Mercer Corporation Has 200,000 Shares of $10 Stated Value No-Par

question 93

Essay

Mercer Corporation has 200,000 shares of $10 stated value no-par common stock authorized,and 160,000 shares were outstanding during 2012.The following transactions relate to cash dividends of Mercer Corporation for the year ended December 31,2012.Prepare entries in journal form without explanations to record the following transactions:

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Definitions:

Iron Law

A principle stating that oligarchy is inevitable as an organizational size increases, due to the necessity of leadership hierarchy.

Power Imbalances

Situations where one party has more control or influence over another, potentially leading to unfair practices or unequal treatment.

Forces

Factors or influences that cause change in behavioral or situational dynamics within individual, group, or organizational levels.

Potential Resource

An asset or input that could provide value or benefit to an organization or project if properly leveraged or utilized.