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(Stock Dividends) Kulikowski Inc., a client, is considering the authorization of a 10% common stock dividend to common stockholders. The financial vice president of Kulikowski wishes to discuss the accounting implications of such an authorization with you before the next meeting of the board of directors.
(a) The first topic the vice president wishes to discuss is the nature of the stock dividend to the recipient. Discuss the case against considering the stock dividend as income to the recipient.
(b) The other topic for discussion is the propriety of issuing the stock dividend to all "stockholders of record" or to "stockholders of record exclusive of shares held in the name of the corporation as treasury stock." Discuss the case against issuing stock dividends on treasury shares.(AICPA adapted)
Derive a formula for the efficiency of the Diesel cycle, in terms of the compression ratio Vl/V2 and the cutoff ratio V3/V2. Show that for a given compression ratio, the Diesel cycle is less efficient than the Otto cycle.
wright corporation began its operations on september 1 of the current year. budgeted sales for the first three months
At the beginning of Year 1, Cactus Company has three employees: A, B, and C. Employee A has three expected years of future service, Employee B has four expected years of future service,
Contact a small business and prepare questions to determine their requirements and expectations of an accounting system. Provide the questions and brief details of the business owners responses.
How does the nature of law, and the nature of ethical expectations, combine to create challenges for business? How did a change in the view of "prudence" impact the discussion of "business ethics"?
in january, Reyes Tool and Dye requisitions raw material for production as follows: Job 1 $900, job 2 $ 1,200, job 3 $700, and general factory use $600.
context corporation reports the following components of stockholders equity on december 31 2011. common stock-10 par
analyze the effects of each of the following transactions on each of the funds andor non fund accounts. salaries and
alfred e. old and beulah a. crane each age 42 married on september 7 2011. alfred and beulah will file a joint return
Mary, a U.S. citizen owned 25% of the stock of Floran Corporation, an electing S corporation. At the time of her death, the Floran stock may go to all the following without affecting the S election except
On June 1, 2002, a company purchased on the open market $20,000 of a company's non-convertible (or convertible) bonds (2% of $1,000,000 bonds outstanding) at a price of "60" ($12,000 cash) plus accrued interest.
assuming a constant mix of 3 units of small for every 1 unit of large. small large total sales 20 30 vc 14 18 total
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