On January 3, Kostansas Corporation purchased 5,000 shares of Morton, Inc. for $40 per share. These shares represent a 40% ownership in Morton, Inc. Prepare the journal entry Kostansas Corporation should record for the receipt of cash dividends of $2 per share from Morton on July 10.
What will be an ideal response?
| Jul. 10 | Cash (5,000 shares * $2) | 10,000 |
| Equity Method Investments | 10,000 |
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A corporation has 5,000 shares of 8 percent noncumulative preferred stock and 10,000 shares of common stock outstanding. Par value for each is $100 . No dividends were paid last year, but this year a $93,000 dividend is paid. How much of this $93,000 goes to the holders of common stock?
a. $53,000 b. $63,000 c. $73,000 d. $83,000
How might alignment issues cause a negative reaction to change?
a. Everyone’s reactions to the change are not aligned b. Change leader asks you to do something incongruent with what existing structures and systems tell you to do c. The change is not widespread enough through the organization d. The communication coming from the change leaders may be contradictory
The weighted average cost of capital up to the point when retained earnings are exhausted is ________. (See Table 9.1 )
A) 7.5 percent B) 8.65 percent C) 10.4 percent D) 11.9 percent
Why do the anti-globalists see globalization as a threat to the home country?
What will be an ideal response?