Reference no: EM133272834

1. A company declares a? 5% stock dividend. The debit to Retained Earnings is an amount equal to

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Part 1

A. the book value of the shares to be issued.

B. the excess of the market price over the original issue price of the shares to be issued.

C. the par value of the shares to be issued.

D. the market value of the shares to be issued.

2. Company sold 15,000 jars of its organic honey in the most current year for $9 per jar. The company had paid $5.50 per jar of honey.? (Assume that sales returns are? nonexistent.) Calculate the? following:

1. Sales revenue

2. Cost of goods sold

3. Gross profit

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Part 1

1. The sales revenue is

Part 2

2. The cost of goods sold is

Part 3

3. The gross profit is