Equity Theories
Title: Equity Theories
Category: /Science & Technology/Chemistry
Details: Words: 869 | Pages: 3 (approximately 235 words/page)
Equity Theories
Category: /Science & Technology/Chemistry
Details: Words: 869 | Pages: 3 (approximately 235 words/page)
Scenario
Examine the following document:
Revenues: $1,000,000
Operating Expenses:
- Cost of goods sold: $400,000
- Depreciation: $100,000
- Salaries and wages: $200,000
Bond interest (8% debentures sold at a maturity value of $1,000,000<Tab/>$80,000
Dividends declared on 6% preferred stock (par value $500,000)<Tab/>$30,000
Dividends declared of $5 per share on common stock (20,000 shares outstanding)<Tab/>$100,000
Based on this information you are to complete the following tasks:
1. Determine the income under
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ventureline.com/glossary_P.asp
VentureLine. (2005). Accounting Terms - Accounting Dictionary - Accounting Glossary "E". Retrieved January 13, 2006, from VentureLine: http://www.ventureline.com/glossary_E.asp
VentureLine. (2005). Accounting Terms - Accounting Dictionary - Accounting Glossary "R". Retrieved January 13, 2006, from VentureLine: http://www.ventureline.com/glossary_R.asp
Wolk, H. I., Dodd, J. L., & Tearney, M. G. (2004). Accounting Theory: Conceptual Issues in a Political and Economic Environment (6e). Mason, Ohio: Thomson Learning - South-Western.