Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem1: Which one of the following events would not require a formal journal entry on a corporation’s books?

[A] 2% stock dividend

[B] $1 per share cash dividend

[C] 2 for 1 stock split

[D] 100% stock dividend

problem2: A prior period adjustment that corrects income of a prior period requires that an entry be made to

[A] The retained earnings account

[B] An asset account

[C] An income statement account

[D] A current year revenue or expense account

problem3: Which one of the following is not necessary in order for a corporation to pay a cash dividend?

[A] Declaration of dividends by the board of directors

[B] Retained earnings

[C] Adequate cash

[D] Approval of stockholders

problem4: The discontinued operations section of the income statement refers to

[A] Obsolete equipment and discontinued inventory items

[B] The disposal of a significant segment of a business

[C] Discontinuance of a product line

[D] The income or loss on products that have been completed and sold

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M920555

Have any Question? 


Related Questions in Basic Finance

1 what is the yield to maturity for an 8 percent bond

1. What is the yield to maturity for an 8 percent bond, paying coupon semi-annually that has 15 years until maturity and sells for $975? 2. There are regulations that prohibit "insider trading," which is the use of nonpu ...

1 when the german government succeeded in putting an end to

1. When the German government succeeded in putting an end to the hyperinflation in 1924, would this have been better news for borrowers or for lenders? Briefly explain. 2. In 1919, the British economist John Maynard Keyn ...

Over time many large companies in the us have increased

Over time many large companies in the US have increased exponentially the amount of long-term debt taken out to finance operations. What are some other alternatives to long-term financing needs in an organization and is ...

1 what is net worth what role does net worth play in

1. What is net worth? What role does net worth play in lenders' attempts to reduce adverse selection problems? 2. What is relationship banking? How do banks and borrowers benefit from relationship banking? 3. What is the ...

What is an efficient market why do efficient markets

What is an efficient market? Why do efficient markets benefit society? Define arbitrage and the law of one price. What role do they play in our market system? What do we call the "one price" of an asset? Suppose you are ...

Suppose chapman corporation is planning to pay a 2 per

Suppose Chapman Corporation is planning to pay a $2 per share dividend to its common stockholders. If the common stock price after the ex-dividend date is $50, what was the stock price before the ex-dividend date? $50 $5 ...

1 what can researchers do to minimize error variance2

1. What can researchers do to minimize error variance? 2. Discuss the trade-off between internal and external validity. Which is more important? Explain.

1 how are general partners usually compensated in a

1. How are general partners usually compensated in a syndication? What major concerns should investors consider when making an investment with a syndication? 2. Differentiate between public and private syndications. What ...

Wall street or great wallthe challenge to maintain

WALL STREET OR GREAT WALL? THE CHALLENGE TO MAINTAIN DOMINANCE IN THE GLOBAL FINANCIAL MARKETS On September 29, 2008, the American equities markets lost an estimated $1. 2 trillion in market capitalization. This astonish ...

1 devise a local search heuristic for the service network

1. Devise a local search heuristic for the service network design problem in which an individual move is to remove an existing arc or to add a new arc to the current solution. 2. Show that the deterministic VAP with mult ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro