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Dare Co. declared at 50% stock dividend on April 18 to be distributed on May 31. The market price of the stock was $35 on May 31. The par value of the stock is $10 per share. Dare had 100,000 shares outstanding before the stock dividend. Which of the following is true about the effect of this dividend on the April 30 financial statements? Retained earnings decreases $500,000. Common Stock increases $500,000. Total Stockholders' equity decreases by $1,750,000. Stock dividends distributable increases by $1,750,000
Assuming a 30% tax rate, what amount was deducted for depreciation on the corporation's tax return for the current year?
Which of the following should not be classified as a current asset? a) A one year installment receivable from the sale of a truck b) An investment expected to be needed for operations in the next year c) A one-year prepaid insurance policy d) A fund ..
What are the two approaches to accounting for inventory that were covered in the course and which inventory method is the bookshop using and which method is the fruit and vegetable stall using?
wodor company is involved in four separate industries. selected financial information concerning twodors involvement in
alexander products manufactures dental equipment and uses a standard cost system. a new product hv65 that is being
Assuming the land had a fair value on January 1, 2011, of $200,000 and could be leased alone for $30,000, prepare journal entries for Cook Textiles for 2011.
What structure would be the best structure for the US? Be sure to support your answer with the advantages of the method you select and the disadvantages of the other tax rates structure.
Create and maintain accounting records with QuickBooks.
the production department in a process manufacturing system completed 191500 units of product and transferred them to
What is this company's magnitude of operating leverage? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Clearpoint Inc. was organized on June 5, 2013. It was authorized to issue 300,000 shares of $10 par common stock and 50,000 shares of 5 percent cumulative class A preferred stock.
I have selected the ethical issues of Diversity within Organizations. I will define diversity climate as an organizational members' attitudes and perceptions toward people from cultural groups other than their own.
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