On may 1, year 3, the board of directors of boxer industries declared a property dividend of 4,500 shares of king corporation common stock that boxer had purchased as an investment (book value: $58,500). the market value of the 4,500 king shares was $121,500 (or $27 per share) on the date of declaration and $180,000 (or $40 per share) on the date of distribution. what amount will be debited to retained earnings in the journal entry recorded on the declaration date?

These could be explained as follows.

Explanation: The amount to be debited in retained earnings on the declaration date will be $121,500.

Journal entries will be as follows -

1. Investment A/C Dr.   $63,000

     To revaluation A/C $63,000

( Being the value of investment increased)

2. Retained earnings A/C Dr.   $121,500

     To dividend payable  A/C   $121,500

       ( Being dividend declared)

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi