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Question - Cash and Stock Dividends
Debra Corporation has 78,000 shares of $1 par value common stock outstanding. The company has $650,000 of retained earnings. At year-end, the company declares a cash dividend of $2.00 per share and a eight percent stock dividend. The market price of the stock at the declaration date is $78 per share. Three weeks later, the company pays the dividends.
a. Prepare the journal entry for the declaration of the cash dividend.
b. Prepare the journal entry for the declaration of the stock dividend.
c. Prepare the journal entry for the payment of the cash dividend.
d. Prepare the journal entry for the payment of the stock dividend.
Now, assume that the firm wants to develop a management consultancy practice. (Alternatively, you may choose to add a legal services line instead.). Create a separate new matrix that summarizes the additional risk factors for this firm launching a..
stahl consulting started the year with total assets of 20000 and total liabilities of 5000. during the year the
Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis?
The Dolphin Company collected the following annual information on total net sales and total operating costs
As of December , 20X14, Eliot Corp. has net income per books of $100,000, which includes municipal bond interest of $4,000, a deduction for business meals of $5,000, a deduction for a net capital loss of $5,000, and a deduction for federal income tax..
Compute the annual pretax operating income, in U.S. dollars, of each division under the following transfer-pricing methods.
heller cannery inc. uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs.
The before-tax income for Cullumber Co. for 2017 was $109,000, Prepare a schedule showing the determination of corrected income before taxes for 2017 and 2018
State how much expenditure should be carried forward (deferred) and reported in the statement of financial position at the end of 2013 and 2014
during the period 1984 to 2008 the average yield on 3-month u.s. treasury bills was 4.76 the average inflation rate was
Compute the price and quantity variances for Direct Material. Compute the variable overhead rate and efficiency variances. Input all amounts as positive values.
Novak Corp. incurs the following expenditures in purchasing a truck: cash price $40,000, What is the cost of the truck
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