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Pierson Corporation owned 10,000 shares of Hunter Corporation. These shares were purchased in 2007 for $90,000. On November 15, 2011, Pierson declared a property dividend of one share of Hunter for every ten shares of Pierson held by a stockholder. On that date, when the market price of Hunter was $14 per share, there were 90,000 shares of Pierson outstanding. Assuming that Hunter shares have not been market to market since acquisition, what gain and net reduction in retained earnings would result from this property dividend, respectively?
suppose you want to estimate the proportion of cars that are sport utility vehicles suvs being driven in kansas city
Given the inherit audit risks related to inventory valuation, design an effective auditing plan for this area that minimizes risk exposure for the auditing firm.
a 78000 invtestment in machinery is proposed. it is anticipated that this investment will cause a reduction in net
Determine participation in net income of $37,500 if income is divided (a) in the ratio of capital investments; (b) in the ratio of time worked.
can you give me the price to complete these two problems. thanks i3939ve attached the homework in an attached
falquez company sells three products r s and t. data for activity of falquez company during july are as follows
An alumnus of a small university donated $150,000 to establish a permanent endowment for scholarships. The first scholarships were awarded 5 years after the money was donated.
If the standard deviation was .67 and at the 0.025 significant level, has the shelf life of the cupcake mix increased?A. Yes, because computed t is greater than the critical value.
before year-end adjusting entries carter companys account balances at december 312013 for accounts receivable and the
discuss the primary advantages and disadvantages of applying the direct write-off and the allowance method of writing
How many Japanese Maples must Mountain Maples sell in a year to break even? At this sales volume, how many Butterfly and Moonfire trees are sold?
TMI is a calendar year personal service corporation which reports income on a calendar year end basis. TML is also a personal holding company. TML had $125,000 of taxable income during the year. It is now December 31st.
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