Indicate whether RP’s act is unethical or not, and indicate whether the answer would change, if RP had mentioned about the increase in cash dividends.

Question

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Answer 1

Question

Chapter 21, Problem 1EC

1.

To determine

Indicate whether RP’s act is unethical or not, and indicate whether the answer would change, if RP had mentioned about the increase in cash dividends.

2.

To determine

Indicate the action of RP’s boss, if the boss knew about RP’s hints to his uncle.

3.

To determine

Distinguish between the cash dividends and stock dividends.

4.

To determine

Give the reasons as to why a company wants to pay a low or a high dividend.

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provide correct answer General accounting

Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit. During July, the company purchased 40,000 pounds of direct materials for $210,000 and manufactured 12,000 finished units. The standard direct materials cost allowed for the units manufactured is $120,000. The performance report shows that Pricilla has an unfavorable direct materials usage variance of $5,000. Also, the company records any price variance for materials at time of purchase. The number of pounds of direct materials used to produce July's output was: a. 12,000 pounds b. 20,000 pounds c. 24,000 pounds d. 25,000 pounds e. 40,000 pounds

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Answer 2

Question

Chapter 21, Problem 1EC

1.

To determine

Indicate whether RP’s act is unethical or not, and indicate whether the answer would change, if RP had mentioned about the increase in cash dividends.

2.

To determine

Indicate the action of RP’s boss, if the boss knew about RP’s hints to his uncle.

3.

To determine

Distinguish between the cash dividends and stock dividends.

4.

To determine

Give the reasons as to why a company wants to pay a low or a high dividend.

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Answer 3

Question

Chapter 21, Problem 1EC

1.

To determine

Indicate whether RP’s act is unethical or not, and indicate whether the answer would change, if RP had mentioned about the increase in cash dividends.

2.

To determine

Indicate the action of RP’s boss, if the boss knew about RP’s hints to his uncle.

3.

To determine

Distinguish between the cash dividends and stock dividends.

4.

To determine

Give the reasons as to why a company wants to pay a low or a high dividend.

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Answer 4

Question

Chapter 21, Problem 1EC

1.

To determine

Indicate whether RP’s act is unethical or not, and indicate whether the answer would change, if RP had mentioned about the increase in cash dividends.

2.

To determine

Indicate the action of RP’s boss, if the boss knew about RP’s hints to his uncle.

3.

To determine

Distinguish between the cash dividends and stock dividends.

4.

To determine

Give the reasons as to why a company wants to pay a low or a high dividend.

Expert Solution & Answer

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Answer 5

Chapter 21, Problem 1EC

1.

To determine

Indicate whether RP’s act is unethical or not, and indicate whether the answer would change, if RP had mentioned about the increase in cash dividends.

2.

To determine

Indicate the action of RP’s boss, if the boss knew about RP’s hints to his uncle.

3.

To determine

Distinguish between the cash dividends and stock dividends.

4.

To determine

Give the reasons as to why a company wants to pay a low or a high dividend.

Answer 6

Chapter 21, Problem 1EC

1.

To determine

Indicate whether RP’s act is unethical or not, and indicate whether the answer would change, if RP had mentioned about the increase in cash dividends.

Answer 7

Chapter 21, Problem 1EC

1.

To determine

Indicate whether RP’s act is unethical or not, and indicate whether the answer would change, if RP had mentioned about the increase in cash dividends.

Answer 8

2.

To determine

Indicate the action of RP’s boss, if the boss knew about RP’s hints to his uncle.

Answer 9

2.

To determine

Indicate the action of RP’s boss, if the boss knew about RP’s hints to his uncle.

Answer 10

3.

To determine

Distinguish between the cash dividends and stock dividends.

Answer 11

3.

To determine

Distinguish between the cash dividends and stock dividends.

Answer 12

4.

To determine

Give the reasons as to why a company wants to pay a low or a high dividend.

Answer 13

4.

To determine

Give the reasons as to why a company wants to pay a low or a high dividend.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 21 - Income taxes are a unique expense of the corporate...Ch. 21 - Prob. 2TF Ch. 21 - Prob. 3TF Ch. 21 - Prob. 4TF Ch. 21 - Prob. 5TF Ch. 21 - Prob. 1MC Ch. 21 - Prob. 2MC Ch. 21 - Prob. 3MC Ch. 21 - Prob. 4MC Ch. 21 - Prob. 5MC

Indicate whether RP’s act is unethical or not, and indicate whether the answer would change, if RP had mentioned about the increase in cash dividends.

Solution Summary: The author explains the difference between cash and stock dividends, and if the boss knew about RP's hints to his uncle, he would fire him or warn him of illegal acts.

Indicate whether RP’s act is unethical or not, and indicate whether the answer would change, if RP had mentioned about the increase in cash dividends.

Indicate the action of RP’s boss, if the boss knew about RP’s hints to his uncle.

Distinguish between the cash dividends and stock dividends.

Give the reasons as to why a company wants to pay a low or a high dividend.

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Chapter 21 Solutions