At the time that kirby company issued a 2-for-1 stock split, the company had 5,000 shares of $6 par value common stock outstanding. stockholders' equity also included $15,000 of paid in capital in excess of par value–common and $22,000 of retained earnings. which of the following statements regarding the impact of the stock split is true? (a) the balance of the common stock account will be $30,000.(b) the amount of paid-in capital in excess of par–common will become $150,000.(c) the balance in the retained earnings account will become $11,000.(d) the number of outstanding shares of common stock will be 2,500.

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows. direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow. fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?