The following account balances appear on the balance sheet of Osgood Industries:
Common Stock (300,000 shares authorized, $100 par): $10,000,000
Paid-In Capital in Excess of Par—Common Stock: $2,000,000
Retained Earnings: $45,000,000
The board of directors declared a 2% stock dividend when the market price of the stock was $135 a share.

Required:
(1) Journalize the entries to record:*
(a) the declaration of the dividend, capitalizing an amount equal to market value
(b) the issuance of the stock certificates
(2) Determine the following amounts before the stock dividend was declared:
(a) Total paid-in capital
(b) Total retained earnings
(c) Total stockholders’ equity
(3) Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year:
(a) Total paid-in capital
(b) Total retained earnings
(c) Total stockholders’ equity

Susie buys two goods - rounds of golf and massages. suppose that the price of a round of golf is $20, and the price of a massage is $30. in a typical week susie will play two rounds of golf, getting 20 units of satisfaction from the second round. she normally buys three massages each week, with the third giving her 30 units of satisfaction. if she were to buy a fourth massage in a week, it would give her 20 units of satisfaction. if the price of massages is reduced to $15, which of the following outcomes might we expect to occur? a) susie would leave her consumption choices unchanged because of diminishing marginal utility in the consumption of massages. b) susie would buy more massages and more rounds of golf, as predicted by the substituion effect. c) susie would buy more massages and fewer rounds of golf, as predicted by the substitution effect. d) susie would buy more massage and fewer rounds of golf, as predicted by income effect.