ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 22

What is the rate of return on common stock equity for Sealy
Corporation for the year ended 2015?

22) An entry is not made on the

23) The issuer of a 5% common stock dividend to common
stockholders should transfer from retained earnings to paid-in
capital an amount equal to the

24) Layne Corporation had the following information in its
financial statements for the years ended 2014 and 2015:

Cash dividends for the year 2015

$10,000

Net income for the year ended 2015 83,000

Market price of stock, 12/31/14

10