On December 31, 2018,

May 4, 2020 in /by

Question 2 (3.5 points)<br/><br/><br/>On December 31, 2018, Adelphi Corporation has outstanding 1,000 shares of $100 par value, 6% cumulative and nonparticipating preferred stock, and 5,000 shares of $10 par value common stock. Preferred dividends were paid in 2016 but were not paid in 2017. During 2018, Alpha distributed $45,000 in dividends. Use this information to determine for 2018 […]

 

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Question 3 (3.5 points) On March 1, 2019, Baltimore Corporation

May 4, 2020 in /by

Question 3 (3.5 points)<br/> <br/>On March 1, 2019, Baltimore Corporation had 75,000 shares of common stock outstanding with a par value of $5 per share. On March 1, Baltimore Corporation authorized a 10% stock dividend when the market value was $12 per share. Use this information to calculate the amount either (debited) or credited to retained earnings.  Enter as […]

 

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Question 4The Common Stock account for Baltimore Corporation

May 4, 2020 in /by

Question 4<br/>The Common Stock account for Baltimore Corporation on January 1, 2018 was $75,000. On July 1, 2018 Baltimore issued an additional 6,000 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 $20,000 on January 1 and […]

 

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Question 13 (3.5 points)During March 2019, Annapolis Corporation recorded $40,400 of costs related to factory overhead

May 4, 2020 in /by

Question 13 (3.5 points)<br/><br/><br/>During March 2019, Annapolis Corporation recorded $40,400 of costs related to factory overhead.  Alpha’s overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $42,500 would be incurred, and 4,000 direct labor hours would be worked.  During March, 4,750 hours were actually worked. Use this information to determine […]

 

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