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choli [55]
3 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]3 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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Because we don't want to change the image of perfection that is created upon celebrities.

Yes, I have. When I started hearing Diego Maradona's support claims to the Venezuelan government I changed the view that I have from this man as a great soccer with charisma to a rather naive individual because the hard times that are lived by the people of Venezuela is well known for everybody.

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3 years ago
According to the definitions of national saving and private saving, if Y, C, and G remained the same, an increase in taxes would
Viefleur [7K]

Question options :

a. raise both private and public saving.b. raise private saving and lower public saving.c. lower private saving and raise public saving.d. lower private and public saving.

Answer:

c. lower private saving and raise public saving.

Explanation:

National saving is total of private and public saving minus the country's consumption and government expenditure.

Private saving is income from households minus consumption and taxes.

Formula for public saving is T − G − TR which is government budget surplus through revenue from tax. This is revenue from tax minus government expenditure and transfers.

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Forest management defination<br><br><br>​
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6 0
3 years ago
Read 2 more answers
Compared with individuals working in the private sector, public employees do not have ______. a. more stringent codes of ethical
yawa3891 [41]

Answer:

Option A. More stringent codes of ethical behavior

Option B. Higher levels of education,

and

Option D. A greater commitment toward civic duty,

Explanation:

The public employees have to adhere to stringent codes of ethical behavior because the public employees are professionals and professionals are always highly qualified personal. Their commitment towards the civic duty is high because they are obliged to act in the public interest and not act in a manner that his profession dignity gets affected. The level of experience, education, professionalism, adherence to ethical and company code, results in higher employee compensations.

Hence the Option A, B and D are correct options.

4 0
3 years ago
At which stage of the product life cycle are product sales always zero?
kirza4 [7]

Answer:

Explanation:

Answer:

Introduction

Explanation:

The Product Life Cycle is a term used to refer to the lifespan of a product. Beginning from the introduction of the product to the market, the product grows into maturity and ultimately leads to the death/decline of the product.

There are four stages of the Product Life Cycle:

  • Introduction
  • Growth
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The stage in which the product sales are always zero is the introduction of the product to the market. When a product is introduced to the market, the product sales are always zero. It is after consumers become familiar with the product that its sales increase.

Therefore, the introduction stage is the correct answer.

7 0
3 years ago
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