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Molina Corporation has paid 60 consecutive quarterly cash dividends (15 years). The last 6 months, however, have been a cash drain on the company, as profit margins have been greatly narrowed by increasing competition. With a cash balance sufficient to meet only day-to-day operating needs, the president, Rob Lowery, has decided that a stock dividend instead of a cash dividend should be declared. He tells Molina’s financial vice president, Debbie Oler, to issue a press release stating that the company is extending its consecutive dividend record with the issuance of a 5% stock dividend. “Write the press release convincing the stockholders that the stock dividend is just as good as a cash dividend,” he orders. “Just watch our stock rise when we announce the stock dividend. It must be a good thing if that happens.” a. who are the stakeholders in this situation? b. is there anything unethical about henson's intentions or actions? c. What is the effect of a stock dividend on a corporations’ stockholders' equity accounts? Which would you rather receive as a stock holder- a cash dividend or a stock dividend? And why?
the government could take to encourage companies to conduct research and development and still control the costs of pharmaceuticals? How is it done in other nations
How to prepare adjusting entries with the additional information -Prepare adjusting entries.- Prepare adjusted trial balance.- Prepare Income Statement, Retained Earnings Statement, Balance Sheet, and Statement of Cash Flows
Prepare a multiple-step income statement and an owner's equity statement for the year, and a classified balance sheet as of November 30, 2012. Notes payable of $20,000 are due in January 2013.
Current accounting standards indicate that the costs of intangible assets with an indefinite life, such as goodwill, should
Prepare the liabilities section of Pedricks balance sheet as at January 31, 2012 and Identify which of the above liabilities are likely current and which are likely longterm. Say if an item fits in neither category. Explain the reasoning for your s..
Classification of items - Classify each of the above accounts as an asset (A), liability (L), stockholders' equity (SE), revenue (R), or expense (E) item.
information on huntington power co. is shown below. consider the companys tax rate is 33 . debt 5500 5 coupon bonds
How do you lower tax rates but not the amount of revenue collected by the Treasury. If the tax rates are lowered does that not mean that the amount received by the Treasury would also be lowered?
What should be the effects of the determination that the decline was other-than-temporary on Kopp's 2011 net noncurrent assets and net income? Decrease in both net noncurrent assets and net income
Mike Corporation exchanged land and cash of $6,500 for equipment. The land had a book value of $45,000 and a fair value of $34,000. Assume the exchange has commercial substance. Prepare the journal entry to record the exchange.
questionthe most current monthly contribution format income statement for reston company is provided belowincome
Show the effects of your entries in part (c) on your evaluation of these companies based on the return on assets ratio.
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