Sales executives generally are more involved in level 1 decisions such as business and marketing strategy, than level 2 decision

On December 1, 2017, Arthur, Inc had 40,000 shares of $10 par value common stock issued and outstanding

The next day it declared a 50% stock dividend. The market value of the stock on that date was $9 per share. Which of the following is the correct journal entry to record this transaction? A) debit Stock Dividends $360,000 and credit Cash $360,000 B) debit Stock Dividends $360,000, credit Common Stock $400,000, and credit Paid-In Capital in Excess of Par -$40,000 C) debit Common Stock $200,000 and credit Cash $200,000 D) debit Stock Dividends $200,000 and credit Common Stock Dividend Distributable $200,000

A report of wages and withholdings for each employee is called

A) form W-2. B) form W-3. C) form 1099-Misc. D) form 941.