The shareholders’ equity of core technologies company on june 30, 2020, included the following: common stock, $1 par; authorized, 8 million shares; issued and outstanding, 3 million shares $ 3,000,000 paid-in capital—excess of par 12,000,000 retained earnings 14,000,000 on april 1, 2021, the board of directors of core technologies declared a 10% stock dividend on common shares, to be distributed on june 1. the market price of core technologies’ common stock was $30 on april 1, 2021, and $40 on june 1, 2021.complete the below table to calculate the stock dividend. prepare the journal entries to record the declaration and distribution of the stock dividend.

Explanation:

Before recording the journal entries first we have to determine the stock dividend which is shown below:

= Number of outstanding shares × stock dividend percentage × market price  on April 1

= 3,000,000 shares × 10% × $30

= $9,000,000

The Number of outstanding shares × stock dividend percentage = Issued shares

The journal entries are shown below:

On April 1, 2021

Retained earnings A/c Dr $9,000,000

      To Common stock dividends distributable $300,000

      To Paid-in capital—Excess of par $8,700,000

(Being the declaration of dividend is recorded and the remaining balance is credited to the Paid-in capital—Excess of par)

On June 1, 2021

Common stock dividends distributable A/c Dr $300,000

       To Common stock $300,000

(Being distribution of the stock dividend is recorded)

multiculturalism is a particular subject of debate in certain european nations that are associated with the idea of a single nation within their country. critics of multiculturalism may argue against cultural integration of different ethnic and cultural groups to the existing laws and values of the country.

so yes, multiculturalism can (and usually does) result in the host country/continent losing its culture, identity and linguistics, especially due to the raw numbers of demographic transitions.

explanation: