On December 31, 2020, the company reported the following:

Cumulative Preferred shares, 36,000 convertible shares outstanding             $     960,000

Common shares, 112,500 shares issued and outstanding                                    2,880,00

Retained earnings, beginning, as at 1/1/20                                                         1,032,000

Further, the company also reported earnings from operations of $1,847,790 for 2020.  The cumulative preferred shares, as stated above, could participate in dividends declared after the common shares received a minimum dividend of $3.00 per share.  Participation in the excess dividends is based on the relative total capital contributed by each group. The company management wishes to declare dividends for 2020 such that each common share would be entitled to a dividend of $4 per share.  Dividends were last declared in 2017.

Required:

1.  Use the schedule below to answer the following:

      a]   The total dividends which the management would declare; and

      b]   The total amounts payable to each group of shareholders.

Distribution Of Dividends

On December 31, 2020, the company reported the following:

Cumulative Preferred shares, 36,000 convertible shares outstanding             $     960,000

Common shares, 112,500 shares issued and outstanding                                    2,880,000

Retained earnings, beginning, as at 1/1/20                                                         1,032,000

Further, the company also reported earnings from operations of $1,847,790 for 2020.  The cumulative preferred shares, as stated above, could participate in dividends declared after the common shares received a minimum dividend of $3.00 per share.  Participation in the excess dividends is based on the relative total capital contributed by each group. The company management wishes to declare dividends for 2020 such that each common share would be entitled to a dividend of $4 per share.  Dividends were last declared in 2017.

Required:

1.  Use the schedule below to answer the following:

      a]   The total dividends which the management would declare; and

      b]   The total amounts payable to each group of shareholders.

Distribution Of Dividends

From your readings in the Special Module on foreign currency translation adjustments, summarize U.S. GAAP and IFRS differences on this topic and from the example in that module of one item that goes in Accumulated Other Comprehensive Income can you find such treatment in a company's equity section, either a US parent company or a foreign parent company?

I know the differences between GAAP and IFRS, Can anybody give an example that goes in Accumulated other comprehensive income? and find such treatment in a company's equity section?

Chapter 11, #4

Depreciation methods and useful lives:
Buildings—150% declining balance; 25 years.
Equipment—Straight line; 10 years.
Automobiles and trucks—200% declining balance; 5 years, all acquired after 2017.
Leasehold improvements—Straight line.
Land improvements—Straight line.

Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2021 and other information:

1. On January 6, 2021, a plant facility consisting of land and building was acquired from King Corp. in exchange for 19,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $60 a share. Current assessed values of land and building for property tax purposes are $207,000 and $483,000, respectively.
2. On March 25, 2021, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $156,000. These expenditures had an estimated useful life of 12 years.
3. The leasehold improvements were completed on December 31, 2017, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2023, was renewable for an additional four-year term. On April 30, 2021, Cord exercised the renewal option.
4. On July 1, 2021, equipment was purchased at a total invoice cost of $319,000. Additional costs of $11,000 for delivery and $44,000 for installation were incurred.
5. On September 30, 2021, Cord purchased a new automobile for $11,900.
6. On September 30, 2021, a truck with a cost of $23,400 and a book value of $8,000 on date of sale was sold for $10,900. Depreciation for the nine months ended September 30, 2021, was $1,800.
7. On December 20, 2021, equipment with a cost of $14,000 and a book value of $2,825 at date of disposition was scrapped without cash recovery.

Required:

1. Prepare a schedule analyzing the changes in each of the plant asset accounts during 2021. Do not analyze changes in accumulated depreciation and amortization.

2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2021. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)

Your cover letter and resume made it through the initial hiring or promotion review process. Now you are at the interview stage. HR recruiters often hear the same things from interviewees – that they are the best fit for the job, or this is their “dream job”. Now is your chance to show what you learned throughout your Bachelor’s degree program.

1. What are the advantages and disadvantages of using interview techniques to collect data?

2. What are the benefits of sampling?

3. You want to collect eating behavior information about preschool youth, elementary youth, adolescents and young adults. Consider the characteristics of these groups and decide how and where you might collect this information from each of these groups

Please answer the following interview questions..

As you consider your current and future role in life, what is your vision of what you would like to contribute? In what ways does your choice reflect your culture? In what ways would you be considered unique, when seen from the perspective of your culture?

The December 31, Year 4, balance sheet for Deen Company showed total stockholders’ equity of $156,000. Total stockholders’ equity increased by $65,000 between December 31, Year 4, and December 31, Year 5. During Year 5, Deen Company acquired $20,000 cash from the issue of common stock. The Company paid a $5,000 cash dividend to the stockholders during Year 5.

Required

Determine the amount of net income or loss Deen reported on its Year 5 income statement. (Hint: Remember that stock issues, net income, and dividends all change total stockholders’ equity.)