Which of the following is not true about a 35 percent stock dividend?
a. The market value of the stock is needed to record the stock dividend.
b. Retained earnings decreases.
c. Contributed capital increases.
d. Par value per share remains the same.
A
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Business entities and non-business entities are both organized to earn a profit
a. True b. False Indicate whether the statement is true or false
Using linear regression, the value of ‘X Variable 1' equals the slope of the line
Indicate whether the statement is true or false
A(n) ________ is a domestic firm that operates internationally through independent foreign agents
A. national multinational enterprise B. nonmultinational enterprise C. international multinational enterprise D. transnational companies
McCoy Corporation manufactures a computer monitor. Shown below is McCoy's cost structure: Variable cost per monitorTotal fixed cost for the yearManufacturing cost$75.20$912,000 Selling and administrative$14.60$456,000 In its first year of operations, McCoy produced 100,000 monitors but only sold 95,000. McCoy's gross margin in this first year was $2,629,600. McCoy's contribution margin in this first year was $2,109,000. Under variable costing, what is McCoy's net operating income for its first year?
A. $741,000 B. $1,261,600 C. $2,173,600 D. $266,000