USE THE FOLLOWING FACT SET TO ANSWER THE NEXT 3 QUESTIONS: Big Sky Corporation has outstanding 470,000 shares of $10 par value common stock. The corporation declares a 5% stock dividend when the fair value of the stock is $59 per share. QUESTION –> The Journal Entry on the date of declaration will include a:

USE THE FOLLOWING FACT SET TO ANSWER THE NEXT 4 QUESTIONS: On June 30, 2025, Breckenridge Corp issued $4,420,000 face value of 12%, 20-year bonds at $3,584,991, a yield of 15%. Breckenridge uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. NOTE: round all amounts to the nearest dollar. This blank table is optional (not graded). It is here to help you answer the following questions: QUESTION –>  The carrying value of the bonds reported on the 12/31/26 Balance Sheet will be:

On December 31, 2024, Rocky Mountain, Inc. reported the following Income Statement: Sales Revenue                                                             $120,000 Cost of Goods Sold                                                         80,000 Gross Profit                                                                      40,000 Operating Expenses (excluding interest & taxes)            26,000 Interest Expense                                                                1,200 Tax Expense                                                                          860 Calculate Rocky Mountain’s Times Interest Earned ratio on December 31, 2024.

For the year, Everglades Corp had 1,750,000 shares of $1 par common stock and 250,000 shares of $10 par preferred stock outstanding. In addition, the company had 375,000 employee stock options outstanding the entire year. Each stock option entitles the holder to acquire one share of the company’s common stock for $25. The average market price of the company’s common shares is $150. None of the options have been exercised yet. What is the denominator in the calculation of diluted earnings per share?

Yellowstone Inc. issued 300 shares of $5 par Common Stock and 200 shares of $50 par Preferred Stock for a lump sum of $75,000. The fair value of the common stock is $155 per share. The fair value of preferred stock is unknown. The journal entry to record the stock issuance includes a:

USE THE FOLLOWING FACT SET TO ANSWER THE NEXT 3 QUESTIONS: Whistler Inc. has outstanding 12,600 shares of $10 par value common stock. On July 1, 2025, Whistler reacquired 108 shares at $86 per share. On September 1, Whistler reissued 61 shares at $92 per share. On November 1, Whistler reissued 47 shares at $82 per share. Prepare Whistler’s journal entries for each event using the cost method. QUESTION –> The Journal Entry on July 1st will include a:

On October 1, 2025, Shenandoah issued 10%, 10-year bonds with a face value of $800,000 for $708,241, an effective yield of 12%. Interest is paid on April 1 and October 1, with any premiums or discounts amortized using the effective interest method. The bond issuance is recorded correctly on October 1, 2025. Shenandoah’s fiscal year end is December 31st. On December 31, 2025, the Journal Entry to record interest would include a:

USE THE FOLLOWING FACT SET TO ANSWER THE NEXT 3 QUESTIONS: ***Now change the above scenario from a 5% stock dividend to a 100% stock dividend*** Big Sky Corporation has outstanding 470,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $59 per share. QUESTION –> The Journal Entry on the date of declaration will include a:

Which of these begins with primary elections to determine each party’s candidates and concludes with general elections that decide who wins office?

What is typically considered to be the primary role of political parties in Texas?