Part A
In late 2017, the Nicklaus Corporation was formed. The corporate charter authorizes the issuance of 4,000,000 shares of common stock carrying a $1 par value, and 1,000,000 shares of $5 par value, noncumulative, nonparticipating preferred stock. On January 2, 2018, 2,000,000 shares of the common stock are issued in exchange for cash at an average price of $10 per share. Also on January 2, all 1,000,000 shares of preferred stock are issued at $20 per share.

Required:
1. Prepare journal entries to record these transactions.
2. Prepare the shareholders' equity section of the Nicklaus balance sheet as of March 31, 2018. (Assume net income for the first quarter 2018 was $1,200,000.)

Part B
During 2018, the Nicklaus Corporation participated in three treasury stock transactions:

On June 30, 2018, the corporation reacquires 130,000 shares for the treasury at a price of $12 per share.

On July 31, 2018, 15,000 treasury shares are reissued at $15 per share.

On September 30, 2018, 15,000 treasury shares are reissued at $10 per share.

Required:
1. Prepare journal entries to record these transactions.
2. Prepare the Nicklaus Corporation shareholders' equity section as it would appear in a balance sheet prepared at September 30, 2018. (Assume net income for the second and third quarter was $2,650,000.)

Part C
On October 1, 2018, Nicklaus Corporation receives permission to replace its $1 par value common stock (4,000,000 shares authorized, 2,000,000 shares issued, and 1,900,000 shares outstanding) with a new common stock issue having a $.50 par value. Since the new par value is one-half the amount of the old, this represents a 2-for-1 stock split. That is, the shareholders will receive two shares of the $.50 par stock in exchange for each share of the $1 par stock they own. The $1 par stock will be collected and destroyed by the issuing corporation.

On November 1, 2018, the Nicklaus Corporation declares a $0.07 per share cash dividend on common stock and a $0.23 per share cash dividend on preferred stock. Payment is scheduled for December 1, 2018, to shareholders of record on November 15, 2018.

On December 2, 2018, the Nicklaus Corporation declares a 1% stock dividend payable on December 28, 2018, to shareholders of record on December 14. At the date of declaration, the common stock was selling in the open market at $10 per share. The dividend will result in 38,000 (0.01 × 3,800,000) additional shares being issued to shareholders.

Required:
1. Prepare journal entries to record the declaration and payment of these stock and cash dividends.
2. Prepare the December 31, 2018, shareholders' equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the fourth quarter was $2,150,000.)
3. Prepare a statement of shareholders' equity for Nicklaus Corporation for 2018.

Part A

1.

2.

Part B

1.

2.

I only need part C completed

Part A
In late 2017, the Nicklaus Corporation was formed. The corporate charter authorizes the issuance of 4,000,000 shares of common stock carrying a $1 par value, and 1,000,000 shares of $5 par value, noncumulative, nonparticipating preferred stock. On January 2, 2018, 2,000,000 shares of the common stock are issued in exchange for cash at an average price of $10 per share. Also on January 2, all 1,000,000 shares of preferred stock are issued at $20 per share.

Required:
1. Prepare journal entries to record these transactions.
2. Prepare the shareholders' equity section of the Nicklaus balance sheet as of March 31, 2018. (Assume net income for the first quarter 2018 was $1,200,000.)

Part B
During 2018, the Nicklaus Corporation participated in three treasury stock transactions:

On June 30, 2018, the corporation reacquires 130,000 shares for the treasury at a price of $12 per share.

On July 31, 2018, 15,000 treasury shares are reissued at $15 per share.

On September 30, 2018, 15,000 treasury shares are reissued at $10 per share.

Required:
1. Prepare journal entries to record these transactions.
2. Prepare the Nicklaus Corporation shareholders' equity section as it would appear in a balance sheet prepared at September 30, 2018. (Assume net income for the second and third quarter was $2,650,000.)

Part C
On October 1, 2018, Nicklaus Corporation receives permission to replace its $1 par value common stock (4,000,000 shares authorized, 2,000,000 shares issued, and 1,900,000 shares outstanding) with a new common stock issue having a $.50 par value. Since the new par value is one-half the amount of the old, this represents a 2-for-1 stock split. That is, the shareholders will receive two shares of the $.50 par stock in exchange for each share of the $1 par stock they own. The $1 par stock will be collected and destroyed by the issuing corporation.

On November 1, 2018, the Nicklaus Corporation declares a $0.07 per share cash dividend on common stock and a $0.23 per share cash dividend on preferred stock. Payment is scheduled for December 1, 2018, to shareholders of record on November 15, 2018.

On December 2, 2018, the Nicklaus Corporation declares a 1% stock dividend payable on December 28, 2018, to shareholders of record on December 14. At the date of declaration, the common stock was selling in the open market at $10 per share. The dividend will result in 38,000 (0.01 × 3,800,000) additional shares being issued to shareholders.

Required:
1. Prepare journal entries to record the declaration and payment of these stock and cash dividends.
2. Prepare the December 31, 2018, shareholders' equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the fourth quarter was $2,150,000.)
3. Prepare a statement of shareholders' equity for Nicklaus Corporation for 2018.

Part A

1.

2.

Part B

1.

2.

QUESTION 1 [25]

The following are extracts from the financial statements of ABC Ltd for the year ended 31 December 2019:

ABC Ltd

Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2019

ABC Ltd

Statement of Changes in Equity for the year ended 31 December 2019

ABC Ltd

Statement of Financial Position as at 31 December

Additional information: -

1. The short-term portion of the long-term loan included in the short-term loans was

15 408 (2018: 29 402 – this was paid as planned in 2019).

2. The proceeds from the sale of property, plant & equipment amounted to 1 978 during the current year. 24 000 of the purchases of property, plant & equipment during the current year was for the expansion of operations.

     Land (included in property, plant & equipment) was revalued during 2019.

Required:

Prepare the Statement of Cash Flows for ABC Ltd for the year ended 31 December 2019.

Show workings clearly.

The Reconciliation of Profit before tax and Cash generated from operations is not required.

walmarts annual report shows the year 2017 their GENERAL ADMIN EXPENSE was 21.16%.

in 2018 it was 21.48%.

in 2019 it is 21.0%

Between 2017 and 2018 it increased slightly then by the end of 2019 it dropped.

why wod the general admin expense decrease?

In January 2018, Sonja Deposited $20,000 in a bank in the Bahamas. She earned $500 Interest income. She closed the Account in December 2018.

a. Is Sonja subject to the FBAR reporting requirement?

b. Is the Interest Income taxable in the United States?

The blood platelet counts of a group of women have a bell-shaped distribution with a mean of 257.62 and a standard deviation of 62.1 (All units are 1000 cells/muμ L.)

Using the empirical rule, find each approximate percentage below.

a. Approximately 68 % of women in this group have platelet counts within 1 standard deviation of the mean, or between 195.5 and 319.7.

(Type an integer or a decimal. Do not round.)

Approximately ____ % of women in this group have platelet counts between 71.3 and 443.9.

(Type an integer or a decimal. Do not round.)

You are given an unknown hydrated metal salt containing chloride ion MCl2 times nH2O

a. you dissolve 0.500 g of this salt in water and add excess silver nitrate slutionAgNO3 to precipitate the chloride ion as insoluble silver chloride, AgCl. After filtering washing-drying and weighing the AgCl is found to weigh 0.720g. what is the mass percent chloride in the metal salt?

b. a second 0.500 g sample is dehydrated to remove water of hydration. After drying the sample is found to weigh 0.319g what is the mass percent chloride in the metal salt?

c. The metal cation has a charge of two. what is the molar mass of the metal?

d. determine the complete empirical formula of the hydrated metal salt

Describe the formation of ionic and covalent compounds.

Identify a compound as ionic or covalent.

Using charge balance, write the correct formula for an ionic compound (including those with polyatomic ions).

Write the correct molecular and empirical formula for molecular compounds.

Given the formula of a covalent or ionic compound (including polyatomic ions), write the correct name.

Apply the basic rules guiding Lewis dot structures to draw the configuration for individual atoms, ionic compounds (including those with polyatomic ions), and covalent compounds (including those with double and triple bonds).

Apply the VSEPR theory to model the shape of a molecule.

Given an atom's electronegativity, proceed from predicting the bond type and bond polarity to predicting molecule polarity (based on molecular shape).

Oxygen is contained in a piston-cylinder system initially at a temperature of 40 ^oC and a pressure of 150 kPa. The piston is 1 m in diameter and initially 20 cm above the base of the cylinder. Heat is added at constant pressure until the piston has moved 30 cm, so it's now at 50 cm.

I found the mass of the system to be 0.2898 kg, and T2 = 783K.

a) Using the table of properties of oxygen as an ideal gas, calculate the heat added to the system per unit mass, in kJ/kg

b) Repeat this calculation assuming that the specific heat as a function of temperature is linear over this range of temperatures (ie, assuming the change in temperature is "small")

c) Repeat this calculation without this assumption (ie, direct integration of empirical relation)

5. calculate the atomic mass of element "X" if it has 2 naturally occurring isotopes with the following masse and natural abundances:
X-45: 44.8776 Amu 32.88%
X-47: 46.9443 Amu 67.22%

10. silver has an atomic mass of 107.868 Amu. The Ag-109 isotope (108.905 amu) is 48.16%. what is the amu of the other isotope?

39. calculate the mass percent composition of sulfur in Al2(SO4)3.

41. determine the molecular formula for a compound that is 70.79% carbon, 8.91% hydrogen, 4.59% nitrogen, and 15.72% oxygen.

42. combustion analysis of 63.8 mg of a C, H, and O containing compound produced 145.0 mg of CO2 and 59.38 mg of H2O. what is the empirical formula for the compound?