ACC 291 Week 4 - Individual WileyPLUS Assignment Week Four - Exercise Do It! 11-1 , E11-15, E11-16

Feb 3rd, 2012
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ACC 291 Week 4 - Individual WileyPLUS Assignment Week Four - Exercise Do It! 11-1 , E11-15, E11-16 Problem P11-6A And P11-8A Exercise Do It! 11-1 Indicate whether each of the following statements is true or false. Exercise E11-15 On October 31, the stockholders' equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action: (1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share. Exercise E11-16 Before preparing financial statements for the current year, the chief accountant for Springer Company discovered the following errors in the accounts. 1. The declaration and payment of $50,000 cash dividend was recorded as a debit here are all the questions and solutions in the document file.all answers certified as correct

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