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marusya05 [52]
3 years ago
10

What is the most common form of business organization

Business
1 answer:
-Dominant- [34]3 years ago
8 0

A sole proprietorship is the most common form of business organization.

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Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2018. In October 2018, Rick Co.'s Board of Direc
Llana [10]

Answer and Explanation:

The journal entry to record the given transaction is as follows

Retained earning Dr (0.30 million × $54) $16.2 million

      To Common stock (0.30 million × $1) $0.3 million

      To Additional paid in capital in excess of par (0.30 million × $53) $15.9 million

(Being the stock dividend is declared)

The computation of the shares after declaring the dividend is

= 30 million × 1%

= 0.30 million

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That is true, was that your question? :)
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a. background check

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The value of a cash budget is that it helps you predict and supply your future cash needs.
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