Answer:
Difficult but if you are try it will be easier to you
Answer:
The journal entry is as follows:
Retained earnings A/c Dr. $18 million
To common stock $0.30 million
To capital paid in excess A/c $17.70 million
(To record the stock dividend issued at 1%)
Working notes:
Shares issued = 1% of 30 million
= 0.30 million
Retained earnings:
= 0.30 million × $60 per share
= $18 million
Common stock:
= 0.30 million × $1 par value
= $0.30 million
Capital paid in excess:
= Retained earnings - Common stock
= $18 million - $0.30 million
= $17.7 million
Answer:
correct answer is Strategic allies
Explanation:
Strategic allies is a arrangement between 2 or more than 2 organization for undertaking mutual beneficial projects even both retain their independence.
as they have less complex than a joint venture
and for improving their product and development competitor in the market , they can enter into a strategic alliance
so as that both organizations can work on common coal with benefit
so correct answer is Strategic allies
Answer:
Conversion costs: d. $384,200
Explanation:
Conversion costs are the costs incurred on activities that convert raw material to finished goods. Conversion costs are calculated by using following formula:
Conversion costs = Direct labor + Factory overhead.
In the case: Direct labor are $196,300; Factory overhead are $187,900
Therefore:
Conversion costs = $196,300 + $187,900 = $384,200
