Determining the effects of stock splits on the accounting recordsthe market value of yeates corporation’s common stock had become excessively high. the stock was currently selling for$240 per share. to reduce the market price of the common stock, yeates declared a 3-for-1 stock split for the 100,000outstanding shares of its $10 par value common stock. required3. what entry will be made on the books of yeates corporation for the stock split? b. determine the number of common shares outstanding and the par value after the split. c. explain how the market value of the stock will be affected by the stock split.

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

The biweekly taxable wages for the employees of rite shop follow. compute the fica taxes for each employee and the employers fica taxes

On february 10, 2014, after issuance of its financial statements for 2013, higgins company entered into a financing agreement with cleveland bank, allowing higgins company to borrow up to $6,000,000 at any time through 2016. amounts borrowed under the agreement bear interest at 2% above the bank's prime interest rate and mature two years from the date of loan. higgins company presently has $2,250,000 of notes payable with star national bank maturing march 15, 2014. the company intends to borrow $3,750,000 under the agreement with cleveland and liquidate the notes payable to star national bank. the agreement with cleveland also requires higgins to maintain a working capital level of $9,000,000 and prohibits the payment of dividends on common stock without prior approval by cleveland bank. from the above information only, the total short-term debt of higgins company as of the december 31, 2013 balance sheet date is