QUESTION 2
Record Crane Company’s journal entries for the following events. Use the following account abbreviations: AR = accounts receivable; CASH = cash; REV = Sales revenue; ALL = allowance for doubtful accounts; RET = returns; DISC = sales discount.
Note: in part c, two accounts are debited. Enter these in alphabetical order, for example, ALL before CASH.
On July 1, Crane Company sold merchandise on account to Stacey Inc. for $25,200, terms 4/10, n/30.
Debit:
Credit:
On July 8, Stacey Inc. returned merchandise to Crane Company for a credit refund of $2,500.
Debit:
Credit:
On July 11, Stacey Inc. paid for the merchandise.
Debit:
Debit:
Credit:

To choose a test statistic based on the alternative hypothesis, you have several valid options: represent various ways to measure the difference in precipitation between drought years and other years.

You can calculate the test statistic by considering the following:

1. The difference between the total precipitation in drought years and the total precipitation in other years.

2. The difference between the total precipitation in other years and the total precipitation in drought years.

3. The absolute difference between the total precipitation in other years and the total precipitation in drought years.

4. The difference between the average precipitation in drought years and the average precipitation in other years.

5. The difference between the average precipitation in other years and the average precipitation in drought years.

6. The absolute difference between the average precipitation in other years and the average precipitation in drought years.

Assign ab_test_stat to an array of integers corresponding to valid choices, like this:

ab_test_stat = [1, 2, 3, 4, 5, 6]

These options represent various ways to measure the difference in precipitation between drought years and other years, allowing you to test the alternative hypothesis effectively.

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To determine the value of the equilibrium constant (Kc) for a chemical reaction, we first need to write the balanced chemical equation for the reaction.

[tex]Kc = [C]^c[D]^d / [A]^a[B]^b[/tex]

Once we have the equation, we can then use the concentrations of the reactants and products at equilibrium to calculate Kc.

Without knowing the specific reaction you are referring to, I cannot provide a direct answer to your question.

However, I can explain the general process for determining Kc.

Let's consider a generic reaction of the form:

aA + bB ⇌ cC + dD

The equilibrium constant expression for this reaction is:

[tex]Kc = [C]^c[D]^d / [A]^a[B]^b[/tex]

Where [A], [B], [C], and [D] represent the concentrations (in mol/L) of the respective species at equilibrium.

The values of a, b, c, and d are the stoichiometric coefficients for the reaction.

To determine the value of Kc at the temperature of the mixture, we need to measure the concentrations of the reactants and products at equilibrium.

We can then substitute these values into the equilibrium constant expression and solve for Kc.

It is important to note that the value of Kc depends on the temperature of the reaction. As the temperature changes, so does the value of Kc.

Therefore, we must always specify the temperature at which Kc is determined.

In summary, to determine the value of Kc for a chemical reaction at the temperature of the mixture,

we must first write the balanced chemical equation and then measure the concentrations of the reactants and products at equilibrium.

We can then substitute these values into the equilibrium constant expression and solve for Kc.

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Based on the provided information, here's the adjusting entry for December 31, 2022, to record subscription revenue for Blossom Company Ltd's Fishing Preview magazine:

Date: December 31, 2022
Account Titles and Explanation:
Debit: Unearned Subscription Revenue
Credit: Subscription Revenue

To calculate the amount, we first need to find out the revenue per month. Divide the total subscription amount (5,100 subscriptions) by the number of months in a quarter (3 months):

5,100 subscriptions / 3 months = 1,700 subscriptions per month

Since we need to record subscription revenue for December only, which is 1 month, we multiply the number of subscriptions per month (1,700) by the subscription price per issue.

Assuming the subscription price per issue is X:

Debit: Unearned Subscription Revenue = 1,700 subscriptions * X
Credit: Subscription Revenue = 1,700 subscriptions * X

This adjusting entry will ensure that the Subscription Revenue for December 2022 is correctly recorded, and the Unearned Subscription Revenue account is updated accordingly.

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The project needs better change control and requirements. Option C is correct.

This situation suggests that the project is experiencing difficulties with managing requirements and changes. The fact that the team has had to go back and work on a sixth version suggests that there is a lack of clarity around what the users and customers are looking for in the control panel interface. This could be due to a variety of reasons, including unclear or changing requirements, poor communication between the team and the users/customers, or a lack of understanding of the users' needs. To address this issue, the project may need to implement better change control and requirements management processes.

This could involve establishing a formal process for documenting and tracking changes, setting up regular meetings with the users/customers to discuss requirements, and ensuring that there is a clear understanding of the users' needs and expectations. It may also be helpful to involve a business analyst or requirements specialist to help clarify and manage requirements throughout the project lifecycle. Overall, it is important to identify the root cause of the problem and take steps to address it, in order to avoid repeating the same cycle of rework and changes.

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Based on the given information, we can calculate the Return on Stockholders' Equity (ROE) and Return on Common Stockholders' Equity (ROCE) ratios.

ROE measures a company's profitability by showing how much profit it generates with the common shareholders' investment. It is calculated by dividing the net income by the average common stockholders' equity.

Assuming that the net income is not given in the question, we cannot calculate the ROE ratio. On the other hand, ROCE is a similar ratio that measures the return on the investment made by the common shareholders only.

It excludes the preferred stockholders' equity from the calculation. ROCE is calculated by dividing the net income by the average common stockholders' equity minus the average preferred stockholders' equity.

Since the preferred stockholders' equity is not given in the question, we cannot calculate the ROCE ratio either.

In summary, we cannot calculate the ROE and ROCE ratios based on the given information. It is essential to have additional data, such as the net income and preferred stockholders' equity, to calculate these ratios accurately.

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Wolf Pack Transport Co. has a 25 percent equity investment in Maggie Valley Depot (MVD), Inc. They paid $1,685,000 for this investment, including a $300,000 allocation for goodwill as the only excess cost over book acquired.

Wolf Pack Transport has appropriately applied the equity method to account for the investment. In its most recent balance sheet, due to recognized profits in excess of dividends since the acquisition, Wolf Pack reported a $2,350,000 amount for its investment in MVD account.

Step 1: Wolf Pack Transport acquires a 25% interest in MVD for $1,685,000, including $300,000 for goodwill.

Step 2: Wolf Pack Transport applies the equity method to account for its investment in MVD.

Step 3: Profits from MVD in excess of dividends received are recognized by Wolf Pack Transport.

Step 4: In its most recent balance sheet, Wolf Pack Transport reports a $2,350,000 amount for its investment in MVD account, reflecting the increase in investment value since the acquisition.

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The act of limiting emission reducing technology in cars in order to minimize production costs is more likely to happen in a variety of circumstances.

One of the most common drivers is a desire to increase profits, as automakers may prioritize financial gains over environmental considerations. Additionally, market competition and pressure to produce cars at a lower cost can lead to compromises in the quality and safety of vehicles. Another factor that may contribute to this behavior is the absence of strict regulations and oversight from regulatory bodies. Weak or absent enforcement mechanisms can make it easier for automakers to engage in these practices without fear of consequences.

Furthermore, a lack of public awareness and demand for more environmentally-friendly vehicles can also play a role in this behavior. If consumers are not willing to pay a premium for greener cars, automakers may not see the need to invest in expensive emission reducing technology. Overall, the act of limiting emission reducing technology in cars is more likely to happen when there is a combination of financial pressures, weak regulation, and a lack of public demand for environmentally-friendly vehicles.

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If the cans of latex paint are selling for $40 and there is a 60% markup at retail, then the cost of each can would be $25. To calculate this, first divide the selling price by 1 plus the markup percentage (60% or 0.6):

$40 ÷ (1 + 0.6) = $25

Therefore, each can of latex paint cost $25

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True, The ISO/IEC 27002 standard is a set of guidelines and best practices for information security management. Its origins can be traced back to the ISO/IEC 17799 standard, which was first published in 2000.

ISO/IEC 27002 was later developed as a revision of 17799 to align with current industry standards and best practices. The standard covers a wide range of topics related to information security, including access control, cryptography, incident management, and business continuity.

The stated purpose of ISO/IEC 27002 is to provide a framework for organizations to establish and maintain effective information security management systems. The standard is voluntary and not intended to be prescriptive, meaning organizations can choose to adopt the guidelines in whole or in part based on their unique security needs and risk assessments.

Overall, ISO/IEC 27002 provides a valuable resource for organizations seeking to improve their information security posture and protect sensitive data from cyber threats.

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A wall street stock market crash will cause a short-run decrease in output and prices, and a long-run decrease in output and a lower price level.

In the short run, a wall street stock market crash will decrease consumer wealth and confidence, which will lead to a decrease in aggregate demand (AD) for goods and services.

This will shift the AD curve to the left, resulting in a decrease in both equilibrium output (Y) and price level (P). This decrease in output and prices will lead to a temporary recessionary gap, with output falling below the potential output (YN).

In the long run, the wall street stock market crash will lead to a decrease in the expected rate of return on investment, which will cause firms to reduce their investment spending.

This will shift the short-run aggregate supply (SRAS) curve to the left. As a result, output will fall further and prices will decrease. In the long run, the economy will return to the potential output level (YN), but at a lower price level.

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Your HPR (Holding Period Return) was significantly higher than the fund's NAV (Net Asset Value) appreciation of 5% because you bought the closed-end fund shares in the secondary market at a discount.

You initially paid $6.50 per share when the fund's NAV was $8.00, meaning you acquired the shares at a 18.75% discount.

Over the past year, the fund's NAV increased from $8.00 to $8.40 per share, which is a 5% appreciation. However, your HPR also takes into account the reduction in the discount. Suppose the current market price of the shares is now closer to the NAV, say $8.20.

Your investment appreciated from $6.50 to $8.20, which is a 26.15% increase. This difference between your HPR and the fund's NAV appreciation can be attributed to the narrowing of the discount in the secondary market, leading to a higher return on your investment.

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Marigold's 2021 earnings per common share should be the answer is (c) $4.08.

To solve this problem, we need to determine the number of shares outstanding after the stock dividend is declared. A 100% stock dividend means that the number of shares outstanding will double, so Marigold will have 416,000 shares of common stock outstanding after the dividend.

We also need to calculate the dividends on the preferred stock. Since the preferred stock is cumulative, any unpaid dividends from previous years must be paid before any dividends can be paid to the common stockholders. However, no dividends were declared on the preferred stock in either 2020 or 2021, so there are no unpaid dividends.

Now we can calculate Marigold's earnings per common share for 2021. Net income for the year was $951,000, and there were 416,000 shares of common stock outstanding after the stock dividend. Therefore, earnings per common share is:

$951,000 / 416,000 shares = $2.29 per share

However, the question asks for earnings per common share in Marigold's 2021 financial statements, which were issued before the stock dividend was declared. Therefore, we need to adjust for the fact that there were only 208,000 shares of common stock outstanding for the entire year. We can do this by using a weighted average number of shares:

(208,000 shares x 12 months) + (416,000 shares x 1 month) / 12 = 233,333 shares

Now we can calculate adjusted earnings per common share:

$951,000 / 233,333 shares = $4.08 per share

Therefore, the answer is (c) $4.08.

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When the market for a product stabilizes, it has entered the maturity stage of the product life cycle.

During the maturity stage, the product has already gone through the introduction and growth stages and has achieved wide acceptance in the market.

Sales growth begins to slow down, and the market becomes saturated with competitors.

At this stage, the focus is on maintaining market share, improving product quality, and lowering costs to remain competitive.

While the product may still be profitable during the maturity stage, it's important for companies to start planning for the eventual decline stage and consider strategies for introducing new products or updating the existing product to extend its life cycle.

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The average budgeted selling and administrative expenses per unit sold for March is $2.50.

The Puyer Corporation is preparing its selling and administrative expense budget for the next year. The company sells only one product called a "Deb". The given budget data includes monthly fixed costs and variable costs per Deb sold.

These expenses include sales commissions, shipping, advertising, executive salaries, and other expenses. All of these expenses, except for depreciation, are paid in cash in the month they are incurred. The company has budgeted to sell 17,000 Debs in March.

To determine the average budgeted selling and administrative expenses per unit sold for March, we need to calculate the total selling and administrative expenses for March and divide it by the number of Debs sold in March.

Therefore, the average budgeted selling and administrative expenses per unit sold for March would be $2.50 per unit.

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The minimum age for marriage varies across the United States, with some states allowing girls as young as 14 years old and boys as young as 16 years old to marry with parental and/or judicial consent.

While child marriage is legal in these states, it remains a controversial issue as it can have negative consequences for the health, education, and well-being of young people.

Child marriage often leads to increased risk of poverty, poor health outcomes, and limited education opportunities. It can also perpetuate gender inequalities and limit the opportunities for young girls to achieve their full potential. Advocates argue that the legal age for marriage should be raised to 18 years old to protect young people from the harms associated with early marriage.

However, opponents of raising the legal age for marriage argue that it is a cultural and religious practice and that parents should have the right to decide when their child is ready for marriage. Regardless of the debate, it is important to consider the well-being of young people and the potential long-term consequences of early marriage.

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Based on the given information, we can calculate the deferred tax liability as follows:

Depreciation temporary difference = $30,000

Installment sale temporary difference = $120,000

Total temporary difference = $30,000 + $120,000 = $150,000

Deferred tax liability = $150,000 × 0.2 = $30,000

Since the net deferred tax liability is $375,000, it means that there is also a deferred tax asset. We can calculate the deferred tax asset as follows:

Deferred tax asset = $375,000 - $30,000 = $345,000

Therefore, the deferred taxes should be presented on Belmont Company's December 31, 2024, balance sheet as follows:

Deferred tax assets:

Net operating loss carryforwards $XXX

Depreciation $XXX

Installment sales $XXX

Total deferred tax assets $345,000

Deferred tax liabilities:

Depreciation $30,000

Total deferred tax liabilities $30,000

Net deferred tax liability $315,000

Note that the specific amounts for each deferred tax asset line item would depend on the analysis of Belmont Company's specific tax situation.

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Research shows that a value-based culture is the most effective means of ensuring that employees comply with the firm's ethical standards.

A value-based culture is one where employees are encouraged to act in accordance with the company's core values and principles, and where ethical behavior is seen as an integral part of the organization's overall success.

This type of culture promotes transparency, accountability, and a sense of ownership among employees, all of which contribute to a strong ethical framework. By promoting a value-based culture, firms can create a workplace environment where employees are motivated to act ethically and where unethical behavior is not tolerated.

Ultimately, this helps to build trust with customers, partners, and other stakeholders, which is essential for long-term success.,

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The Create Supplier Invoice SAP Fiori app is a user-friendly application designed to facilitate the process of creating invoices for suppliers. It streamlines the process by incorporating various functions that simplify the task of managing invoices. Among the key functions supported by this app are:

a. Enter unplanned delivery cost: This function allows users to input any unexpected or additional delivery expenses incurred during the procurement process. By including these costs, the app ensures that the total invoice amount accurately reflects all charges related to the purchase.

b. Display the PO history: The app provides access to the purchase order history, allowing users to review past transactions and obtain relevant information to better manage their current invoice. This function enhances transparency and makes it easier to track the progress of ongoing orders.

c. Create an invoice for multiple PO references: The app supports the consolidation of invoices for multiple purchase orders. This feature simplifies the invoicing process by allowing users to generate a single invoice for multiple orders, reducing the workload and improving efficiency in the supplier invoicing process.

Though the app does not directly support the automatic payment run (option c) or process evaluated receipt settlements (option a), these functionalities can be managed through other SAP modules or applications. Overall, the Create Supplier Invoice SAP Fiori app offers essential functions to improve the efficiency and accuracy of supplier invoicing.

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An increasing average collection period refers to the amount of time it takes a company to collect payment from its customers. This metric can be impacted by a variety of factors, including the terms of sale, the industry, and the economic climate. However, when considering the answer choices presented, it is possible to identify some key relationships.

If the average collection period is increasing, it suggests that customers are taking longer to pay their bills. This could be because of a variety of reasons, such as a shift in the company's sales mix towards more credit sales or an increase in the amount of outstanding accounts receivable.

Option A suggests that decreasing average daily cash sales could be associated with an increasing average collection period. This relationship could exist if the company is seeing a decline in its cash sales, which may be impacting its overall revenue and its ability to collect on outstanding receivables. As a result, the company may need to rely more heavily on credit sales, which can lead to longer collection periods.

Option B proposes that increasing average daily credit sales could be associated with an increasing average collection period. This relationship is more straightforward, as credit sales typically involve longer payment terms than cash sales. As a result, an increase in credit sales could lead to longer collection periods as customers take longer to pay their bills.

Option C suggests that decreasing accounts receivable could be associated with an increasing average collection period. This relationship is unlikely, as a decrease in accounts receivable would typically be associated with faster collections and a shorter average collection period.

Option D proposes that increasing accounts receivable could be associated with an increasing average collection period. This relationship is likely, as an increase in outstanding receivables could lead to longer collection periods as the company works to collect on these outstanding balances.

In conclusion, an increasing average collection period could be associated with decreasing average daily cash sales, increasing average daily credit sales, and increasing accounts receivable. It is important to consider the specific circumstances of each situation to determine the most likely cause of the change in the average collection period.

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True. studying the information that you've gathered about a product, you're said to be in the evaluation step of the five-step consumer buying process.

The five-step consumer buying process is a commonly used model for understanding how consumers make purchasing decisions. The five steps are:

Problem recognition

Information search

Evaluation of alternatives

Purchase decision

Post-purchase evaluation

The third step in the process is the evaluation of alternatives, during which the consumer assesses the different options available to them and weighs the pros and cons of each. This step involves studying the information that has been gathered about the product, such as features, benefits, and pricing, in order to make an informed decision. Therefore, the statement "When you're studying the information that you've gathered about a product, you're said to be in the evaluation step of the five-step consumer buying process" is true.

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Governments usually regulate monopolies when the fixed costs associated with the production of an essential good or service are relatively high and it may not make sense to have multiple firms duplicating these costs.

Fixed costs are expenses that do not vary with changes in the volume of goods or services produced. These costs are incurred regardless of the level of production and include things like rent, salaries, and equipment. In the case of a natural monopoly where a single firm is able to provide a good or service more efficiently than multiple firms, the fixed costs associated with producing the good or service can be a barrier to entry for potential competitors.

To prevent this, governments may regulate monopolies to ensure that consumers have access to essential goods and services at reasonable prices.

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Governments usually regulate monopolies when the fixed costs associated with the production of an essential good or service are relatively high and it may not make sense to have multiple firms duplicating these costs.

In other words, if a single firm can provide a product or service at a lower cost than multiple firms competing in the same market, it may lead to higher efficiency and lower prices for consumers. However, if the monopolistic firm abuses its power and charges exorbitant prices, it may be necessary for the government to step in and regulate its behavior. This is done to protect consumers and ensure fair competition in the market.

Additionally, regulation may also be necessary to prevent the monopolistic firm from engaging in anti-competitive practices, such as blocking entry of new competitors or engaging in predatory pricing.

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The Bradley Corporation produces a product with the following costs as of July 1, 20X1 10 points Material gross profit Labor Overhead $1 per unit per unit 2 per unit Stopped Book.

From July 1 to December 1, 20x1, Bradley Corporation produced 12.100 units. These units had a material cost of $2. The gross profit is calculated as follows:

(18,000 units times $13) sales $234,000 Less: Supply (14,500 x $2)

-$29,000 Less;

labour -$58,000 (18,000-14,500 x $4); -$14,000 Less Expenses (18,000 - 14,500) x $2 (14,500 x $2) = $29,00 - $7,000 profit of $83,000 Beginning inventory at these costs on July 1 was 3,050 units.

In order to calculate the gross profit, we must first determine the cost of the goods sold, which is displayed below:

= Total units x Beginning Inventory Units + Total Units x (Sale Units - Beginning Inventory Units) = 3,650 Units x $8 + 15,600 Units x $8 = $29,200 + $95,600 = $124,800

Now, the gross profit would equal: Sale units x Total units - Cost of Goods Sold. is $ 78000

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The auto industry is the best example of an oligopoly. The correct answer is option c.

An oligopoly is a market structure in which a few large firms dominate the industry, and each firm's actions can have a significant impact on its competitors. In the auto industry, a small number of large firms, such as General Motors, Ford, and Toyota, dominate the market and have significant market power.

These firms compete with each other through price and non-price strategies such as advertising and product differentiation. Because of their size and market power, these firms can affect the industry's pricing and output decisions, and their actions can have a significant impact on the market.

Thus, the auto industry is an example of an oligopoly where a few large firms dominate the market and have the ability to affect their competitors.

The correct answer is option c.

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Closing entries are then made to reset the temporary accounts to zero and a post-closing trial balance is prepared to ensure that all debits equal all credits.

Based on the information given, there are several transactions that need to be recognized and recorded in the accounting cycle. First, depreciation needs to be recognized on the building and the bike making machine. This involves calculating the depreciation expense based on the useful life of the asset and recording it as an expense in the journal.

Second, accrued salaries of $2,769 need to be recorded as a liability on the balance sheet, as these salaries have been earned but not yet paid.

Third, supplies on hand worth $525 need to be recognized as an asset on the balance sheet.

Fourth, interest accumulated on the 2 bank loans needs to be recognized as an expense in the journal.

Fifth, one month's worth of insurance has been used up and needs to be recognized as an expense in the journal.

Sixth, federal income taxes of 32% need to be recognized and accrued based on the adjusted income.

Once all of these transactions have been recorded, the accounting cycle can be completed by preparing a trial balance, adjusting entries, and the financial statements (income statement, statement of retained earnings, and balance sheet).

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The primary issue in the EP Sports case is the use of non-GAAP metrics to deceive investors.

There were concerns about the timing of revenue recognition and early shipping of merchandise, and the use of an off-balance-sheet cash account to pay bonuses, entertainment expenses, and gifts to local government officials, it was the misleading non-GAAP metrics that were the focus of the investigation.

The company had been using non-standard accounting measures to paint a more positive picture of their financial performance, which ultimately led to the SEC taking action against them.

It is important for investors to be aware of the use of non-GAAP metrics and to carefully evaluate financial statements to ensure that they are getting a complete and accurate picture of a company's financial health.

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Suppose the Federal Reserve wants to increase the money supply by $200. Maintain the assumption that banks do not hold excess reserves and that households do not hold currency. If the reserve requirement is 10%, the Fed will use open-market operations to purchase $2,000 worth of U.S. government bonds.

Now, suppose that, rather than immediately lending out all excess reserves, banks begin holding some excess reserves due to uncertain economic conditions. Specifically, banks increase the percentage of deposits held as reserves from 10% to 25%.

This increase in the reserve ratio causes the money multiplier to decrease to 4. Under these conditions, the Fed would need to purchase $800 worth of U.S. government bonds in order to increase the money supply by $200.

The Fed cannot control whether and to what extent banks hold excess reserves. The Fed cannot control the amount of money that households choose to hold as currency.

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In the real world, the Fed cannot precisely control the money supply due to factors such as banks' lending decisions, excess reserve holdings, and households' currency preferences.

If the Federal Reserve wants to increase the money supply by $200, and the reserve requirement is 10%, the Fed will use open-market operations to purchase $2,000 worth of U.S. government bonds.

If banks increase the percentage of deposits held as reserves from 10% to 25%, the money multiplier will decrease to 4. Under these conditions, the Fed would need to purchase $800 worth of U.S. government bonds in order to increase the money supply by $200.

The following statements help to explain why, in the real world, the Fed cannot precisely control the money supply:

The Fed cannot prevent banks from lending out regulated reserves.

The Fed cannot control whether and to what extent banks hold excess reserves.

The Fed cannot control the amount of money that households choose to hold as currency.

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Since we know that the population has a normal distribution with a mean of $75,000 and a standard deviation of $10,000, we can use the central limit theorem to conclude that the sampling distribution of the sample mean is also approximately normal.

The abbreviation to show the sampling distribution is "X ~ N(75000, 5000)", where X represents the sample mean, N denotes the normal distribution, and 75000 and 5000 represent the mean and standard deviation of the sampling distribution, respectively. This notation tells us that the expected value of the sample mean is $75,000, and the standard deviation of the sample mean is $5,000.

Knowing the sampling distribution of the sample mean allows us to make inferences about the population mean based on the sample mean.

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Here's the correct journal entry to record the transaction assuming that it qualifies as a sale for BBB.

Account Debit Credit

Cash 92,368

Loss on Sale of Receivables 11,232

Receivable from Factor  100,400

Recourse Obligation  3,200

Accounts Receivable 108,900

BBB receives $100,400 cash from Mac Enterprises for the sale of receivables.

BBB holds back $8,500 as additional security, which is recorded as a receivable from Mac Enterprises.

BBB estimates the recourse liability to be $3,200, which is recorded as a liability account, Recourse Obligation.

The remaining balance in Accounts Receivable is transferred to the new owner of the receivables, Mac Enterprises.

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Answer: Here are the ledger accounts for Honey Enterprise:

The collection of dividend from investee based on the information provided is 40,800

current investment fair value: 2,050,000 x 40% = 820,000

previous value in books:    2,050,000 x 10% =      (205,000)

adjustment on Sieda investment:                            615,000

Purchase for                                                              647,000

TradeMark                                                                   32,000

Milani participation in the income: 342,000 x 40% = 136,800

Milani participation in the dividends: 102,000 x 40% =   40,800

Dividends are payments made by a company to its shareholders as determined by the board of directors. Dividend payments are often quarterly and can take the form of cash payments or reinvestments in stock.

Dividend yield, or dividend per share, is given as a percentage of a company's stock price (eg 2.5%).If ordinary shareholders of the company paying the dividend own the shares on or before the ex-dividend date, they are entitled to the payment.

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