In keeping with a modernization of corporate statutes in its home state, umc corporation decided in 2018 to discontinue accounting for reacquired shares as treasury stock. instead, shares repurchased will be viewed as having been retired, reassuming the status of unissued shares. as part of the change, treasury shares held were reclassified as retired stock. at december 31, 2017, umc's balance sheet reported the following shareholders' equity: ($ in millions) common stock, $1 par $ 200 paid-in capital—excess of par 800 retained earnings 956 treasury stock (4 million shares at cost) (25 ) total shareholders’ equity $ 1,931 required: a. identify the type of accounting change this decision represents. b. prepare the journal entry to effect the reclassification of treasury shares as retired shares.

What is "staffing level"? a) the practice of assigning the same number of workers to each department b) the average educational level attained by employees of a business c) the rank above cashier d) the number of workers assigned to jobs at a particular time

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .

Which is one solution to levy the complexity of the global matrix strategy with added customer-focused dimensions?