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Question - On July 1, Davidson Corporation had the following capital structure:
Common stock ($5 par value)
$714,000
Additional paid-in capital
980,000
Retained earnings
790,000
Treasury stock
0
Required: Complete the table below for each of the two following independent cases:
Case 1: The board of directors declared and issued a 50 percent stock dividend when the stock was selling at $7 per share.
Case 2: The board of directors announced a 6-for-5 stock split (i.e., a 20 percent increase in the number of shares). The market price prior to the split was $7 per share.
Identify the authoritative literature
1.sales are budgeted to be 152000. about 85 of sales are cash the remainder are on account.2.la famiglia expects that
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Actual litigation by the client against the auditor for an amount not material to the auditor or to the financial statements of the client arising out of disputes as to billings for tax services.
which of the following is a true statement regarding the results of your analysis of the two requirements
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