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1 year ago

Indicate which activities of Stockton Corporation violated the rights of a stockholder who owned one share of common stock

1 answer:

5 0

Stockton Corporation violated the rights of a stockholder who owned one share of common stock by paying the stockholder a smaller dividend per share than another common stockholder or rejecting the stockholder's sale of stock on an organized exchange and the stockholder's request to vote via proxy because she was home sick.

<h3>What are the reasons for violation?</h3>

A shareholder is a person who purchases shares in a firm that is publicly traded. They are known as owners and are qualified to receive dividends. Dividends represent a percentage of income.

Dividends paid to common shareholders are equal for all.

Greater preference is given to preferred shareholders than to regular stockholders.

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goblinko [34]

Answer:

1. The sale of engines and service warranty on account during 2016 (one entry).

Dr Cash 8,820,000

Cr Sales revenue 8,190,000 (= 9,000 x $910)

Cr Unearned warranty revenue 630,000 (= 9,000 x $70)

2. The warranty costs paid during 2016.3. The warranty revenue earned in 2016.

to record warranty expenses during the year

Dr Warranty expense 93,400

Cr Cash 93,400

to record warranty revenue

Dr Unearned warranty revenue 126,000 (= $630,000 / 5 = $126,000)

Cr Extended warranty revenue 126,000

Explanation:

Service-type warranties sold are a liability for the company (unearned revenue) and they will be accrued as time goes on. In this case, accrued warranty revenue is adjusted annually but it could also be adjusted monthly.

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3 years ago

If certain conditions are met, an apartment manager can exclude the fair market value of free rent from his or her income. true

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Even if certain conditions are met, an apartment manager cannot exclude the fair market value of free rent from his or her income. Everything that a person owns and has a value, has depreciation. Therefore, these assets should still be declared by the owner. <span />

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3 years ago

Morgan is going to give a presentation on how to prepare a tax return. Which of the following would constitute a suitable thesis

sasho [114]

Answer:

The correct answer is a. Preparing a tax return is a fairly simple process, if you know what documents you need.

Explanation:

Terror should not be imposed on people, due to the complexity that in some cases merits the professional advice of an accountant. For this reason, the best thesis that Morgan can use is to make them see that the process does not really involve excessive efforts if you have all the information at hand. The basic premise in tax matters is the organization, the basic knowledge of the standard ensures important levels of trust.

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3 years ago

Hines Cosmetic Co. sold beauty preparations nationally to beauty shops at a standard or fixed- price schedule. Some of the shops

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Answer: No,the company is not guilty.

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Price discrimination refers to the practice of charging different prices from different customer which the company have definitely not done.

Hence, Hines could not be charged of guilty of price discrimination.

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3 years ago

A company wants to identify which of two production methods has the smaller completion time. One sample of workers is randomly s

Marina CMI [18]

Answer:

A. Matched Samples

Explanation:

Matched samples is a situation whereby participants are paired, sharing every other characteristics except the one under investigation. The idea behind this is to have more control over unwanted variables. In this case, the study is measuring two production methods and in order to control the unwanted variable and leave only the characteristic or variable under investigation which is the production method, the two method is carried out by the same workers each.

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