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VikaD [51]
3 years ago
7

On October 1, Oriole Corporation’s stockholders’ equity is as follows.

Business
1 answer:
svetlana [45]3 years ago
3 0

Answer:

a. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.

  • 1) $7 per stock
  • 2) $7 per stock

b. Indicate the balances in the three stockholders? equity accounts after the stock dividend shares have been distributed.

  • Common stock $589,050
  • Paid-in capital in excess of par - common stock $83,550
  • Retained earnings $625,400

Explanation:

since it is a "small" stock dividend, it will be carried out at market value and not at par value.

the total number of stocks = $535,500 / $7 par value = 76,500 stocks

total transaction = 76,500 stocks x $14 x 10% = $107,100

the journal entry should be:

Dr Retained earnings 107,000

    Cr Common stock 53,550

    Cr Paid in capital in excess of par value 53,550

total common stock account = $535,500 + $53,550 = $589,050 / 84,150 stocks = $7 per stock

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Answer:

c. employers and is not deducted from employees' earnings.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.

The federal unemployment tax act (FUTA) is reported on Form 940 of the internal revenue service (IRS). It's a federal payroll tax imposed on employers to provide unemployment compensation to employees who have lost their jobs in states.

Basically, the federal unemployment tax act (FUTA) is levied on employers alone i.e it's being paid by the employers only.

This ultimately implies that, the federal unemployment tax is levied on employers and is not deducted from employees' earnings.

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3 years ago
What is one negative effect of current patterns in global trade?
mel-nik [20]
The market for a certain item can go down. It can simply be caused by too much of a supply and not enough demand which can usually cause a company to go into debt if they specialize in one product only (e.g. fuels)
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