Except as otherwise indicated, assume that all balance sheet items reflect account balances at December...
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Accounting
Except as otherwise indicated, assume that all balance sheet items reflect account balances at December and that all income statement items reflect activities that occurred during the year ended December There were no changes in paidin capital during the year.
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Prepare an income statement and statement of changes in stockholders' equity for the year ended December and a balance sheet at December for Breanna Incorporated. Based on the financial statements that you have prepared for part a answer the questions in parts be
What is the company's average income tax rate?
What interest rate is charged on longterm debt? Assume that the yearend balance of longterm debt is representative of the average longterm debt account balance throughout the year.
What is the par value per share of common stock?
What is the company's dividend policy ie what proportion of the company's earnings is used for dividends
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