The shareholders' equity of Crystal Company includes the items shown below. The board of directors of Crystal declared cash dividends of $2.2 million, $6.0 million, and $46.8 million in each of its first three years of operation: 2016, 2017, and 2018, respectively. Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 6%, $100 par, 1,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is cumulative and nonparticipating. (Round final answers to 2 decimal places.)

Explain your numbers please

On January 1,2016, McKeown, Inc., issued $250,000 of 8%, 9year bonds for $220,776, yielding a market (yield) rate of 10%. Semiannual interest is payable on June 30 and December 31 of each year.

a) Show computations to confirm the bond issue price

b) Prepare journal entries to record the bond issuance, semiannual interest payment and discount amortization on June 30, 2016, and semiannual interest payment and discount amortization on December 31, 2016. Use the effective interest rate.

c) Post the journal entries from part b) to their respective T-accounts

d) Record each of the transactions from part b) in the financial statement effects template

Consolidation at the end of the first year subsequent to date of acquisition—Equity method (purchase price equals book value) Assume that a parent company acquires its subsidiary on January 1, 2016, by exchanging 40,000 shares of its $1 par value Common Stock, with a market value on the acquisition date of $28 per share, for all of the outstanding voting shares of the acquiree. You have been charged with preparing the consolidation of these two companies at the end of the first year. On the acquisition date, all of the subsidiary’s assets and liabilities had fair values equaling their book values. Following are financial statements of the parent and its subsidiary for the year ended December 31, 2016.

Question text

Computing Depreciation Expense.
Equipment costing $580,000, with an expected scrap value of $60,000 and an estimated useful life of 5 years, was purchased on January 1, 2012.

Calculate the depreciation expense for years 2012 to 2016 using: (a) the straight-line method and (b) the double-declining-balance method.

Round to the nearest whole number.

(Show Work and Calculations)

On December 31, 2016, Larkspur Corporation signed a 5-year, non-cancelable lease for a machine. The terms of the lease called for Larkspur to make annual payments of $9,399 at the beginning of each year, starting December 31, 2016. The machine has an estimated useful life of 6 years and a $4,700 unguaranteed residual value. The machine reverts back to the lessor at the end of the lease term. Larkspur uses the straight-line method of depreciation for all of its plant assets. Larkspur’s incremental borrowing rate is 6%, and the lessor’s implicit rate is unknown.
1. What type of lease is this

2. Compute the present value of the lease payments.

For this assignment, you will select a current research paper (published since 2016) to review. You may select any research paper that is related to Data Science or Big Data Analytics. I strongly recommend that you start your search at Google Scholar . Once you enter your search term(s), select the "Since 2016" link on the left. Feel free to choose ANY relevant paper. (I would recommend that you select one that you can read and summarize in a reasonable amount of time. Don't select a 100 page paper!)

Need 200 words review on that paper

Please Don't rewrite already existing chegg answers

A. Journalize the following transactions and post them to ledger. From the following transactions of Phoenix Inc for Oct ,2016. (i)Journalize the below transactions (ii)Post the Journal entries in to ledger accounts Date Transactions 2016 Oct 1 Niel started business with cash $ 800,000 Oct 2 purchased goods worth $ 3000 Oct 15 Sold goods for $ 25000 Oct 18 Purchased stationeries $4000 Oct 23 Purchased furniture for $ 24,000 Oct 25 Paid electricity charges with cash $3000 Oct 26 Paid Salary $18000 Oct 28 Paid rent $500 B. “Bookkeeping is synonymous to accounting” Analyse this statement.

During 2016, Flint Corporation spent $171,360 in research and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2016, and had a legal life of 20 years and a useful life of 10 years. Legal costs of $45,360 related to the patent were incurred as of October 1, 2016.

(1)Prepare all journal entries required in 2016 and 2017 as a result of the transactions above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

(2)On June 1, 2018, Flint spent $11,160 to successfully prosecute a patent infringement suit. As a result, the estimate of useful life was extended to 12 years from June 1, 2018. Prepare all journal entries required in 2018 and 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

(3)In 2020, Flint determined that a competitor’s product would make the New Age Piano obsolete and the patent worthless by December 31, 2021. Prepare all journal entries required in 2020 and 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

The trial balance for a company that sells alarms, as of January 1, 2016 had the following balances:

Cash 74,000

Accounts receivable 13,000

Supplies 200

Prepaid rent 3,200

Merchandise inventory (24 @ $200; 1 @ $200) 5,000

Land 4000

Accounts payable 1,900

Unearned revenue 900

Salaries payable 1,000

Common stock 50,000

Retained earnings 47,000

The following transactions took place during 2016:

1. Paid the salaries payable from 2015.

2. Paid $4,800 on May 1, 2016, for one year's lease on the company van in advance.

3. Paid $7,200 on May 2,2016 for one year's office rent in advance.

4. Purchased $400 of supplies on account.

5. Purchased 100 alarm systems for $28,000 cash during the year.

6. Sold 102 alarm systems for $57,000. All sales were on account.

(Compute cost of goods sold using the FIFO cost flow method)

7. Paid $2,100 on accounts payable during the year.

8. Billed $52,000 of monitoring services for the year.

9. Paid installers and other employees a total of $25,000 cash for salaries.

10. Collected $89,000 of accounts receivable during the year.

11. Paid $3,600 of advertising expense during the year.

12. Paid $2,500 of utilities expense for the year.

13. Paid a dividend of $10,000 to the shareholders.

1. Prepare the trial balance as at Dec 31, 2016 for the company

2. Prepare the income statement and balance sheet for the company.

The condensed financial statements of Sunland Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.)

Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.)