8. Disregard the stock split (assumed above). Assume instead that a 10 percent stock dividend was declared (after treasury stock repurchase) when the market price of the common stock was $20. Prepare any journal entry that should be made.

Question Completion:

At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data:

Common stock ($10 par value); no changes in account during the year.

Shares authorized: 200,000.

Shares issued: (all shares were issued at $17 per share. Total cash collected: $2,125,000).

Treasury stock: 3,000 shares (repurchased at $20 per share).

The treasury stock was acquired after a stock split was announced.

Net income: $240,340.

Dividends declared and paid: $123,220.

Retained earnings beginning balance: $555,000.

NCIS Corporation

Journal Entry to record the stock dividend:

Debit Retained earnings $244,000

Credit Common stock distributable $122,000

Credit Additional Paid-in Capital $122,000

To record the stock dividend declared.

Explanation:

a) Data and Calculations:

Common stock ($10 par value); no changes in account during the year.

Shares authorized: 200,000.

Shares issued: _125,000 (all shares were issued at $17 per share. Total cash collected: $2,125,000).

= 125,000 ($2,125,000/$17)

Treasury stock: 3,000 shares (repurchased at $20 per share) $60,000

Stock outstanding before the stock dividend = 122,000 (125,000 - 3,000)  

Stock dividend (10%) 12,200 (122,000 * 10%)

Common stock outstanding = 134,200 (122,000 + 12,200) shares

Net income: $240,340.

Dividends declared and paid: $123,220.

Retained earnings beginning balance: $555,000.

Transaction Analysis:

Retained earnings $244,000 (12,200 * 20%) Common stock distributable $122,000 Additional Paid-in Capital $122,000

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;