Exercise 10.09 – Power Drive Corporation
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Record each transaction associated with stock, dividends, etc.
Record each transaction associated with stock, dividends, etc.
Record dividend journal entries.
Indicate whether the transaction will increase, decrease, or will have no effect.
Prepare the stockholders’ equity section.
Calculate return on equity, return on market value, earnings per share, price-earnings ratio