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Stock Split and Stock Dividend
The common stock of Warner Inc. is currently selling at $115 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $8; book value is $74 per share, 5.83 million shares are issued and outstanding.Prepare the necessary journal entries assuming the following. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.
a. The board votes a 2-for-1 stock split.
b. The board votes a 100% stock dividend.
What is Bank of America Corporation's percentage of the accounts receivable balance to total assets for the last two years? If the ratio percentage has changed what accounts for the change?
question 1. during january 2010 wells inc. obtains 30 of the outstanding common stock of wilton co. for 1400000. this
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dominic hunter a second-year business student at the university of utah will graduate in two years with an accounting
Engleheart Co. provides the following information about its postretirement benefit plan for the year 2012. Compute postretirement benefit expense for 2012.
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