On 12/14/2016 the Board of Directors declared a $2.00 per share dividend to be paid on 1/15/2017 to the shareholders of record on 12/28/2016. The Ex-dividend date for this stock is 12/26/2016.   Which of the dates listed below is the most relevant if you want to wait to purchase the stock, but make sure you purchase in time to ensure that you receive the dividend?

In 2019, Fun Company reports $5,000,000 of Net Income in the current year, after taking out 35% for taxes. They began the year with 2,000,000 shares of common stock.  On 4/1/2019 they issue an additional 1,200,000 shares and on 10/1/2019 they repurchase 400,000 shares.  Fun Company has 100,000 shares of $100 par, 5% cumulative preferred stock and while they pay no cash dividends in the current year they did pay a 20% stock dividend on 3/1/2019 to their common shareholders. What is the weighted average common shares outstanding for 2019?  

ABC Corp. reported an ending cash balance of $200,000 on 12/31/2012 and a beginning cash balance of $100,000 on 12/31/2011. They further reported a $350,000 cash inflow from Operating Activities, and a $200,000 outflow from Financing Activities.  They only had two cash flows relating to investing and one of those cash flows was a $100,000 purchase of equipment. Which of the following cash flows could represent the other investing cash flow?

Builder Inc. enters into a contract to build a house for XYZ, Inc. on 4/1/2016 for $500,000. The terms of the contract requires that the building be completed by 3/31/2017, and offers a $50,000 bonus if the building is completed by 3/1/2017.  Based on past experience, Builder Inc. is 65% confident that will be able to make the 3/1/2017 deadline and receive the bonus. Builder, Inc. records revenue evenly over the construction of the building. How much revenue will Builder Inc. record in 2016 related to this project?

Which of the following is not an Operating Cash Flow?

Use the following income statement and comparative balance sheet to find the following cash flows:   Income Statement                                                    2009 Revenues                                                              $600,000 -Cost of Goods Sold                                           -$300,000 Gross Margin                                                       $300,000 -Depreciation                                                      – $20,000 -Loss on Sale of Machine                                   – $15,000 -Salary expense                                                 – $150,000 -Tax expense                                                       – $15,000 Net Income                                                          $100,000   Balance Sheet                                                                                               12/31/2008                                       12/31/2009                            Cash                                                                             $22,000                                                $82,000 Accounts Receivable                                                   $30,000                                                $25,000 Inventory                                                                     $20,000                                                $40,000 Non-Current Deferred Tax Asset                                $5,000                                                  $25,000 Property, Plant, and Equipment, net                           $100,000                                             $120,000 Total Assets                                                                $177,000                                             $292,000   Accounts Payable – Salaries                                      $15,000                                                 $13,000 Accounts Payable – Inventory                                    $5,000                                                  $30,000 Common Stock                                                            $10,000                                                $10,000 APIC-C.S.                                                                    $62,000                                                $62,000 Treasury Stock                                                             ($5,000)                                                ($3,000) Retained Earnings                                                       $90,000                                                $180,000 Total Liabilities and Owners equity                           $177,000                                               $292,000 How much cash was paid for inventory in 2009?

On 12/14/2016 the Board of Directors declared a $2.00 per share dividend to be paid on 1/15/2017 to the shareholders of record on 12/28/2016. The Ex-dividend date for this stock is 12/26/2016.  Assuming that there are 2,000,000 shares outstanding, what entries (if no entry necessary, please indicate by writing “none”) would be made on the following dates? Journal Entry on 12/28/2016?

CPA Exam Bonus Question #2 In preparing its cash flow statement for the year ended December 31, 2022, Reve Co. collected the following data: Gain on sale of equipment                                          $6,000 Proceeds from sale of equipment                               $10,000 Purchase of A.S., Inc bonds (par value $200,000)     $180,000 Dividends declared                                                     $60,000 Dividends paid                                                            $55,000 Cash received from sale of treasury stock                  $80,000 What was Reve Co.’s net cash provided by financing activities?

Choose the correct answer. General wastes may include from.

The existing problems of soild waste management may occurs during collection, separation, recycling and disposal. Choose the Correct answer.