Helene Corporation owns manufacturing facilities in States A, B, and C. A uses a three-factor apportionment formula under which the sales, property and payroll factors are equally weighted. B uses a three-factor apportionment formula under which sales are double-weighted. C employs a single-factor apportionment factor, based solely on sales.
Helene's operations generated $1,000,000 of apportionable income, and its sales and payroll activity and average property owned in each of the three states is as follows.
Helene's apportionable income assigned to A is:
Definitions:
Stock Repurchase Program
A plan initiated by a company to buy back its own shares from the marketplace, reducing the number of outstanding shares.
Special Dividend
A one-time, non-recurring dividend paid by a company to its shareholders, usually reflecting exceptionally good earnings.
2-for-1 Stock Split
A corporate action where a company divides its existing stock into two, reducing the price of each share for investors while maintaining the overall value of their investment.
Information Content Effect
The impact on a company's stock price when new information becomes available to market participants.
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