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Journalize the necessary entry for each transaction. (Please leave any unnecessary boxes blank.) MB Sports Medicine has 2,000,000, $10 par common shares issued and 500,000 treasury shares as of April 1st. Apr. 1 Declared a 5% stock dividend when the stock’s market value was $50 per share. DATE   Debit Credit 4/1     b. May 1 Issued the stock dividend that was declared on April 1st. DATE   Debit Credit 5/1    

Strickland Corporation has invested in debt securities. Strickland intends to actively buy and sell this investment for profit. This investment is classified as:

Fargo Company’s outstanding stock consists of 400 shares of noncumulative 5% preferred stock with a $10 par value and 3,700 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared and PaidYear 1 $27,000Year 2 $5,000Year 3 $36,000 The amount of dividends paid to preferred and common shareholders in year 1 is:

The costs to start a corporation, including legal fees, promoters’ fees, and payments for a charter, are called:

The total amount of cash and other assets that a corporation receives from its stockholders in exchange for its stock is:

The following data has been collected about Keller Company’s stockholders’ equity accounts: Common stock $100,000Paid-in capital in excess of par value, common stock $50,000Retained earnings $25,000Treasury stock $11,500 Assuming the treasury shares were all purchased at $11.50, the number of shares of treasury stock is:

Stock shares that are reacquired by the issuing corporation are called:

Academic Honesty Dishonesty, such as cheating, plagiarism, or knowingly furnishing false information to the College is subject to disciplinary action. Upon enrollment at Indian River State College, all students assume the responsibility of compliance and cooperation with College and Campus Coalition Government Policies, just as each student is responsible to the larger community state, and nation in which he/she lives. Academic Dishonesty Includes: 1. Submitting another individual’s work as your own. 2. Uploading to or viewing assignments from websites such as Chegg, Course Hero, etc. 3. Consulting any source of material other than those expressly approved by the course instructor. (Consult your instructor if you have any questions regarding approved sources.) 4. Distributing assignment questions/answers. Honorlock Testing Rules In order to foster an effective and professional virtual testing environment, it is imperative to observe the following guidelines for exams proctored by Honorlock: -Only the on-screen Honorlock-provided calculator may be used -Make sure you are in a quiet testing area with no distractions -You may not have anyone in the testing area with you -No bathroom breaks will be allowed during the exam window -Turn off cellphones and make sure they are stored out of reach -Take off and power down any smartwatches and make sure they are stored out of reach -Keep your eyes on the screen at all times while taking the exam -No notes, textbooks, or any other outside sources are allowed -No scrap paper is allowed  -No hats are allowed to be worn during the exam -Do not read questions out loud. -Additionally, a working computer device with an adequate internet connection is the responsibility of the student. Thus, make sure you are in a place with a strong internet connection. Honorlock recordings will be reviewed by the department. Not adhering to Honorlock rules will result in a 0 on the assessment or an F in the course. Please initial below to attest that you have read and understand the above.

If a state law provides more consumer protection than a federal law, for instance, a state funeral law has a higher standard of compliance than the FTC Funeral Rule, which law takes effect?

Which of the following is prohibited by the funeral rule?