A corporation declared and issued a 15% stock dividend on October 1.

The following information was available immediately prior to the dividend:

Retained earnings $650,000
Shares issued and outstanding 50,000
Market value per share $25
Par value per share $5

The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:

a.
$37,500.

b.
$(187,500).

c.
$0.

d.
$(37,500).

e.
$187,500.

Afood worker has just rinsed a dish after cleaning it.what should he do next?

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.

What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.