Business, 29.10.2019 00:31, katietinary1657
Farmer corp. owned 20,000 shares of eaton corp. purchased in 2007 for $240,000. on december 15, 2010, farmer declared a property dividend of all of its eaton corp. shares on the basis of one share of eaton for every 10 shares of farmer common stock held by its stockholders. the property dividend was distributed on january 15, 2011. on the declaration date, the aggregate market price of the eaton shares held by farmer was $400,000. assuming that eaton shares have not been market to market since acquisition, the entry to record the declaration of the dividend would include a:
a. credit to retained earnings of $240,000.
b. debit to retained earnings of $160,000.
c. credit to retained earnings of $240,000.
d. debit to retained earnings of $400,000.
Answers: 3
Business, 22.06.2019 09:00, aubreyfoster
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Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding
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Farmer corp. owned 20,000 shares of eaton corp. purchased in 2007 for $240,000. on december 15, 2010...
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