Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on December 1, the board voted to declare a cash dividend of $5 per share to be paid on December 31, to shareholders of record as of December 16.
Required:
Write the necessary journal entry on the date of declaration by selecting the account names.
Answers: 3
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Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?
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Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of t...
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