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X Company has outstanding 75,000 shares of common stock without par or stated value. which were issued at an average price of $80 per share, and retained earnings of $3,200,000. The current market price of the common stock is $120 per share. Total authorized stock consists of 500,000 shares.
Question a. Give the required entry to record the declaration of a 10% stock dividend.
Question b. If, alternatively, the company declared a 30% stock dividend, what additional information would you need before making a journal entry to record the dividend?
Allocate service department costs to consuming departments by the step-down method. Then compute predetermined overhead rates in the operating departments, using a machine-hours basis in Stamping and a direct labor-hours basis in Assembly.
The applicability of standard costing in modern manufacturing environments in volatile environments
For the accounts indicate what causes the account to increase and decrease. first is done account is increased by is decreased by raw materials inventory
Briefly explain the meaning of these variances clearly stating weather there was an overall favourable or unfavourable variance?
What unit selling price should management select for each of the Clean & Bright compounds for the remaining six months of the year to maximise profit?
What is the companys plantwide predetermined rate. Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories.
What is the machines net present value? (Round present value factor calculations to 4 decimal places, e.g. 1.2512 and final answer to 0 decimal places
Advise the company of the implications associated with a budgetary approach in which budgetary data are imposed on managers
The second flight was a round trip from Chicago to New york. For this trip, it paid $300 for the pilot and $150 for fuel. the round trip between Chicago and San Francisco ia approximately 4400 miles and the round trip between Chicago and New York ..
Write a report on the general activities you would tell them to engage in to prevent fraud in their organization. List activities for each of the dimensions
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $80 per unit. What is degree of operating leverage based on last year's sales
Compute return on investment (ROI) for each division using the formula stated in terms of margin and turnover. Compute residual income (loss) for each division
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