Dora Enterprises has 200,000 shares of $1 par common stock outstanding. Suppose Dora Enterprises declares a 15% stock dividend when the market value of the stock is $40 per share. What journal entry should Dora Enterprises record for the declaration of the dividend?

Snowman Company has 70,000 shares of $10 par, 7%, cumulative preferred stock outstanding and 125,000 shares of $0.50 par common stock issued and 30,000 shares of treasury stock. Dividends were paid in full through 2017. In 2018 Snowman Company paid $20,000 of total dividends and in 2019 Snowman Company paid $50,000 in total dividends.  Total dividends declared in 2020 were $150,000.  What is the dividend per share that common stockholders will receive in 2020 (round your answer to two decimal places)?

Davis Corporation signed a notes payable with Town Park Bank on June 1, 2020. The note provides that Davis Corporation must pay principal plus all accrued interest at 8% compounded annually in the amount of $650,000 on June 1, 2025. Assuming Davis Corporation has not made any payment on the note prior to the due date, how much did Davis Corporation borrow from Town Park Bank on June 1, 2020?  Use the present value equation to answer the question and round the answer to the nearest dollar.

Harris Foods’ 2020 income statement reported total revenues of $500,000 and total expenses of $515,000 (including $30,000 of depreciation). The 2020 comparative balance sheet reported the following: cash- beginning balance, $65,000 and ending balance, $55,000; accounts receivable- beginning balance, $50,000 and ending balance $45,000; inventory- beginning balance, $35,000 and ending balance, $48,000; Equipment- beginning balance, $200,000 and ending balance, $225,000; accounts payable- beginning balance, $65,000 and ending balance $70,000. In addition to this information, Harris Foods also reported a $10,000 loss on the sale of equipment.  Therefore, based only on this information, 2020 net cash flow from operating activities was:

Which of the following is in the correct order from smallest to greatest number of shares?

Ryan Ltd. sold equipment with a book value of $80,000 for a $10,000 loss, sold Ryan Ltd. common stock for $40,000, received repayment on a notes receivable for $300,000 (this amount included $30,000 of interest), paid dividends of $20,000, purchased treasury stock for $15,000, purchased a piece of equipment for $200,000 by paying $50,000 in cash and signing a notes payable for the balance, and received dividends in the amount of $10,000. The net cash flow from investing activities was:

Mary Jones wants to retire in 15 years. She anticipates she will need $2,500,000 to retire. Mary has an account that currently pays 5% compounded annually.  If Mary has $900,000 in her account today how much additional money must she deposit in the account today to have $2,500,000 when she retires (use the appropriate factor table(s) to answer the question and round your answer to the nearest dollar). 

Which of the following transactions would have a net effect (overall increase or decrease) in the total amount of stockholder’s equity?

On January 1, 2020 Jinn Inc. issued 10-year, 10% $100,000 bonds for 105, because the market rate of interest on that date was 8%. The bonds pay interest annually on December 31steach year. One year later on January 1, 2021, Jinn Inc. retires the $100,000 bonds by repurchasing them in the market for $102,000. What is the amount of gain or loss that Jinn Inc. would record on the retirement of the bonds?

Werner Corp. purchased a new piece of equipment on January 1, 2020. The equipment had a list price of $60,000, however the seller agreed to allow Werner Corp. to pay for the equipment in 5 yearly installments of $14,000 on December 31 of each year. Assuming the note incurs interest at 6%, what amount should Werner Corp. debit the equipment account for on the date of purchase?