ACC 101 EXAM 3 TEMPLATES.xlsx - Fixed assets Natural Resourses Intangible assets depreciation depletion amortization equipment bulidings etc gold trees

ACC 101 EXAM 3 TEMPLATES.xlsx - Fixed assets Natural...

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Fixed assets depreciation equipment, bulidings etc Natural Resourses depletion gold, trees, oil etc Intangible assets amortization patents, copy rights, goodwill etc 1. Required preferred stock $per share 4%*125= 5 (13-1a) 2. $5 * 18000 (#of PS SHARES)= 90000 3. Allocate total dividend Key to preferred stock= not required to pay it out but you cant pay anything to common stock unti So if you pay a 72000 none of it goes to common stock because it is not over 90000
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Preferred Stock Arrears Years Total Dollars Dollars per share 1 10,000.00 10,000.00 4.00 15,000.00 2 25,000.00 25,000.00 10.00 15,000.00 3 60,000.00 40,000.00 16.00 - 4 - - 25,000.00 5 - - 50,000.00 6 - - 75,000.00 Perferred Stock 2,500.00 Commo % Cost Pay 0.10 100.00 10.00 25,000.00
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Common Stock Dollars Dollars per Share - - - - 20,000.00 0.40 - - - - - - on Stock 50,000.00
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PR 10-1 A Item # Transaction Amount a Fees Paid to Attorney $3,000 b Cost of Real Estate Aquired as Plant Site: Land $320,000 Bulding $30,000 c Special Assemsnt Paid to the City for Extention of water $18,000 d Cost of razing and removing building $5,000 e Proceeds form sale of salvaged materials from old ($3,000) f Delinuquent on One year insurance $12,000 g Premium on one-year insurance $4,200 h
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