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NOIDA: Noida Extension could arrive at life by this calendar year-finish with real estate businesses promising to provide as lots of as fifty,000 flats in the next six months.

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We also want builders to ensure the apartments are made with good quality product and no compromises are created beneath the pressure of well timed shipping," he added.

Now, it stands as an enviavle monument of the principle of integrated Industrial township in the world, with easy and wide streets, well designed land, unintrrupted electrical power offer, clear and help you save drinking drinking water, unfailing telephony, and splendid residential complexes in the serene and peaceful enviornment with greenery throughout

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AC430FINAL EXAM A GRADE

AC 430 FINAL EXAM A GRADE

1. Question: When common stock is issued at an amount greater than par value, the difference between the par value and the proceeds from the sale is recorded by
2. Question: On January 1, 2010, Marvel, Inc., grants a compensatory stock option plan to 10 of its executives. The plan allows each executive to buy 1,000 shares of its $1 par common stock at $30 a share after a three-year service period. The value of each option is estimated to be $8. The company estimates it will have an annual 2% employee turnover rate during the service period. What is the compensation expense for the year ended December 31, 2011?
3. Question: Battleground, Inc. had never had a treasury stock transaction prior to 2010. It experienced the following treasury stock transactions during 2010:
4/1/2010: Reacquired 1,000 shares of its own $5 par common stock, originally sold at $12 a share, for $10 a share. This was the first time that Battleground had reacquired its own stock.
4/8/2010: Reissued 400 shares at $8 a share.
5/2/2010: Reissued 500 shares at $13 a share.
5/10/2010: Retired the remaining 100 shares.
Assuming the cost method is used, the entry to record the reissuance of 400 shares on 4/8/2010 would include a
credit to Treasury Stock for $3,200
debit to Additional Paid-in Capital from Treasury Stock for $800
debit to Retained Earnings for $800
credit to Additional Paid-in Capital on Common Stock AC 430 FINAL EXAM A GRADE for $800

4. Question: When calculating earnings per share, dividends declared on noncumulative preferred stock, but not paid, should be
5. Question: Which of the following items would not be included in a basic earnings per share calculation?
undeclared dividends on noncumulative preferred stock
declared dividends on noncumulative preferred stock
undeclared read more dividends on cumulative preferred stock
declared dividends on cumulative preferred stock

6. Question: On January 1, a corporation had 10,380 shares of common stock outstanding. On August 1, it sold an additional 6,000 shares. During the year, dividends of $4,800 and $56,000 were declared and paid on the common and preferred stock, respectively. Net income for the year was $240,000. The basic earnings per share for the year was

7. Question: Smock Corporation had 30,000 shares of common stock outstanding during the year. In addition, there were compensatory stock options to purchase 3,000 shares of common stock at $20 a share outstanding the entire year. The average market price for the common stock during the year was $36 a share. The unrecognized compensation cost (net of tax) relating to these options was $4 a share. The denominator to compute the diluted earnings per share is

8. Question: When a company here is determining its dividend policy, the company must adhere to legal requirements. The legal requirements are determined by the
Financial Accounting Standards Board (FASB)
state in which the company was incorporated
Securities and Exchange Commission (SEC)
Federal Trade Commission (FTC)

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