Farmer corp. owned 20,000 shares of eaton corp. purchased in 2007 for $240,000. on december 15, 2010, farmer declared a property dividend of all of its eaton corp. shares on the basis of one share of eaton for every 10 shares of farmer common stock held by its stockholders. the property dividend was distributed on january 15, 2011. on the declaration date, the aggregate market price of the eaton shares held by farmer was $400,000. assuming that eaton shares have not been market to market since acquisition, the entry to record the declaration of the dividend would include a:
a. credit to retained earnings of $240,000.
b. debit to retained earnings of $160,000.
c. credit to retained earnings of $240,000.
d. debit to retained earnings of $400,000.

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

Based on what you learned about time management which of these statements are true

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.