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3 years ago

Carr Corp. declared a 7% stock dividend on its common stock. The dividend:

Business

1 answer:

oksano4ka [1.4K]3 years ago

4 0

Answer:

C) has no effect on Carr's earnings and profits for federal income tax purposes.

Explanation:

A stock dividend means that the corporation issues its existing shareholders more stock.

In essence, the corporation is merely diluting the proportional ownership interest of existing shares.

This has no effect on the corporation's earnings and profits for federal income tax purposes.

Therefore, the dividend has no effect on Carr's earnings and profits for federal income tax purposes.

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Which of the following statements is correct? A. Control is most effective when two or three people are given responsibility for

Furkat [3]

Answer:

"B"

Explanation:

Segregation of duties is a major international control procedure where responsibilities are shared between two or more individuals.

The aim is to minimize or prevent the opportunity for a particular individual to execute and cover up fraudulent activities.

It is arranged in a way that an individual is in the position to keep a check over the activities of the other party.

3 0

3 years ago

It is not a consumers responsibility to report fraudental activity

creativ13 [48]

If this is a true/false question, the answer is FALSE.

It is consumers' responsibility to report fraud when it occurs.

4 0

4 years ago

Andrew paid $30 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Andrew

irinina [24]

Answer:

The total surplus from Andrew's sale to Nick is $35.

Explanation:

The total surplus is the sum of producer surplus and consumer surplus.

The consumer surplus is the difference between the maximum price a consumer is willing to pay for a product and the price he/she actually has to pay.

While producer surplus is the difference between the minimum price a producer is willing to accept for a product and the price he/she actually gets.

Consumer surplus for Nick

= $80 - $60

= $20

Producer surplus for Andrew

= $60 - $45

= $15

Total surplus from generated from Andrew's sale to Nick

= $20 + $15

= $35

3 0

4 years ago

As a server you earn $60000 per year, including tips. Someone offers you a new job as an economic consultant, which pays $100,00

Crank

The correct option is B

Explanation:

The accounting profit can be calculated with the help of following given formula

Accounting profit = revenue minus the explicit costs =100000 minus 25000

Thus, after calculations, the accounting profit is equal to $75000

To calculate the economic profit, the following formula is to be used.

The economic profit = accounting profit minus the implicit costs

=75000 minus 30000

($30000 is his salary as the server which is opportunity cost) =$45000

Thus, the Option B is the correct answer.

4 0

3 years ago

A company has the following items on its year-end trial balance:Net sales $500‚000Common stock 100,000Insurance expense 75,000Wa

Debora [2.8K]

Answer:

C. $400,000

Explanation:

The computation of the gross profit is shown below:

Gross profit = Net Sales - costs of goods sold

= $500,000 - $100,000

= $400,000

For determining the gross profit, we deduct the costs of goods sold from the net sales, so that the true value can come. It is shown in the income statement

All other information which is given is not relevant. Hence, ignored it

4 0

3 years ago