Global Corporation had 55,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 10% stock dividend when the market value of each share was $25. The entry to record the dividend declaration is:
A. No entry is made until the stock is issued.
B. Debit Retained Earnings $137,500; credit Cash $137,500.
C. Debit Retained Earnings $137,500; credit Common Stock Dividend Distributable $137,500.
D. Debit Retained Earnings $137,500; credit Common Stock Dividend Distributable $110,000; credit Paid-In Capital in Excess of Par Value, Common Stock $27,500.
E. Debit Retained Earnings $110,000; credit Common Stock Dividend Distributable $110,000.
Answer: D
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The periodic inventory system provides an up-to-date amount of inventory on hand
Indicate whether the statement is true or false
Materials used by Jefferson Company in producing Division C's product are currently purchased from outside suppliers at a cost of $10 per unit. However, the same materials are available from Division A. Division A has unused capacity and can produce the materials needed by Division C at a variable cost of $8.50 per unit. A transfer price of $9.50 per unit is negotiated and 30,000 units of
material are transferred, with no reduction in Division A's current sales. How much would Division A's income from operations increase? A) $0 B) $90,000 C) $30,000 D) $60,000
Which of the following is true?
a. The volume of WIP is higher in an ATO process supply chain compared to MTO. b. In an ATO process supply chain, the degree of customization is low. c. In an ATO process supply chain, the WIP inventory held as buffer is high. d. In an ATO process supply chain, the POP occurs further downstream than in an MTO process supply chain.
Assuming anything is possible and eliminating the infeasible best describes:
A) the impertinence characteristic a systems analyst needs during requirements determination. B) the impartiality characteristic a systems analyst needs during requirements determination. C) the relaxing of constraints characteristic a systems analyst needs during requirements determination. D) the attention to details characteristic a systems analyst needs during requirements determination. E) the reframing characteristic a systems analyst needs during requirements determination.