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(Stock Dividends and Splits) The directors of Merchant Corporation are considering the issuance of a stock dividend. They have asked you to discuss the proposed action by answering the following questions.
(a) What is a stock dividend? How is a stock dividend distinguished from a stock split
(1) from a legal standpoint, and
(2) from an accounting standpoint?
(b) For what reasons does a corporation usually declare a stock dividend a stock split?
(c) Discuss the amount, if any, of retained earnings to be capitalized in connection with a stock dividend.(AICPA adapted)
Who are the stakeholders in this case and does the president"s request pose an ethical dilemma for the controller?
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Prepare a schedule that shows the EPBO, the APBO, the service cost, the interest cost, and the postretirement benefit expense for each of the years 2011-2018.
Your organization, located in Ontario, will be enhancing the group benefits plan offered to employees in two months by adding accidental death and dismemberment (AD&D) coverage and dental coverage.
income statement itemsgain on sale of marketablesecurities.........................42000loss on sales of
AB company issued a 10 year, 4%, $2,000,000 redeemable bond issue paying interest twice a year on December 31 and June at an effective rate of 3.6% on June 30, 2014. On September 30, 2019, AB redeemed forty percent of the bond issue at 101.
Assume that you are saving up for a trip around the world when you graduate in 3 years. If you can earn 7% on your investments, how much would you have to deposit today to have $13,000 when you graduate?
lockhart corporation is a calendar-year corporation. at the beginning of 2013 its election to be taxed as an s
appling enterprises issued 8 bonds with a face amount of 400000 on january 1 2013. the bonds sold for 331364 and mature
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