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choli [55]
2 years ago
6

Madrid Corporation has 33,000 shares of $50 par common stock outstanding. On August 2, Madrid Corporation declared a 3% stock di

vidend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $68 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" and leave the amount boxes blank.
Business
1 answer:
Firlakuza [10]2 years ago
4 0

Answer and Explanation:

The Journal entry is shown below:-

On August 2

Stock dividend Dr, $67,320 ($33,000 × 3% × $68)

       To Stock dividend distributable $49,500 ($33,000 × 3% × $50)

      To Paid in capital in excess of par - common stock $17,820

(Being stock dividend is recorded)

On September 15

No Journal entry is required

On October 8

Stock dividend distributable Dr, $49,500

           To Common stock $49,500

(Being stock dividend is recorded)

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Managers use accounting data to help with decision-making, management, and the execution of their control functions. This practice is known as management accounting.

The term "managerial accounting" refers to a system of accounting that produces documentation, reports, and statements that aid management in making better judgments about the operation of their company. Internal uses make up the majority of managerial accounting.

Learn more about managerial accounting here

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4 0
1 year ago
Jessica and ted wanted to hang out on saturday, but they wanted to do very different activities. jessica wanted to go look for n
Rainbow [258]

The conflict management style that Jessica and Ted most likely used is compromising. This style focuses in finding a solution which is acceptable for both parties, and at the same time partially achieving what they want. As stated on the sample situation, both Jessica and Ted decided to both give in a LITTLE and only ask for SOME of their needs to be met. This kind of conflict management can also deceive the other party for its passive-aggressive approach.

6 0
3 years ago
​Haley is an accountant for a large hospital network. She knows that she could easily "skim" money from the organization to keep
serg [7]

Answer:

C. front page test

Explanation:

Front page test refers to the analytical study, which provides information to each public official about how people note his or her actions and respond accordingly.

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Thus, correct option is C.

front page test.

8 0
2 years ago
As the president of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis
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Answer:

B. Information Management

Explanation:

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4 0
3 years ago
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Marta_Voda [28]

Answer:

Two weaknesses as consultant can be identify: The economy experiences economic fluctuations, and people with no resources to sell could starve

Explanation:

In a pure market economy, the allocation of resources is based on purely the dynamics between supply and demand. If our economy is closed (there is no imports nor exports) and there is not different actors (such as government) and all trade goods are perfect (they are not public or semi-public goods), then the market will efficiently allocate all the resources. Nevertheless, this is not the case, and with an open economy and the existence of imperfections, any external impact will cause economic fluctuations, and those workers with no demandable offer will not be hired, and potentially will be out of the market.

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