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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
3/1. issued 1,000 shares of $10 par value common stock at $52 per share for cash 3/15.purchased with cash 100 shares of Treasury stock at $25 per share 4/30.sold for cash 50 shares of Treasury stock that was purchased at $28 per share 6/1.delcared a dividend of $1.00 per share on the outstanding shares of common stock at 6/1 6/30 paid the dividend declared on 6/1 7/1 issued $1,000,000 of 5-year, 5% bonds at 97 7/1 purchased 2,500 shares of the 10,000 outstanding common shares of Fyer,inc. for $75,000(holdings over 20% represent significant influence over investee requiring the equity method of accounting) 10/1 received a cash dividend of $1 per share on the Fyer, inc, stock acquired on 7/1 12/31 semiannual payment of interest expense on $1,000,000 of 5% bonds issued 7/1 12/31 amortization of bond discount or premium using the straight-line method of amortization (for 6 month period) 12/31 Fyer, inc. reported net income of $10,000 for the 6-month period just ended. Provide the entry to record the appropriate share of income as warranted accruing to Dryer and Bryer, inc.
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