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laila [671]
3 years ago
13

Eastline Corporation had 10,000 shares of $10 par value common stock outstanding when the board of directors declared a stock di

vidend of 3,000 shares. At the time of the stock dividend, the market value per share was $12. The entry to record this dividend is:
A. Debit Retained Earnings $36,000; credit Common Stock Dividend Distributable $36,000.
B. Debit Retained Earnings $36,000; credit Common Stock Dividend Distributable $30,000; credit Paid-In Capital in Excess of Par Value, Common Stock $6,000.
C. Debit Common Stock Dividend Distributable $36,000; credit Retained Earnings $36,000.
D. Debit Retained Earnings $30,000; credit Common Stock Dividend Distributable $30,000.
E. No entry is needed.
Business
1 answer:
tekilochka [14]3 years ago
4 0

Answer:

B) Debit Retained Earnings $36,000; credit Common Stock Dividend Distributable $30,000; credit Paid-In Capital in Excess of Par Value, Common Stock $6,000.

Explanation:

The journal entry is as follows:

Account                                                                  Debit          Credit

Retained Earnings                                               $36,000

Common Stock Dividend Distributable                                $30,000

Paid in Capital in Excess of Par Value                                    $6,000

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Answer:

The answer is genetically engineered food or genetically engineered crop.

Explanation:

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The whole issue is that we totally lost control of what we are actually eating.

6 0
3 years ago
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Goryan [66]
If this is true or false, then its true. 
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Vince is the owner of a popular restaurant. He hired a manager who takes care of the day-to-day operations of the restaurant and
notka56 [123]

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4 0
3 years ago
Read 2 more answers
Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate
guapka [62]

Answer:

Consider the following calculations

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a) If the weight of risky portfolio is 'y' then weight of T-bill would be (1-y).

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or, 15% = y x 17% + (1 - y) x 7%

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weight of risky portfolio = 0.8, weight of T-bill = 0.2

b)

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4 0
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Your local pawn shop loans money at an annual rate of 23 percent and compounds interest weekly. What is the actual rate being ch
Eddi Din [679]

Answer:

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The formula to compute the effective annual rate of the loan is shown below:

= (1 +  annual interest rate ÷ periods)^ number of period - 1

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= (1 + 00442)^52 - 1

= 1.00442^52 - 1

= 1.2579618615  - 1

= 25.80%

There are 52 weeks in a year and we considered the same in the above calculation

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