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Kisachek [45]
4 years ago
6

On January 1, Edmiston Corporation had 1,600,000 shares of $10 par value common stock outstanding. On March 31 the company decla

red a 10% stock dividend. Market value of the stock was $15/share. As a result of this event,a. Edmiston's Paid-in Capital in Excess of Par Value account increased $800,000.b. Edmiston's total stockholders' equity was unaffected.c. Edmiston's Stock Dividends account increased $2,400,000.d. All of these answer choices are correct.
Business
1 answer:
SOVA2 [1]4 years ago
3 0

Answer:

option D is correct.

Explanation:

The entry to record stock dividend is:    

                                         Debit      

Stock Dividends        2400000      [= 1600000\times 0.10\times 15]

                                        Credit

Stock Dividends  Distributable         1600000       [=  1600000\times 0.10 \times 10]

Paid in capital in excess of par = 2400000 - 1600000 = 800000  

Stock dividends will not affect the total equity of the stockholder

Therefore option D is correct.

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Madeline runs a lawn cutting service. She anticipates some increased expenses in her personal life in the next six months, and w
Leya [2.2K]

Answer:

The correct option is A. Need or Deficiency.

Explanation: A need is something that is necessary for an individual to function and live properly, while deficiency can be used to denote a state of lack. Our needs are often the motivating factor behind us working to earn a living, however, different people work for different reasons.

In the scenario presented above, we can see that Madeline is motivated to take on more clients due to the fact that she perceives that her needs will increase.

Therefore, the correct option to this question is that Madeline's motivation is due to need or deficiency.

8 0
4 years ago
In an effort to promote rapid growth, the government of Goldinia has kept taxes low, done little to regulate business activities
lianna [129]

Answer:

D. A predominately capitalist approach toward achieving economic goals, but the current pressures it faces suggest it is likely to adopt a more socialist approach in the future.

Explanation:

Goldinia applied a capitalist approach based on low taxes, almost no regulation in business activities and implementing only modest social programs. The goal was to let capitalist activity (market, production, business, etc.) be and let it develop. It is not pure capitalist but predominately capitalist approach, as taxes do exist, there are regulations for businesses and there are social programs, although modest.

However, the government now is receiving pressure to introduce more regulations for cleaning up the environment and reduce the inequalities in income and wealth, which are socialist measures... so it could adopt a more socialist approach in the future.

4 0
4 years ago
How does better equipment affect Labour productivity
Temka [501]

Answer:

It helps get everything done faster and better.

Explanation:

If you're using good tools obviously you'll get a better outcome in a better time.

8 0
3 years ago
Suppose that real GDP is currently ​$13.55 trillion and potential real GDP is​ $14.0 trillion, or a gap of ​$500500 billion. The
Georgia [21]

Answer:

$100 billion

Explanation:

Real GDP is currently = ​$13.55 trillion

Potential real GDP =​ $14.0 trillion

Gap = ​$500 billion

Government purchases multiplier = 5.0

Tax multiplier = 4.0

To increase aggregate demand by $500 billion, the required increase in government expenditure is:

= (1 ÷ government purchases multiplier) × change in aggregate demand

= (1 ÷ 5) × $500

= $100 billion

Therefore, the government expenditure need to be increased by $100 billion.

6 0
3 years ago
Which of the following statements is correct?
kkurt [141]
Bonds are a form of a debt captial
3 0
4 years ago
Read 2 more answers
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