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problem 1: Maggot Corp. declares and distributes a 3% stock dividend on its 10,000 outstanding shares (par value $6). The market price of the stock is $85 per share. The journal entry to record the stock dividend would include a: Option 1: a credit to Stock Dividend for $25,500. Option 2: debit to Additional Paid-In Capital, Common Stock for $25,500. Option 3: debit to Additional Paid-In Capital, Common Stock for $23,700. Option 4: credit to Common Stock for $1,800.
Determine the income from the business, excluding the profit on the sale of the tugboat?
At the end of the year, $13,680 of fees have been earned, but have not been billed to clients. Journalize the adjusting entries necessary on December
Determine what is the net present value of the decision to produce the chains in-house instead of purchasing them from the supplier?
Suppose now that your portfolio must yield an expected return of 12% and be efficient, that is, on the best feasible CAL. What is the standard deviation
He finally filed his return on August 21, 2020, reporting a $900 balance due. How much must he pay in failure-to-file and failure-to-pay penalties
What tax rate applies to net gain if Barbara is single individual with $160,000 ordinary income taxed at 32 percent marginal tax rate?
Greenwood Corporation has 81,000 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to ..
Calculate earnings per share (EPS) under each of the three economic scenarios assuming the company goes through with recapitalization.
Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate
Basic calculation Cushing Corporation is considering the purchase of a new grading machine to replace the existing one. The existing machine was purchased 3 years ago at an installed cost of $20,000; it was being depreciated under MACRS using a 5-yea..
What is the minimum iron ore price required for 75% concentrate to achieve a 20% rate of return on capital for CAPEX of mine $150 million facts
A new business requires a $20,000 investment today, and will generate a one-time cash flow of $25,000, what is the return on levered equity?
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