Recording and Reporting Stockholders Equity Transactions, Including Closing Entry [LO 11-2, LO 11-3]The following information applies to the questions displayed below.]The annual report for Malibu Beachwear reported the following transactions affecting stockholders’ equity:a. Purchased $350,000 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,000.c. Paid the dividends in (b).d. Issued 100,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account.1 Record the purchase of 350000 common stock. 2 Record the cash dividends declared in the amount of $260,000. 3 Record the payment of the dividend. 4 Record the issue of 100,000 shares of $0.10 par value common shares for $2 per share. 5 Closed the Dividends account. Record the entry.

Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation

On july 1, 2016, killearn company acquired 103,000 of the outstanding shares of shaun company for $21 per share. this acquisition gave killearn a 40 percent ownership of shaun and allowed killearn to significantly influence the investee's decisions. as of july 1, 2016, the investee had assets with a book value of $6 million and liabilities of $1,468,500. at the time, shaun held equipment appraised at $140,000 above book value; it was considered to have a seven-year remaining life with no salvage value. shaun also held a copyright with a five-year remaining life on its books that was undervalued by $562,500. any remaining excess cost was attributable to goodwill. depreciation and amortization are computed using the straight-line method. killearn applies the equity method for its investment in shaun. shaun's policy is to declare and pay a $1 per share cash dividend every april 1 and october 1. shaun's income, earned evenly throughout each year, was $580,000 in 2016, $606,600 in 2017, and $649,200 in 2018. in addition, killearn sold inventory costing $93,000 to shaun for $155,000 during 2017. shaun resold $97,500 of this inventory during 2017 and the remaining $57,500 during 2018.a. determine the equity income to be recognized by killearn during each of these years. 2016 2017 2018b. compute killearn’s investment in shaun company’s balance as of december 31, 2018.

Eileen's elegant earrings produces pairs of earrings for its mail order catalogue business. each pair is shipped in a separate box. she rents a small room for $150 a week in the downtown business district that serves as her factory. she can hire workers for $275 a week. there are no implicit costs. what is the marginal product of the second worker?