Business

Business, 23.09.2019 15:10, lyrhiii

Which of the following may be issued to shareholders as proof of ownership in the corporation? stock subscriptions stock acknowledgements paper documentation stock certificates acknowledgement documents?

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Business, 11.07.2019 19:10, jameslinimk

On october 1, 2018, nicklaus corporation receives permission to replace its $1 par value common stock (6,000,000 shares authorized, 4,000,000 shares issued, and 3,800,000 shares outstanding) with a new common stock issue having a $.50 par value. since the new par value is one-half the amount of the old, this represents a 2-for-1 stock split. that is, the shareholders will receive two shares of the $.50 par stock in exchange for each share of the $1 par stock they own. the $1 par stock will be collected and destroyed by the issuing corporation. on november 1, 2018, the nicklaus corporation declares a $0.20 per share cash dividend on common stock and a $0.37 per share cash dividend on preferred stock. payment is scheduled for december 1, 2018, to shareholders of record on november 15, 2018. on december 2, 2018, the nicklaus corporation declares a 2% stock dividend payable on december 28, 2018, to shareholders of record on december 14. at the date of declaration, the common stock was selling in the open market at $10 per share. the dividend will result in 152,000 (0.02 × 7,600,000) additional shares being issued to shareholders. required: 1. prepare journal entries to record the declaration and payment of these stock and cash dividends.

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Mathematics, 19.09.2019 16:30, Quidlord03

The top x shareholders in a corporation each own y shares of a certain stock. the corporations ownership is represented by a total of w shares of stock. express the percent of the corporation owned by the top x shareholders

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Business, 16.10.2019 01:10, michaelandtammytrice

Explain the purpose of the attribution rules in determining stock ownership in a redemption.a.to ensure families do not try to take over another family member's business by selling stock out from under the family.b.to prevent shareholders from either taking advantage of favorable tax rules or avoiding unfavorable tax rules by deeming family members or related entities to own stock that the shareholder may not own.c.to allow shareholders a preferential treatment on the sale of stock when the majority of the corporation is owned by one family. it is important to keep the corporation within that families control.d.none of the above.

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