On February 1, 2018, Cue Company acquired 2,400 shares of its $1 par value stock for $43 per share and held these shares in treasury. On April 10, 2019, Cue resold all the treasury shares for $46 per share. Which of the following entries would be recorded when Cue Company resells the shares of treasury stock? Cash 117,600
Common Stock 2,800
Additional paid-in capital 114,800
Cash 117,600
Treasury Stock 109,200
Additional paid-in capital 8,400
Cash 117,600
Treasury Stock 109,200
Gain on sale of treasury stock 8,400
Cash 117,600
Treasury Stock 109,200
Retained earnings 8,400

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.

What is difference between fiscal year and tax year? explain in the simplest way.