Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. The .pdf
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Mullin Enterprises was organized in 2019 and issued common stock. In 2020, it issued preferred stock and again issued more preferred stock in 2021 to raise capital. Over 2021-2022, it earned a total of $918,000 in net income but paid some dividends. The question asks to prepare the stockholders' equity section of the balance sheet as of December 31, 2022 and identify two reasons why a company may choose preferred stock over long-term debt.
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Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. .pdf
Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. The corporation immediately
issued at $10 per share on half of its 400,000 authorized shares of $2 par value common stock.
On January 2, 2020, the corporation sold at par value the entire 5,000 authorized shares of 6
percent, $20 par value cumulative preferred stock. On January 2, 2021, the company again
needed capital and issued 3,400 shares of an authorized 14,000 shares of no-par cumulative
preferred stock for a total of $425,000. The no-par shares have a stated dividend of $8 per share.
The company declared no dividends in 2019 and 2020. At the end of 2020, its retained earnings
were $280,000. During 2021 and 2022 combined, the company earned a total net income of
$875,000. Dividends of 75 cents per share in 2021 and \$1.25 per share in 2022 were paid on
common stock.
1. Prepare the stockholders' equity section of the balance sheet on December 31, 2022. Include a
supporting schedule showing your computation of retained earnings at the balance sheet date.
(Hint: Income increases retained earnings, whereas dividends decrease retained earnings). Ensure
that your partial balance sheet is labeled correctly and uses the correct format for the
stockholders' equity section of the balance sheet. 2. Assume that on January 2,2020, the
corporation could have borrowed $100,000 at 10 percent interest on a long-term basis instead of
issuing the 5,000 shares of the $20 par value cumulative preferred stock. Identify two reasons a
corporation may choose to issue cumulative preferred stock rather than finance operations with
long-term debt..
The post-closing trial balance of Wildhorse Corporation at December 3.pdf
The post-closing trial balance of Wildhorse Corporation at December 31,2022 , contains the
following stockholders' equity accounts. A review of the accounting records reveals the
following. 1. No errors have been made in recording 2022 transactions or in preparing the
closing entry for net income. 2. Preferred stock is $50 par, 6%, and cumulative, 15,800 shares
have been outstanding since January 1,2021. 3. Authorized stock is 20,800 shares of preferred,
520,000 shares of common with a $10 par value. 4. The January 1 balance in Retained Earnings
was $1,190,000. 5. On July 1,19,400 shares of common stock were issued for cash at $18 per
share. 6. On September 1, the company discovered an understatement error of $92,400 in
computing salaries and wages expense in 2021 . The net of tax effect of $64,680 was properly
debited directly to Retained Earnings. 7. A cash dividend of $260,000 was dectared and properly
allocated to preferred and common stock on October 1. No dividends were paid to preferred
stockholders in 2021. 8. On December 31 , a 10% common stock dividend was declared out of
retained eamings on common stock when the market price per share was $18. 9. Net income for
the year was $595,000. 10. On December 31,2022 , the directors authorized disclosure of a
$208,000 restriction of retained earnings for plant
Compute the allocation of the cash dividend to preferred and common stock. Allocation of the
cash dividend to preferred stock Allocation of the cash dividend to common stock
(a) Reproduce the Retained Earnings account for 2022. (Uist items in order presented in the
problem.)
Prepare a stockholders' equity section at December 31, 2022. (Enter account name only and do
not provide descriptive information) WILDHORSE CORPORATION Partial Balance Sheet $$.
Wilco Corporation has the following account balances at December 3.docx
Wilco Corporation has the following account balances at December 31, 2012.
Common stock, $5 par value
$555,600
Treasury stock
90,720
Retained earnings
2,426,200
Paid-in capital in excess of par—common stock
1,321,900
Prepare Wilco’s December 31, 2012, stockholders’ equity section. (For preferred stock, common stock and treasury stock enter the account name only and do not provide the descriptive information provided in the question.)
WILCO CORPORATION
Stockholders’ Equity
December 31, 2012
$
:
$
Sprinkle Inc. has outstanding 10,050 shares of $10 par value common stock. On July 1, 2012, Sprinkle reacquired 107 shares at $89 per share. On September 1, Sprinkle reissued 61 shares at $90 per share. On November 1, Sprinkle reissued 46 shares at $85 per share.
Prepare Sprinkle’s journal entries to record these transactions using the cost method. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
7/1/12
9/1/12
11/1/12
Graves Mining Company declared, on April 20, a dividend of $519,800, on its $5 par common stock, payable on June 1. Of this amount, $133,700 is a return of capital.
Prepare the April 20 and June 1 entries for Graves. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Apr. 20
June 1
Apr. 20 Retained Earnings = ($519,800 – $133,700) = $386,100
Abernathy Corporation was organized on January 1, 2012. It is authorized to issue 10,290 shares of 8%, $65 par value preferred stock, and 544,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.
Jan. 10
Issued 80,330 shares of common stock for cash at $6 per share.
Mar. 1
Issued 5,670 shares of preferred stock for cash at $113 per share.
Apr. 1
Issued 24,730 shares of common stock for land. The asking price of the land was $90,540; the fair value of the land was $80,330.
May 1
Issued 80,330 shares of common stock for cash at $9 per share.
Aug. 1
Issued 10,290 shares of common stock to attorneys in payment of their bill of $50,620 for services rendered in helping the company organize.
Sept. 1
Issued 10,290 shares of common stock for cash at $11 per share.
Nov. 1
Issued 1,940 shares of preferred stock for cash at $115 per share.
Prepare the journal entries to record the above transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 10
M.
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Week 5 Final Exam
CPA Question 01
CPA Question 02
Part A In late 2020 the Nicklaus Corporation was formed Th.pdf
Part A In late 2020, the Nicklaus Corporation was formed. The corporate charter authorizes the
issuance of 6,000,000 shares of common. stock carrying a $1 par value, and 2,000,000 shares of
$5 par value, noncumulative, nonparticipating preferred stock. On January 2 , 2021,4,000,000
shares of the common stock are issued in exchange for cash at an average price of $12 per share.
Also on January 2. ail 2,000,000 shares of preferred stock are issued at $25 per share. Required:
1. Prepare journal entries to record these transactions. 2. Prepare the shareholders' equity section
of the Nicklaus bolance sheet as of March 31, 2021. (Assume net income for the first. quarter
2021 was $1,650,000. Part B During 2021, the Nickdaus Corporation partiopated in three treasury
stock transactions: a. On June 30,2021 b. On July 31, 2021, 15, 0ution reacquires 230,000 shares
for the treasury at a price of $14 per share. c. On September 30,2021,15,000 treasury shares are
reissued ot $12 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. 2021. (Assume net income for the second and third quarter was
$3,150,000 ) Part C On October 1, 2021, Nicklaus Corporation receives permission to replace its
$1 par value common stock (6,000,000 shares authorized, 4,000,000 shares issued, and 3,800,
000 shares outstanding) with a new common stock issue having a $0.50 par value. Since the new
par value is one-haif the amount of the old, this represents a 2.for-1 stock split. That is, the
shareholders will receive two shares of the $0.50 par stock in exchange for each share of the $1
par stock they own. The $1 por stock will be collected and destroyed by the issuing corporation.
On November 1, 2021, the Nicklaus Corporation declares a $0.16 per share cash dividend on
common stock and a $0.33 per share cash dividend on preferred stock. Payment is scheduled for
December 1, 2021, to shareholders of record on November 15, 2021. On December 2, 2021, the
Nicklaus Corporation declares a ts stock dividend payable on December 28, 2021, to sharehoiders
of record on December 14. At the date of deciaration, the common stock was seling in the open
market at $12 per share. The dividend will resuit in 76,000(0.017,600,000) additional shares being
issued to shareholders. Required: 1. Prepare journat entries to record the deciaration and
payment of these stock and cash dividends. 2. Prepare the December 31, 2021, shareholders'
equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the
fourth quarter was $2,650,000j 3. Prepare a statement of shareholders' equity for Nicilaus
Corporation for 2021.On December 2, 2021, the Nicklaus Corporation declares a 1% stock
dividend payable on December 28, 2021, to shareholders of record on December 14. At the date
of declaration, the common stock was selling in the open market a.
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Week 5 Final Exam
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CPA Question 05
Question 29
Brief Exercise 15-4
Recommended
Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. .pdf
Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. The corporation immediately
issued at $10 per share on half of its 400,000 authorized shares of $2 par value common stock.
On January 2, 2020, the corporation sold at par value the entire 5,000 authorized shares of 6
percent, $20 par value cumulative preferred stock. On January 2, 2021, the company again
needed capital and issued 3,400 shares of an authorized 14,000 shares of no-par cumulative
preferred stock for a total of $425,000. The no-par shares have a stated dividend of $8 per share.
The company declared no dividends in 2019 and 2020. At the end of 2020, its retained earnings
were $280,000. During 2021 and 2022 combined, the company earned a total net income of
$875,000. Dividends of 75 cents per share in 2021 and \$1.25 per share in 2022 were paid on
common stock.
1. Prepare the stockholders' equity section of the balance sheet on December 31, 2022. Include a
supporting schedule showing your computation of retained earnings at the balance sheet date.
(Hint: Income increases retained earnings, whereas dividends decrease retained earnings). Ensure
that your partial balance sheet is labeled correctly and uses the correct format for the
stockholders' equity section of the balance sheet. 2. Assume that on January 2,2020, the
corporation could have borrowed $100,000 at 10 percent interest on a long-term basis instead of
issuing the 5,000 shares of the $20 par value cumulative preferred stock. Identify two reasons a
corporation may choose to issue cumulative preferred stock rather than finance operations with
long-term debt..
The post-closing trial balance of Wildhorse Corporation at December 3.pdf
The post-closing trial balance of Wildhorse Corporation at December 31,2022 , contains the
following stockholders' equity accounts. A review of the accounting records reveals the
following. 1. No errors have been made in recording 2022 transactions or in preparing the
closing entry for net income. 2. Preferred stock is $50 par, 6%, and cumulative, 15,800 shares
have been outstanding since January 1,2021. 3. Authorized stock is 20,800 shares of preferred,
520,000 shares of common with a $10 par value. 4. The January 1 balance in Retained Earnings
was $1,190,000. 5. On July 1,19,400 shares of common stock were issued for cash at $18 per
share. 6. On September 1, the company discovered an understatement error of $92,400 in
computing salaries and wages expense in 2021 . The net of tax effect of $64,680 was properly
debited directly to Retained Earnings. 7. A cash dividend of $260,000 was dectared and properly
allocated to preferred and common stock on October 1. No dividends were paid to preferred
stockholders in 2021. 8. On December 31 , a 10% common stock dividend was declared out of
retained eamings on common stock when the market price per share was $18. 9. Net income for
the year was $595,000. 10. On December 31,2022 , the directors authorized disclosure of a
$208,000 restriction of retained earnings for plant
Compute the allocation of the cash dividend to preferred and common stock. Allocation of the
cash dividend to preferred stock Allocation of the cash dividend to common stock
(a) Reproduce the Retained Earnings account for 2022. (Uist items in order presented in the
problem.)
Prepare a stockholders' equity section at December 31, 2022. (Enter account name only and do
not provide descriptive information) WILDHORSE CORPORATION Partial Balance Sheet $$.
Wilco Corporation has the following account balances at December 3.docx
Wilco Corporation has the following account balances at December 31, 2012.
Common stock, $5 par value
$555,600
Treasury stock
90,720
Retained earnings
2,426,200
Paid-in capital in excess of par—common stock
1,321,900
Prepare Wilco’s December 31, 2012, stockholders’ equity section. (For preferred stock, common stock and treasury stock enter the account name only and do not provide the descriptive information provided in the question.)
WILCO CORPORATION
Stockholders’ Equity
December 31, 2012
$
:
$
Sprinkle Inc. has outstanding 10,050 shares of $10 par value common stock. On July 1, 2012, Sprinkle reacquired 107 shares at $89 per share. On September 1, Sprinkle reissued 61 shares at $90 per share. On November 1, Sprinkle reissued 46 shares at $85 per share.
Prepare Sprinkle’s journal entries to record these transactions using the cost method. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
7/1/12
9/1/12
11/1/12
Graves Mining Company declared, on April 20, a dividend of $519,800, on its $5 par common stock, payable on June 1. Of this amount, $133,700 is a return of capital.
Prepare the April 20 and June 1 entries for Graves. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Apr. 20
June 1
Apr. 20 Retained Earnings = ($519,800 – $133,700) = $386,100
Abernathy Corporation was organized on January 1, 2012. It is authorized to issue 10,290 shares of 8%, $65 par value preferred stock, and 544,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.
Jan. 10
Issued 80,330 shares of common stock for cash at $6 per share.
Mar. 1
Issued 5,670 shares of preferred stock for cash at $113 per share.
Apr. 1
Issued 24,730 shares of common stock for land. The asking price of the land was $90,540; the fair value of the land was $80,330.
May 1
Issued 80,330 shares of common stock for cash at $9 per share.
Aug. 1
Issued 10,290 shares of common stock to attorneys in payment of their bill of $50,620 for services rendered in helping the company organize.
Sept. 1
Issued 10,290 shares of common stock for cash at $11 per share.
Nov. 1
Issued 1,940 shares of preferred stock for cash at $115 per share.
Prepare the journal entries to record the above transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 10
M.
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Week 5 Final Exam
CPA Question 01
CPA Question 02
Part A In late 2020 the Nicklaus Corporation was formed Th.pdf
Part A In late 2020, the Nicklaus Corporation was formed. The corporate charter authorizes the
issuance of 6,000,000 shares of common. stock carrying a $1 par value, and 2,000,000 shares of
$5 par value, noncumulative, nonparticipating preferred stock. On January 2 , 2021,4,000,000
shares of the common stock are issued in exchange for cash at an average price of $12 per share.
Also on January 2. ail 2,000,000 shares of preferred stock are issued at $25 per share. Required:
1. Prepare journal entries to record these transactions. 2. Prepare the shareholders' equity section
of the Nicklaus bolance sheet as of March 31, 2021. (Assume net income for the first. quarter
2021 was $1,650,000. Part B During 2021, the Nickdaus Corporation partiopated in three treasury
stock transactions: a. On June 30,2021 b. On July 31, 2021, 15, 0ution reacquires 230,000 shares
for the treasury at a price of $14 per share. c. On September 30,2021,15,000 treasury shares are
reissued ot $12 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. 2021. (Assume net income for the second and third quarter was
$3,150,000 ) Part C On October 1, 2021, Nicklaus Corporation receives permission to replace its
$1 par value common stock (6,000,000 shares authorized, 4,000,000 shares issued, and 3,800,
000 shares outstanding) with a new common stock issue having a $0.50 par value. Since the new
par value is one-haif the amount of the old, this represents a 2.for-1 stock split. That is, the
shareholders will receive two shares of the $0.50 par stock in exchange for each share of the $1
par stock they own. The $1 por stock will be collected and destroyed by the issuing corporation.
On November 1, 2021, the Nicklaus Corporation declares a $0.16 per share cash dividend on
common stock and a $0.33 per share cash dividend on preferred stock. Payment is scheduled for
December 1, 2021, to shareholders of record on November 15, 2021. On December 2, 2021, the
Nicklaus Corporation declares a ts stock dividend payable on December 28, 2021, to sharehoiders
of record on December 14. At the date of deciaration, the common stock was seling in the open
market at $12 per share. The dividend will resuit in 76,000(0.017,600,000) additional shares being
issued to shareholders. Required: 1. Prepare journat entries to record the deciaration and
payment of these stock and cash dividends. 2. Prepare the December 31, 2021, shareholders'
equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the
fourth quarter was $2,650,000j 3. Prepare a statement of shareholders' equity for Nicilaus
Corporation for 2021.On December 2, 2021, the Nicklaus Corporation declares a 1% stock
dividend payable on December 28, 2021, to shareholders of record on December 14. At the date
of declaration, the common stock was selling in the open market a.
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Week 5 Final Exam
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Week 5 Final Exam
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Question 29
Brief Exercise 15-4
The stockholders' equity accounts of Sheffield Corporation on January.pdf
The stockholders' equity accounts of Sheffield Corporation on January 1, 2022, were as follows.
During 2022, the corporation had the following transactions and events pertaining to its
stockholders ' equity. Feb. 1 Issued 24,000 shares of common stock for $117 , 000 . Apr. 14 Sold
6,000 shares of treasury stock-common for $33 , 700 . Sept. 3 Issued 5,100 shares of common
stock for a pathit valued at $35 , 000 . Nov. 10 Purchased 1,100 shares of common stock for the
treasury at a cost of $5 , 700 . Dec. 31 Determined that net income for the year was $420 , 000 ,
No dividends were declared during the year. Journalize the transactions and the closing entry for
net income. (List all debit entries before credit entries. Record journal entries in the order
presented in the problem. Credit account titles are automatically indented when amount is
entered. Do not indent manually.) Enter the beginning balances in the accounts, and post the
journal entries to the stockholders' equity accounts. (Use J5 for the posting reference.)
(Postentries in the order of joumal entries presented in the previous part.) Preferred Stock
Retained Earnings eTextbook and Media Assistance Used List of Accounts Attempts: 3 of 5 used
Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and
do not provide the descriptive information provided in the question.) SHEFFIELD
CORPORATION Balance Sheet (Partial) December 31,2022 Stockholders' Equity Paid-in
Capital Capital Stock: Preferred Stock Common Stock Total Capital Stock Additional Paid in
Capital Paid in Capital in Evcess of Par-Preferred Stock Paid in Capital in Excess of Stated
Value Common Stock Paid-in Caphtal from Treasury Stock Total Additional Paidfin Capitat
Total Paid-in Capital Retained Earnines Total Paid-in Capital and Retahed Cornizgs ? Treasary
stock Total Stockholders' Equity.
In Iate 2012- the Micklaus Corporation was formed- The corporate chart.docx
In Iate 2012. the Micklaus Corporation was formed. The corporate charter authorizes the issuance of 6.030,330 shares of common stock carrying a SI par value, and 2,000,000 shares of $5 par value, noncumulative. nonparticipating preferred stock. On January 2. 2013, 4,000.000 shares of the common stock are issued in exchange for cash at an average price of $10 per share. Also on January 2, all 2,000,000 shares of preferred stock are issued at 520 per share. Required: 1. Prepare journal entries to record these transactions. (If no entry is required for a particular transaction, select ?No journal entry required? in the first account field. Enter your answers in whole dollars.) 2. Prepare the shareholders equity section of the Nicklaus balance sheet as of March 31, 2013. Assume net income for the first quarter 2013 was $1,750,330.) (Enter your answers in whole dollars.) Shareholder\'s equity Total shareholder\'s equity
Solution
1.
2. Ncklaus Corporation
Balance sheet - Shareholders\' Equity section
March 31, 2013
.
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Week 5 Final Exam
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Question 29
Brief Exercise 15-4
Exercise 15-1
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Week 5 Final Exam
CPA Question 01
Acc 423 final exam guide (new 2017, with excel file)ACC 423 Final Exam Guide ...
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Exercise 22-19
A partial trial balance of Bramble Corporation is as follows on December 31, 2018.
Dr.
Cr.
Supplies
$2,600
Salaries and wages payable
$1,500
Interest Receivable
Included in the December 31, 2015, Jacobi Company balance sheet wa.docx
Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section:
Jacobi Company
Balance Sheet (Shareholders' Equity)
December 31, 2015
1
Contributed Capital:
2
Preferred stock, 6%, $100 par
$200,000.00
3
Additional paid-in capital on preferred stock
12,000.00
$212,000.00
4
Common stock, $5 par
$150,000.00
5
Additional paid-in capital on common stock
240,000.00
390,000.00
6
Total contributed capital
$602,000.00
7
Retained earnings
627,000.00
8
Accumulated other comprehensive income (loss):
9
Unrealized decrease in value of available-for-sale securities
(41,000.00)
10
Total contributed capital, retained earnings, and accumulated other comprehensive income
$1,188,000.00
11
Less: Treasury stock (1,000 shares of common stock at cost, acquired on 2/3/2015)
(20,000.00)
12
Total Shareholders’ Equity
$1,168,000.00
The company engaged in the following stock transactions during 2016:
Jan.
4
Paid the semiannual dividend on the outstanding preferred stock and a $1.60 per share annual dividend on the outstanding common stock. These dividends had been declared on December 1, 2015.
5
Issued 500 shares of preferred stock at $110 per share.
22
Issued 4,000 shares of common stock at $23 per share.
Apr.
2
Reissued 700 shares of treasury stock at $24 per share.
May
14
Declared a 10% stock dividend on the outstanding common stock, payable on June 29. The common stock is currently selling for $25 per share.
Jun.
4
Declared the semiannual cash dividend on the outstanding preferred stock, payable on July 5.
29
Issued the stock dividend declared on May 14.
Jul.
5
Paid the cash dividend declared on June 4.
20
Split the common stock 2-for-1 and reduced the par value to $2.50 per share.
Aug.
3
Declared a property dividend, payable to common shareholders on September 14. The dividend consists of an available-for-sale investment in 50 Drot Company bonds. The bonds had been acquired for $45,000, but have a carrying value of $30,000. The bonds are currently selling for $20,000.
Sep.
14
Paid the property dividend declared on August 3.
Dec.
3
Declared the semiannual cash dividend on the outstanding preferred stock and a $0.90 per share annual dividend on the outstanding common stock.
Required:
1.
Prepare journal entries to record the preceding transactions.
2.
Prepare the December 31, 2016, shareholders’ equity section (assume that 2016 net income was $270,000).
X
.
Included in the December 31, 2015, Jacobi Company balance sheet .docx
Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section:
Jacobi Company
Balance Sheet (Shareholders' Equity)
December 31, 2015
1
Contributed Capital:
2
Preferred stock, 6%, $100 par
$200,000.00
3
Additional paid-in capital on preferred stock
12,000.00
$212,000.00
4
Common stock, $5 par
$150,000.00
5
Additional paid-in capital on common stock
240,000.00
390,000.00
6
Total contributed capital
$602,000.00
7
Retained earnings
627,000.00
8
Accumulated other comprehensive income (loss):
9
Unrealized decrease in value of available-for-sale securities
(41,000.00)
10
Total contributed capital, retained earnings, and accumulated other comprehensive income
$1,188,000.00
11
Less: Treasury stock (1,000 shares of common stock at cost, acquired on 2/3/2015)
(20,000.00)
12
Total Shareholders’ Equity
$1,168,000.00
The company engaged in the following stock transactions during 2016:
Jan.
4
Paid the semiannual dividend on the outstanding preferred stock and a $1.60 per share annual dividend on the outstanding common stock. These dividends had been declared on December 1, 2015.
5
Issued 500 shares of preferred stock at $110 per share.
22
Issued 4,000 shares of common stock at $23 per share.
Apr.
2
Reissued 700 shares of treasury stock at $24 per share.
May
14
Declared a 10% stock dividend on the outstanding common stock, payable on June 29. The common stock is currently selling for $25 per share.
Jun.
4
Declared the semiannual cash dividend on the outstanding preferred stock, payable on July 5.
29
Issued the stock dividend declared on May 14.
Jul.
5
Paid the cash dividend declared on June 4.
20
Split the common stock 2-for-1 and reduced the par value to $2.50 per share.
Aug.
3
Declared a property dividend, payable to common shareholders on September 14. The dividend consists of an available-for-sale investment in 50 Drot Company bonds. The bonds had been acquired for $45,000, but have a carrying value of $30,000. The bonds are currently selling for $20,000.
Sep.
14
Paid the property dividend declared on August 3.
Dec.
3
Declared the semiannual cash dividend on the outstanding preferred stock and a $0.90 per share annual dividend on the outstanding common stock.
Required:
1.
Prepare journal entries to record the preceding transactions.
2.
Prepare the December 31, 2016, shareholders’ equity section (assume that 2016 net income was $270,000).
X
...
Acc225 liability case due 7 pm est on february 16, 2021
Acc225 liability case due 7 pm est on february 16, 2021
At January 1 2020 Monty Companys outstanding shares inclu.pdf
At December 31, Year 1, the accounting records of Hercules Manufacturing, Incorporated contain
the following items: Accounts Payable $ 12,000 Accounts Receivable $ 30,000 Land 90,000 Cash
7,000 Building 250,000 Equipment ? Notes Payable 135,000 Capital Stock 188,000 Retained
Earnings ? If total assets of Hercules Manufacturing, Incorporated are $556,000, Equipment is
carried in Hercules Manufacturing accounting records at: Question 4 options: $377,000. $179,000.
$150,000. $90,000..
Skysong Co. has the following defined benefit pension plan balances .docx
Skysong Co. has the following defined benefit pension plan balances on January 1, 2020.
Projected benefit obligation$4,619,000Fair value of plan assets4,619,000
The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pension agreement so that prior service costs of $595,000 are created. Other data related to the pension plan are:
20202021
Service cost$151,000$169,000Prior service cost amortization089,000Contributions (funding) to the plan201,000186,000Benefits paid220,000283,000Actual return on plan assets253,000347,000Expected rate of return on assets6%8%Prepare a pension worksheet for the pension plan in 2020.
(Enter all amounts as positive.)
SKYSONG
COMPANY
Pension Worksheet—2020
General Journal Entries
Memo Record
Items
Annual Pension
ExpenseCashOCI—Prior
Service CostOCI— Gain/
LossPension Asset/
Liability
Projected Benefit
ObligationPlan
Assets
Balance, Jan. 1, 2020$ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr. Service cost Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Interest cost Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Actual return Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Unexpected loss Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Contributions Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Benefits Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Journal entry for 2020$ Dr.Cr. $ Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Accumulated OCI Dec. 31, 2019 Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Balance, Dec. 31, 2020$ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr.
eTextbook and Media
List of Accounts
Prepare any journal entries related to the pension plan that would be needed at December 31, 2020.
(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.)
DateAccount Titles and ExplanationDebitCredit
Dec. 31, 2020
eTextbook and Media
List of Accounts
Prepare a pension worksheet for 2021.
(Enter all amounts as positive.)
SKYSONG
COMPANY
Pension Worksheet—2020 and 2021General Journal EntriesMemo RecordItemsAnnual Pension
ExpenseCashOCI—Prior
Service CostOCI— Gain/
LossPension Asset/
LiabilityProjected Benefit
ObligationPlan
Assets
Balance, Jan. 1, 2020$4,619,000Cr.$4,619,000Dr.Service cost$151,000Dr.151,000Cr.Interest cost461,900Dr.461,900Cr.Actual return253,000Cr.253,000Dr.Unexpected loss24,140Dr.$24,140Dr.Contributions$201,000Cr.201,000Dr.Benefits220,000Dr.220,000Cr.Journal entry for 2020$335,760Dr.$201,000Cr.24,140Dr.$158,900Cr.Accumulated OCI Dec. 31, 20190Balance, Dec. 31, 2020$24,140Dr.$158,900Cr.5,011,900Cr.4,853,000Dr.Additional PSC, 1/1/2021 Dr.Cr. Dr.Cr.$ Dr.Cr. Dr.Cr. .
Acc 423 final exam guide (new 2018, with excel file)
For more course tutorials visit
uophelp.com is now newtonhelp.com
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This Tutorial contains Excel File which can be used for any change in values
Week 5 Final Exam
CPA Question 01
CPA Question 02
CPA Question 05
Question 29
Brief Exercise 15-4
Exercise 15-1
CPA Question 04
CPA Question 06
Exercise 44. Accounting for prepaid expenses and unearned revenu.docx
Exercise 4
4. Accounting for prepaid expenses and unearned revenues. Hawaii-Blue began business on January 1 of the current year and offers deep-sea fishing trips to tourists. Tourists pay $125 in advance for an all-day outing off the coast of Maui. The company collected monies during January for 210 outings, with 30 of the tourists not planning to take their trips until early February.
Hawaii-Blue rents its fishing boat from Pacific Yacht Supply. An agreement was signed at the beginning of the year, and $72,000 was paid for the rights to use the boat for 2 full years.
1. Prepare journal entries to record (1) the collection of monies from tourists and (2) the revenue generated during January.
2. Calculate Hawaii-Blue's total obligation to tourists at the end of January. On what financial statement and in which section would this amount appear?
3. Prepare journal entries to record (1) the payment to Pacific Yacht Supply and (2) the subsequent adjustment on January 31.
4. On what financial statement would Hawaii-Blue's January boat rental cost appear?
Exercise 8
8. Closing entries. Gomez Company had the following adjusted trial balance on December 31:
Cash
$ 2,300
Accounts Receivable
16,500
Prepaid Insurance
1,200
Land
40,000
Accounts Payable
$ 1,800
Miguel Gomez, Capital
43,700
Miguel Gomez, Drawing
2,500
Service Revenue
38,000
Rent Expense
9,000
Insurance Expense
5,400
Advertising Expense
3,500
Utilities Expense
3,100
$83,500
$83,500
1. Prepare the closing entries that Gomez would record on December 31.
Problem 3
Adjusting entries. You have been retained to examine the records of Kathy's Day Care Center as of December 31, 20X3, the close of the current reporting period. In the course of your examination, you discover the following:
1. On January 1, 20X3, the Supplies account had a balance of $2,350. During the year, $5,520 worth of supplies was purchased, and a balance of $1,620 remained unused on December 31.
2. Unrecorded interest owed to the center totaled $275 as of December 31.
3. All clients pay tuition in advance, and their payments are credited to the Unearned Tuition Revenue account. The account was credited for $75,500 on August 31. With the exception of $15,500, which represented prepayments for 10 months' tuition from several well-to-do families, all amounts were for the current semester ending on December 31.
4. Depreciation on the school's van was $3,000 for the year.
5. On August 1, the center began to pay rent in 6-month installments of $21,000. Kathy wrote a check to the owner of the building and recorded the check in Prepaid Rent, a new account.
6. Two salaried employees earn $400 each for a 5-day week. The employees are paid every Friday, and December 31 falls on a Thursday.
7. Kathy's Day Care paid insurance premiums as follows, each time debiting Prepaid Insurance:
Date Paid
Policy No.
Length of Policy
Amount
Feb. 1, 20X2
1033MCM19
1 year
$540
Jan. 1, 20X3
7952789HP
1 year
912
Aug. 1, 20X3
XQ943675ST
2 ...
2015Matthew and Michael Goode (cousins) decide to form a partners.pdf
2015:
Matthew and Michael Goode (cousins) decide to form a partnership (M&M) on April 1, 2015.
Each contributed personally-owned assets to start the new company. Matthew Goode contributed
$100,250 in cash and property with book value of $57,750 and appraised value of $78,750.
Michael Goode contributed cash of $99,750; computer equipment with book value of $52,500
and appraised value of $21,000; a software library with book value of $63,000 and appraised
value of $23,500; and office equipment with book value of $57,750 and appraised value of
$26,250. M&M operates on a calendar year.
The Articles of Partnership stipulate that no goodwill is to be recognized and that the two will
start with capital balances equal to their contributions. Monthly cash draws of $1,350 each are
allowed, beginning June 1, 2015. Net income is to be allocated as follows:
(a)Matthew is to receive a compensation allowance of $2,625 per month for managing the day-
to-day operations of the partnership.
(b)Interest of 12.25% to be paid on ending balances of capital accounts, PLUS 15% interest on
ending capital balances in excess of $262,500 (all interest to be calculated without current
income allocation).
(c)Each partner is to receive a bonus equal to 15% of net income, after the compensation
allowance, interest, and bonuses. Negative bonuses are not allowed.
(d)Remainder of profit to be allocated in a 55:45 ratio, Matthew:Michael.
(e)Remainder of loss to be allocated in a 50:50 ratio.
Net partnership income for 2015 was $210,000.
2016:
June 1, 2016, Maxwell Goode (Matthew’s twin brother) joins the partnership (ThreeM). He
purchases 1/3 of Matthew’s ownership interest for cash of $78,750 and 1/4 of Michael’s
ownership interest for cash of $63,000, paid directly to the partners.
The Articles of Partnership are amended as follows for allocation of net income:
(a)In addition to Matthew’s compensation allowance, Michael will receive a compensation
allowance of $1,575 per month, and Maxwell $1,260 per month.
(b)Unchanged.
(c)Matthew, Michael, and Maxwell are to receive bonuses of 12.5%, 12.5% and 10%,
respectively, of net income after the compensation allowances, interest, and bonuses. Negative
bonuses are not allowed.
(d)Remainder of profit to be allocated in a 40:35:25 ratio, Matthew:Michael:Maxwell.
(e)Remainder of loss to be allocated equally among the three partners.
Net partnership income for 2016 was $262,500.
2017:
Morgan (Michael’s younger brother) is admitted to the partnership (MM MM Goode) on January
2, 2017. He purchases a 32% interest for a cash payment of $260,000, paid directly to the
partnership.
The Articles of Partnership are amended as follows for allocation of net income:
(a)Partners will receive the following compensation allowances per month: Matthew, $3,150;
Michael, $2,625; Maxwell, $2.200; and Morgan, $2,000.
(b)Unchanged.
(c)Matthew, Michael, Maxwell, and Morgan are to receive bonuses of 12%, 12%, 10%, and
10%, respectively, of net income after the co.
Our project is a web based application targeting international studen.pdf
Our project is a web based application targeting international students in Australia. We the
students are basically unaware of our cultural/religious events and functions happening in
different universities. There are not such web page applications or platforms on which we can
synchronize with which event is happening where. So, we want to develop a website in which all
students can have a look at which function is going on in other/same institutes so that interested
students can visit their respective events. For example, Muslim students of UOW can see what
type of religious events are going on in the holy month of Ramadan in other universities such as
UTS, CSU, etc. To create the web application, we will use the JavaScript framework AngularJS,
which provides an organized strategy, efficient code organization, and reusable components. For
the backend, we chose .NET Core to handle user tokens, user registration and login management
for the API. Moreover, AWS will handle authentication/authorization, and SQL will manage the
database. This is the idea of the proiect.Please could vou write the Abstract for this proiect
including.
launched a fusillade of toxic chemin february 2023 that nearly 2 . Th.pdf
launched a fusillade of toxic chemin february 2023 that nearly 2 . The nearly 2-mile Norfolk
Southern train that derailed and cought fire on February 3 was carrying toxic and flammable
materials, including hundreds of thousands of pounds of vinyl chloride, a common organic
chemical used in the production of plastics. During the four years of Donald Trump's (R)
Presidency the White House and Republicans in Congress sided with the rail industry's battle
against additional safety measures and successfully rolled back health, hazardous materials, and
safety regulations put in place under President Barack Obama (D). Now there is pushback from
Republicans in Congress to the proposal of the Biden Administration to re-institute rail
regulations from the Obama Administration. In addition, there is disagreement between the
major freight railroads and the federal government over whether workers can use a government
hotline to report safety concerns. After the fiery Ohio derailment, railroad firms made a promise
to join the same hotline reporting program that airlines use. Now the freight railroads are
disciplining workers who report safety concerns. "Their opposition to this hotline - which only
increases protection for public-is just part of a decades-old effort to suppress reporting of
possible hazards so that they can appear to the public and regulators as acting more safely than
they are," said Debbie Berkowitz, a former top-ranking official at the Occupational Safety and
Health Administration during the Obama administration that put in regulations on the rail
industry. For years, major freight railroads have resisted joining a worker safety hotline because
they believe their own internal reporting systems are sufficient. But railroad unions say without
federal protection, workers don't use hotlines because they fear retribution. Passenger service
Amtrak uses the government reporting program, but none of the big freight railroads have signed
on to it.
5A. Construct a market diagram for rail transport of hazardous materials assuming both supply
and demand have some elasticity and assuming safety regulations are in place from the Obama
Administration. Assume supply and demand have some elasticity. Label initial demand and
supply and price and quantity with subscript " 1 ". 5B. Construct a combined market diagram of
clean air and clean water adjacent and above rail tracks that transport hazardous materials
assuming: (i) demand has some elasticity, (ii) supply is perfectly inelastic, and (iii) safety
regulations are in place from the Obama Administration. Label initial demand and supply and
price and quantity with subscript " 1 ". 5C. Return to the market diagram for rail transport in 5A,
make changes to the market as result of actions under the Trump Administration. Label new
demand and/or supply curves and new price and quantity with subscript " 2 ". 5D. Return to the
market diagram in 5B for clean air and clean water adjacent and above rail tracks th.
Journalize the transactions and the closing entry for net income. .pdf
Journalize the transactions and the closing entry for net income. (List all debit entries before
credit entries. Record journal entries in the order presented in the problem. Credit account titles
are automatically indented when amount is entered. Do not indent manually.)
Enter the beginning balances in the accounts, and poat the journal entries to the stockhol ders'
equity accounts. (Use J5 for the
(c) Prspars a stockhalders' squity section at Decamber 31, 2022. (Enter the account name only
and do not provide the descriptive information provided in the question.) CULVER
CORPORATION Balance Sheet (Partial) $$
The stockholders' equity accounts of Culver Corporation on January 1, 2022, were as follows.
During 2022, the corporation had the following transactions and events pertaining to its
stockholders' equity. Feb. 1 Issued 24,000 shares of common stock for $116,000. Apr. 14 Sold
6,000 shares of treasury stock-common for $32,900. Sept. 3 Issued 5,200 shares of common
stock for a patent valued at \$35,700. Nov. 10 Purchased 1,000 shares of common stock for the
treasury at a cost of $5,700. Dec. 31 Determined that net income for the year was $415,000. No
dividends were declared during the year..
On a cell phone form factor, ONLY the list fragment shows, or the .pdf
On a cell phone form factor, ONLY the list fragment shows, or the detail fragment shows. Demo
this and clearly describe why it works. On a tablet or foldable, the list and detail are displayed
side by side. There is a bug in the starter project, describe what the defect(s) was(were). You
need to do this even if you build from scratch. Demo this on a large screen format (foldable,
tablet) and describe how it works differently than on a cell phone form factor Compete the
challenge provided in 6.7.1. Demo and describe how it works. Describe another way 6.7 .1 could
be achieved without creating the layout-w600dp file(hint: 6.7 .1 specifies creation of a Layout
for phone in landscape orientation.)
private class Bandadapter (private vat bandList: List( ) i vat layoutinflater - L Layoutinflater,
fren (parent, context) return BandHoldor(layoutinflater, parent) ? override fun
orbineviewHelese(helder: Banaliotder, position: ist) ( vat band = bandListtoosition] hotbec
;olnd(band) potder.iteavien.tag = bandide holder, itenview, setancuchlistener (oncucktistenor) +
override fun getitencount 0 : int 1 return bandList.sire + ) private elass BandHoldec(infloter:
Leyoutinflatec, parent: Viewlicosp?) : orivate vat nanelextviaw textvins Init 1
Create an app using the Primary/Detail pattern. You will provide a responsive app similar to
what is shown here on a cell phone form factor: And, on a foldable form factor: Finally, on a
phone in landscape mode (challenge from section Try 6.7.1) You can build from scratch or start
with the starter project provided in Canvas.
2. Aodralathanifent umi val band = baadlistiposifion] holder bind (band) botden.iteuviow.tog w
band. 20 holder , itenViow, setonclickistener (ancticklistener) sverride fun petitencount (): Int if
return bandist.aize 1) private olass Bandfolder (inflatec: Layoutinflater, parant: YiewGroupr) :
private vat nanefextvirw: Textvien indt 4 fun bind(colar: Catar) 1 naberextview, text = cotor, tant
package edu.piednont. cs. fragstuff import android, content. Context Netass Colochepositony 1
//3 ctass Cotoriepository private constructor(context: Context) if var colorlist: Nutabletistecplors
= autabletistofo) coepanion object 1 private var instance: Cotorfepository? = nutt fun
getinstance(context: Context) : Cotorkepository 1 if (instance ai nutt) i instance *
colorRedository (context) return instancell 1. init 1 val bands = context, reseurces,
getstringArroy (R,array, celecs) val descriptions = context, resources-getstmingAfroy (R. array.
desceiations) for ( i in bands, indices) i cotorlist, add (Color ( igi 1,1 , Dands[1], deseriptions [1])
)
s1.. cin: (4). Stin. erextrieons ef.. andcofd:Layout, height " "notch_parent"-., ch
android:text="getring/helto_olabk_fragment" /sw. si- endeoidiorientotions"verticat*... 4) -..
androidapedainge"sedp" caedroiax, censtraintlayout. widget, Constraintlayout selna:app
*hetp://achesas android, eos/agk/ras-aute? andreididen"endo/iten_tist,oantainer" andreid:
Lyout_nidth" "aatch.
JCL incorporated is a major chip manufacturing firm that sells its pr.pdf
JCL incorporated is a major chip manufacturing firm that sells its products to computer
manufacturers like Dell, Gateway, and others. In simplified terms, chip making at JCL
Incorporated involves three basic operations: depositing, patterning, and etching. - Depositing:
Using chemical vapor deposition (CVD) technology, an insulating material is deposited on the
wafer surface, forming a thin fayer of solid material on the chip. - Patterning: Photolithography
projects a microscopic circuit pattern on the wafer surface, which has a light-sensitive chemical
like the emulsion on photographic film. It is repeated many times as each layer of the chip is
buit. - Etching: Etching removes selected material from the chip surfoce to create the device
structures. The table below lists the required processing times and setup times at each of the
steps. There is unlimited spoce for buffer Inventory between these steps. Assume that the unit of
production is a wafer, from which individual chips are cut at a later stage. a. What is the process
capacity in units per hour with a batch size of 150 wafers? Note: Do not round intermediate
calculations. Round your answer to 2 decimal places. b. What is the utilization of depositing if
the batch size is 150 wafers? Note: Do not round intermediate calculations. Round your answer
to 2 decimal places..
Joumalize the four summary entries on August 31 to record.pdf
Joumalize the four summary entries on August 31 to record each of the following for the month.
Aelor to the chart of accounts for the exact wording of the account titles. CNOW journals do not
use fines for joumal explanations. Every line on a journal page is used for debit or credt entries.
CNOW journals will aufomatically indent a credit entry when a credit amount is entered. a.
Direct labor costs b. Media purchases c. Overhead applied d. Completion of Vault Bank and
Take Or Airlines campaigns
t of Accounts 191 Office Equipment 192 Accumulated Depreciation-Office Equipment
LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest
Payable 241 Lease Payable 251 Salaries Payable 252 Consultant Fees Payable 534 Office
Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Office Equipment
590 Miscellaneous Expense 710 Interest Expense EQUITY 311 Common Stock 340 Retained
Earnings 351 Dividends
Pace 10
Chart of Accounts CHART OF ACCOUNTS The Fly Company General Ledger ASSETS 110
Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 132 Work in
Process 133 Agency Overhead 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 191
Office Equipment 192 Accumulated Depreciation-Office Equipment REVENUE 410 Fees
Earned 610 Interest Revenue EXPENSES 510 Cost of Services 520 Salaries Expense 531 Selling
Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540
Administrative Expenses 560 Depreciation Expense-Office Equipment 590 Miscellaneous
Expense LIABILITIES
At the end of August, both the Vault Bank and Take Off Airlines campaigns were completed.
The costs of completed campaigns are debited to the cost of services acoount Required:
Journalize the four summary entries on August 31 to record each of the following for the month.
Refer to the chart of accounts for the exact wording of the account tifles. CNOW joumats do not
use lines for joumal explanations. Every ine on a joumal page is used for debit or credit entries.
CNOW joumals will automatically indent a credit entry when a credit amount is entered. a.
Direct labor costs b. Media purchases c. Overhead applied d. Completion of Vault Bank and
Take Orf Airlines campaigns
The Fly Company provides advertising services for clients across the nation. The Fly Company
is presently working on four projects, each for a different client. The Fly Company acoumulates
costs for each acoount (client) on the basis of both drect costs and allocated indirect costs. The
direct costs include the charged fime of professional personnel and media purchases (air time and
ad space). Overhead is allocated to each project as a percentage of media purchases. The
predetermined everhead rate is 65% of media purchases. On August 1, the four advertising
peojects had the following accumulated costs: During August, The Fly Company incurred the
following diect labor and media purchase costh related to preparing advertising for each of the
fou.
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH ANSWERS.
More Related Content
Similar to Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. The .pdf
The stockholders' equity accounts of Sheffield Corporation on January.pdf
The stockholders' equity accounts of Sheffield Corporation on January 1, 2022, were as follows.
During 2022, the corporation had the following transactions and events pertaining to its
stockholders ' equity. Feb. 1 Issued 24,000 shares of common stock for $117 , 000 . Apr. 14 Sold
6,000 shares of treasury stock-common for $33 , 700 . Sept. 3 Issued 5,100 shares of common
stock for a pathit valued at $35 , 000 . Nov. 10 Purchased 1,100 shares of common stock for the
treasury at a cost of $5 , 700 . Dec. 31 Determined that net income for the year was $420 , 000 ,
No dividends were declared during the year. Journalize the transactions and the closing entry for
net income. (List all debit entries before credit entries. Record journal entries in the order
presented in the problem. Credit account titles are automatically indented when amount is
entered. Do not indent manually.) Enter the beginning balances in the accounts, and post the
journal entries to the stockholders' equity accounts. (Use J5 for the posting reference.)
(Postentries in the order of joumal entries presented in the previous part.) Preferred Stock
Retained Earnings eTextbook and Media Assistance Used List of Accounts Attempts: 3 of 5 used
Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and
do not provide the descriptive information provided in the question.) SHEFFIELD
CORPORATION Balance Sheet (Partial) December 31,2022 Stockholders' Equity Paid-in
Capital Capital Stock: Preferred Stock Common Stock Total Capital Stock Additional Paid in
Capital Paid in Capital in Evcess of Par-Preferred Stock Paid in Capital in Excess of Stated
Value Common Stock Paid-in Caphtal from Treasury Stock Total Additional Paidfin Capitat
Total Paid-in Capital Retained Earnines Total Paid-in Capital and Retahed Cornizgs ? Treasary
stock Total Stockholders' Equity.
In Iate 2012- the Micklaus Corporation was formed- The corporate chart.docx
In Iate 2012. the Micklaus Corporation was formed. The corporate charter authorizes the issuance of 6.030,330 shares of common stock carrying a SI par value, and 2,000,000 shares of $5 par value, noncumulative. nonparticipating preferred stock. On January 2. 2013, 4,000.000 shares of the common stock are issued in exchange for cash at an average price of $10 per share. Also on January 2, all 2,000,000 shares of preferred stock are issued at 520 per share. Required: 1. Prepare journal entries to record these transactions. (If no entry is required for a particular transaction, select ?No journal entry required? in the first account field. Enter your answers in whole dollars.) 2. Prepare the shareholders equity section of the Nicklaus balance sheet as of March 31, 2013. Assume net income for the first quarter 2013 was $1,750,330.) (Enter your answers in whole dollars.) Shareholder\'s equity Total shareholder\'s equity
Solution
1.
2. Ncklaus Corporation
Balance sheet - Shareholders\' Equity section
March 31, 2013
.
ACC 423 Final Exam Guide/uophelp.com
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This Tutorial contains Excel File which can be used for any change in values
Week 5 Final Exam
CPA Question 01
CPA Question 02
CPA Question 05
Question 29
Brief Exercise 15-4
Exercise 15-1
ACC 423 Education Organization / snaptutorial.com
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This Tutorial contains Excel File which can be used for any change in values
Week 5 Final Exam
CPA Question 01
Acc 423 final exam guide (new 2017, with excel file)ACC 423 Final Exam Guide ...
For more classes visit
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Exercise 22-19
A partial trial balance of Bramble Corporation is as follows on December 31, 2018.
Dr.
Cr.
Supplies
$2,600
Salaries and wages payable
$1,500
Interest Receivable
Included in the December 31, 2015, Jacobi Company balance sheet wa.docx
Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section:
Jacobi Company
Balance Sheet (Shareholders' Equity)
December 31, 2015
1
Contributed Capital:
2
Preferred stock, 6%, $100 par
$200,000.00
3
Additional paid-in capital on preferred stock
12,000.00
$212,000.00
4
Common stock, $5 par
$150,000.00
5
Additional paid-in capital on common stock
240,000.00
390,000.00
6
Total contributed capital
$602,000.00
7
Retained earnings
627,000.00
8
Accumulated other comprehensive income (loss):
9
Unrealized decrease in value of available-for-sale securities
(41,000.00)
10
Total contributed capital, retained earnings, and accumulated other comprehensive income
$1,188,000.00
11
Less: Treasury stock (1,000 shares of common stock at cost, acquired on 2/3/2015)
(20,000.00)
12
Total Shareholders’ Equity
$1,168,000.00
The company engaged in the following stock transactions during 2016:
Jan.
4
Paid the semiannual dividend on the outstanding preferred stock and a $1.60 per share annual dividend on the outstanding common stock. These dividends had been declared on December 1, 2015.
5
Issued 500 shares of preferred stock at $110 per share.
22
Issued 4,000 shares of common stock at $23 per share.
Apr.
2
Reissued 700 shares of treasury stock at $24 per share.
May
14
Declared a 10% stock dividend on the outstanding common stock, payable on June 29. The common stock is currently selling for $25 per share.
Jun.
4
Declared the semiannual cash dividend on the outstanding preferred stock, payable on July 5.
29
Issued the stock dividend declared on May 14.
Jul.
5
Paid the cash dividend declared on June 4.
20
Split the common stock 2-for-1 and reduced the par value to $2.50 per share.
Aug.
3
Declared a property dividend, payable to common shareholders on September 14. The dividend consists of an available-for-sale investment in 50 Drot Company bonds. The bonds had been acquired for $45,000, but have a carrying value of $30,000. The bonds are currently selling for $20,000.
Sep.
14
Paid the property dividend declared on August 3.
Dec.
3
Declared the semiannual cash dividend on the outstanding preferred stock and a $0.90 per share annual dividend on the outstanding common stock.
Required:
1.
Prepare journal entries to record the preceding transactions.
2.
Prepare the December 31, 2016, shareholders’ equity section (assume that 2016 net income was $270,000).
X
.
Included in the December 31, 2015, Jacobi Company balance sheet .docx
Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section:
Jacobi Company
Balance Sheet (Shareholders' Equity)
December 31, 2015
1
Contributed Capital:
2
Preferred stock, 6%, $100 par
$200,000.00
3
Additional paid-in capital on preferred stock
12,000.00
$212,000.00
4
Common stock, $5 par
$150,000.00
5
Additional paid-in capital on common stock
240,000.00
390,000.00
6
Total contributed capital
$602,000.00
7
Retained earnings
627,000.00
8
Accumulated other comprehensive income (loss):
9
Unrealized decrease in value of available-for-sale securities
(41,000.00)
10
Total contributed capital, retained earnings, and accumulated other comprehensive income
$1,188,000.00
11
Less: Treasury stock (1,000 shares of common stock at cost, acquired on 2/3/2015)
(20,000.00)
12
Total Shareholders’ Equity
$1,168,000.00
The company engaged in the following stock transactions during 2016:
Jan.
4
Paid the semiannual dividend on the outstanding preferred stock and a $1.60 per share annual dividend on the outstanding common stock. These dividends had been declared on December 1, 2015.
5
Issued 500 shares of preferred stock at $110 per share.
22
Issued 4,000 shares of common stock at $23 per share.
Apr.
2
Reissued 700 shares of treasury stock at $24 per share.
May
14
Declared a 10% stock dividend on the outstanding common stock, payable on June 29. The common stock is currently selling for $25 per share.
Jun.
4
Declared the semiannual cash dividend on the outstanding preferred stock, payable on July 5.
29
Issued the stock dividend declared on May 14.
Jul.
5
Paid the cash dividend declared on June 4.
20
Split the common stock 2-for-1 and reduced the par value to $2.50 per share.
Aug.
3
Declared a property dividend, payable to common shareholders on September 14. The dividend consists of an available-for-sale investment in 50 Drot Company bonds. The bonds had been acquired for $45,000, but have a carrying value of $30,000. The bonds are currently selling for $20,000.
Sep.
14
Paid the property dividend declared on August 3.
Dec.
3
Declared the semiannual cash dividend on the outstanding preferred stock and a $0.90 per share annual dividend on the outstanding common stock.
Required:
1.
Prepare journal entries to record the preceding transactions.
2.
Prepare the December 31, 2016, shareholders’ equity section (assume that 2016 net income was $270,000).
X
...
Acc225 liability case due 7 pm est on february 16, 2021
Acc225 liability case due 7 pm est on february 16, 2021
At January 1 2020 Monty Companys outstanding shares inclu.pdf
At December 31, Year 1, the accounting records of Hercules Manufacturing, Incorporated contain
the following items: Accounts Payable $ 12,000 Accounts Receivable $ 30,000 Land 90,000 Cash
7,000 Building 250,000 Equipment ? Notes Payable 135,000 Capital Stock 188,000 Retained
Earnings ? If total assets of Hercules Manufacturing, Incorporated are $556,000, Equipment is
carried in Hercules Manufacturing accounting records at: Question 4 options: $377,000. $179,000.
$150,000. $90,000..
Skysong Co. has the following defined benefit pension plan balances .docx
Skysong Co. has the following defined benefit pension plan balances on January 1, 2020.
Projected benefit obligation$4,619,000Fair value of plan assets4,619,000
The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pension agreement so that prior service costs of $595,000 are created. Other data related to the pension plan are:
20202021
Service cost$151,000$169,000Prior service cost amortization089,000Contributions (funding) to the plan201,000186,000Benefits paid220,000283,000Actual return on plan assets253,000347,000Expected rate of return on assets6%8%Prepare a pension worksheet for the pension plan in 2020.
(Enter all amounts as positive.)
SKYSONG
COMPANY
Pension Worksheet—2020
General Journal Entries
Memo Record
Items
Annual Pension
ExpenseCashOCI—Prior
Service CostOCI— Gain/
LossPension Asset/
Liability
Projected Benefit
ObligationPlan
Assets
Balance, Jan. 1, 2020$ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr. Service cost Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Interest cost Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Actual return Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Unexpected loss Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Contributions Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Benefits Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Journal entry for 2020$ Dr.Cr. $ Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Accumulated OCI Dec. 31, 2019 Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Dr.Cr. Balance, Dec. 31, 2020$ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr. $ Dr.Cr.
eTextbook and Media
List of Accounts
Prepare any journal entries related to the pension plan that would be needed at December 31, 2020.
(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.)
DateAccount Titles and ExplanationDebitCredit
Dec. 31, 2020
eTextbook and Media
List of Accounts
Prepare a pension worksheet for 2021.
(Enter all amounts as positive.)
SKYSONG
COMPANY
Pension Worksheet—2020 and 2021General Journal EntriesMemo RecordItemsAnnual Pension
ExpenseCashOCI—Prior
Service CostOCI— Gain/
LossPension Asset/
LiabilityProjected Benefit
ObligationPlan
Assets
Balance, Jan. 1, 2020$4,619,000Cr.$4,619,000Dr.Service cost$151,000Dr.151,000Cr.Interest cost461,900Dr.461,900Cr.Actual return253,000Cr.253,000Dr.Unexpected loss24,140Dr.$24,140Dr.Contributions$201,000Cr.201,000Dr.Benefits220,000Dr.220,000Cr.Journal entry for 2020$335,760Dr.$201,000Cr.24,140Dr.$158,900Cr.Accumulated OCI Dec. 31, 20190Balance, Dec. 31, 2020$24,140Dr.$158,900Cr.5,011,900Cr.4,853,000Dr.Additional PSC, 1/1/2021 Dr.Cr. Dr.Cr.$ Dr.Cr. Dr.Cr. .
Acc 423 final exam guide (new 2018, with excel file)
For more course tutorials visit
uophelp.com is now newtonhelp.com
www.newtonhelp.com
This Tutorial contains Excel File which can be used for any change in values
Week 5 Final Exam
CPA Question 01
CPA Question 02
CPA Question 05
Question 29
Brief Exercise 15-4
Exercise 15-1
CPA Question 04
CPA Question 06
Exercise 44. Accounting for prepaid expenses and unearned revenu.docx
Exercise 4
4. Accounting for prepaid expenses and unearned revenues. Hawaii-Blue began business on January 1 of the current year and offers deep-sea fishing trips to tourists. Tourists pay $125 in advance for an all-day outing off the coast of Maui. The company collected monies during January for 210 outings, with 30 of the tourists not planning to take their trips until early February.
Hawaii-Blue rents its fishing boat from Pacific Yacht Supply. An agreement was signed at the beginning of the year, and $72,000 was paid for the rights to use the boat for 2 full years.
1. Prepare journal entries to record (1) the collection of monies from tourists and (2) the revenue generated during January.
2. Calculate Hawaii-Blue's total obligation to tourists at the end of January. On what financial statement and in which section would this amount appear?
3. Prepare journal entries to record (1) the payment to Pacific Yacht Supply and (2) the subsequent adjustment on January 31.
4. On what financial statement would Hawaii-Blue's January boat rental cost appear?
Exercise 8
8. Closing entries. Gomez Company had the following adjusted trial balance on December 31:
Cash
$ 2,300
Accounts Receivable
16,500
Prepaid Insurance
1,200
Land
40,000
Accounts Payable
$ 1,800
Miguel Gomez, Capital
43,700
Miguel Gomez, Drawing
2,500
Service Revenue
38,000
Rent Expense
9,000
Insurance Expense
5,400
Advertising Expense
3,500
Utilities Expense
3,100
$83,500
$83,500
1. Prepare the closing entries that Gomez would record on December 31.
Problem 3
Adjusting entries. You have been retained to examine the records of Kathy's Day Care Center as of December 31, 20X3, the close of the current reporting period. In the course of your examination, you discover the following:
1. On January 1, 20X3, the Supplies account had a balance of $2,350. During the year, $5,520 worth of supplies was purchased, and a balance of $1,620 remained unused on December 31.
2. Unrecorded interest owed to the center totaled $275 as of December 31.
3. All clients pay tuition in advance, and their payments are credited to the Unearned Tuition Revenue account. The account was credited for $75,500 on August 31. With the exception of $15,500, which represented prepayments for 10 months' tuition from several well-to-do families, all amounts were for the current semester ending on December 31.
4. Depreciation on the school's van was $3,000 for the year.
5. On August 1, the center began to pay rent in 6-month installments of $21,000. Kathy wrote a check to the owner of the building and recorded the check in Prepaid Rent, a new account.
6. Two salaried employees earn $400 each for a 5-day week. The employees are paid every Friday, and December 31 falls on a Thursday.
7. Kathy's Day Care paid insurance premiums as follows, each time debiting Prepaid Insurance:
Date Paid
Policy No.
Length of Policy
Amount
Feb. 1, 20X2
1033MCM19
1 year
$540
Jan. 1, 20X3
7952789HP
1 year
912
Aug. 1, 20X3
XQ943675ST
2 ...
2015Matthew and Michael Goode (cousins) decide to form a partners.pdf
2015:
Matthew and Michael Goode (cousins) decide to form a partnership (M&M) on April 1, 2015.
Each contributed personally-owned assets to start the new company. Matthew Goode contributed
$100,250 in cash and property with book value of $57,750 and appraised value of $78,750.
Michael Goode contributed cash of $99,750; computer equipment with book value of $52,500
and appraised value of $21,000; a software library with book value of $63,000 and appraised
value of $23,500; and office equipment with book value of $57,750 and appraised value of
$26,250. M&M operates on a calendar year.
The Articles of Partnership stipulate that no goodwill is to be recognized and that the two will
start with capital balances equal to their contributions. Monthly cash draws of $1,350 each are
allowed, beginning June 1, 2015. Net income is to be allocated as follows:
(a)Matthew is to receive a compensation allowance of $2,625 per month for managing the day-
to-day operations of the partnership.
(b)Interest of 12.25% to be paid on ending balances of capital accounts, PLUS 15% interest on
ending capital balances in excess of $262,500 (all interest to be calculated without current
income allocation).
(c)Each partner is to receive a bonus equal to 15% of net income, after the compensation
allowance, interest, and bonuses. Negative bonuses are not allowed.
(d)Remainder of profit to be allocated in a 55:45 ratio, Matthew:Michael.
(e)Remainder of loss to be allocated in a 50:50 ratio.
Net partnership income for 2015 was $210,000.
2016:
June 1, 2016, Maxwell Goode (Matthew’s twin brother) joins the partnership (ThreeM). He
purchases 1/3 of Matthew’s ownership interest for cash of $78,750 and 1/4 of Michael’s
ownership interest for cash of $63,000, paid directly to the partners.
The Articles of Partnership are amended as follows for allocation of net income:
(a)In addition to Matthew’s compensation allowance, Michael will receive a compensation
allowance of $1,575 per month, and Maxwell $1,260 per month.
(b)Unchanged.
(c)Matthew, Michael, and Maxwell are to receive bonuses of 12.5%, 12.5% and 10%,
respectively, of net income after the compensation allowances, interest, and bonuses. Negative
bonuses are not allowed.
(d)Remainder of profit to be allocated in a 40:35:25 ratio, Matthew:Michael:Maxwell.
(e)Remainder of loss to be allocated equally among the three partners.
Net partnership income for 2016 was $262,500.
2017:
Morgan (Michael’s younger brother) is admitted to the partnership (MM MM Goode) on January
2, 2017. He purchases a 32% interest for a cash payment of $260,000, paid directly to the
partnership.
The Articles of Partnership are amended as follows for allocation of net income:
(a)Partners will receive the following compensation allowances per month: Matthew, $3,150;
Michael, $2,625; Maxwell, $2.200; and Morgan, $2,000.
(b)Unchanged.
(c)Matthew, Michael, Maxwell, and Morgan are to receive bonuses of 12%, 12%, 10%, and
10%, respectively, of net income after the co.
Similar to Mary Dvorak organized Mullin Enterprises, Inc., in January 2019. The .pdf (15)
The stockholders' equity accounts of Sheffield Corporation on January.pdf
The stockholders' equity accounts of Sheffield Corporation on January.pdf
In Iate 2012- the Micklaus Corporation was formed- The corporate chart.docx
In Iate 2012- the Micklaus Corporation was formed- The corporate chart.docx
Acc 423 final exam guide (new 2017, with excel file)ACC 423 Final Exam Guide ...
Acc 423 final exam guide (new 2017, with excel file)ACC 423 Final Exam Guide ...
Included in the December 31, 2015, Jacobi Company balance sheet wa.docx
Included in the December 31, 2015, Jacobi Company balance sheet wa.docx
Included in the December 31, 2015, Jacobi Company balance sheet .docx
Included in the December 31, 2015, Jacobi Company balance sheet .docx
Acc225 liability case due 7 pm est on february 16, 2021
Acc225 liability case due 7 pm est on february 16, 2021
At January 1 2020 Monty Companys outstanding shares inclu.pdf
At January 1 2020 Monty Companys outstanding shares inclu.pdf
Skysong Co. has the following defined benefit pension plan balances .docx
Skysong Co. has the following defined benefit pension plan balances .docx
Acc 423 final exam guide (new 2018, with excel file)
Acc 423 final exam guide (new 2018, with excel file)
Exercise 44. Accounting for prepaid expenses and unearned revenu.docx
Exercise 44. Accounting for prepaid expenses and unearned revenu.docx
2015Matthew and Michael Goode (cousins) decide to form a partners.pdf
2015Matthew and Michael Goode (cousins) decide to form a partners.pdf
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launched a fusillade of toxic chemin february 2023 that nearly 2 . Th.pdf
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and demand have some elasticity and assuming safety regulations are in place from the Obama
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supply and price and quantity with subscript " 1 ". 5B. Construct a combined market diagram of
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JCL incorporated is a major chip manufacturing firm that sells its products to computer
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Using chemical vapor deposition (CVD) technology, an insulating material is deposited on the
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t of Accounts 191 Office Equipment 192 Accumulated Depreciation-Office Equipment
LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest
Payable 241 Lease Payable 251 Salaries Payable 252 Consultant Fees Payable 534 Office
Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Office Equipment
590 Miscellaneous Expense 710 Interest Expense EQUITY 311 Common Stock 340 Retained
Earnings 351 Dividends
Pace 10
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Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 132 Work in
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Office Equipment 192 Accumulated Depreciation-Office Equipment REVENUE 410 Fees
Earned 610 Interest Revenue EXPENSES 510 Cost of Services 520 Salaries Expense 531 Selling
Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540
Administrative Expenses 560 Depreciation Expense-Office Equipment 590 Miscellaneous
Expense LIABILITIES
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Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityAkanksha trivedi rama nursing college kanpur.
Natural birth techniques are various type such as/ water birth , alexender method, hypnosis, bradley method, lamaze method etcCACJapan - GROUP Presentation 1- Wk 4.pdf
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
special B.ed 2nd year old paper_20240531.pdf
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Slide Shere :-
https://www.slideshare.net/shabnambano20?utm_campaign=profiletracking&utm_medium=sssite&utm_source=ssslideview
Embracing GenAI - A Strategic Imperative
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Overview on Edible Vaccine: Pros & Cons with Mechanism
This ppt include the description of the edible vaccine i.e. a new concept over the traditional vaccine administered by injection.
Model Attribute Check Company Auto Property
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Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Digital Tools and AI for Teaching Learning and Research
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Biological screening of herbal drugs: Introduction and Need for
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Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
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The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
1.4 modern child centered education - mahatma gandhi-2.pptx
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