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(Part A, Part B, and Part C) Hello If anyone can help me with this three part problem that I don't seem to get that
(Part A, Part B, and Part C) Hello If anyone can help me with this three part problem that I don't seem to get that would be greatly appreciated and if you can make sure it's correct.Thanks again
Part A
Part B
Part C
Taxes Corp. issues 1200 shares of $10 par value common stock at $15 per share. When the transaction is recorded, credits are made to Common Stock $12000 and Paid-in Capital in Excess of Par $6000. a. b. Common Stock $12000 and Retained Earnings $6000. Common Stock $18000. C. Common Stock $12000 and Paid-in Capital in Excess of Stated Value $6000. The cumulative effect of the declaration and payment of a cash dividend on a company's balance sheet is to decrease current liabilities and stockholders' equity. a. increase current liabilities and stockholders' equity. c. increase total assets and stockholders' equity decrease stockholders' equity and total assets. d. The net income of the Alex and Browning partnership is $250,000. The partnership agreement specifies that Alex and Browning have a salary allowance of $120,000 and $180,000, respectively. The partnership agreement also specifies an interest allowance of 10% on capital balances at the beginning of the year. Each partner had a beginning capital balance of $300,000. Any remaining net income or net loss is shared equally. What is Alex's share of the $250,000 net income? $120,000 a. $95,000 O b. $155,000 C. $300,000 d
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