Adams Moving and Storage, a family-owned corporation, declared a property dividend of 1,000 shares of GE common stock that Adams had purchased in February for $37,000 as an investment. GE’s shares had a market value of $35 per share on the declaration date. Prepare the journal entries to record the property dividend on the declaration and payment dates.

      General Journal                  Debit        Credit

1.     Loss on investment            $2,000

       [$37,000 - (1000 * $35)]    

              Investment in GE stock                $1,600

2.     Retained earnings             $35,000

        (1000 * $35)

             Property dividends payable          $35,000

3.     Property dividends payable $35,000

              Investment in GE stock                 $35,000

Explanation:

Given:

1. Lost on the investment:

Number of share*Market price  - Investment:

= $1000*35 -  $37,000 = $2000

1. Loss on Investment A/c Dr $2000        

           To GE shares investment A/c $2000

(Being the adjustment is recorded)

3. Retain earning:

Number of share*Market price

= $1000*35 = $35,000

Retained earnings A/c Dr $35,000        

          To Property Dividends Payable $35,000

(Being the entry is made on declaration date)

3. Property dividend

Property Dividends Payable A/c $35,000

            To GE shares investment A/c $35,000

(record the property dividend on the declaration and payment dates)

C. Fair Credit Reporting Act

Explanation:

Fair Credit Reporting Act was brought into action to lay governance on the credit bureaus regarding their consumers' credit information. The act presents the rules and regulations to be followed to obtain and present the credit details of the consumers. Also, it looks over the manner in which the details are shared with the consumers and others for various other purposes.

According to the given excerpt, the Fair Credit Reporting Act allows Carlos to take an action in case of any error found in his credit report.

To determine the possibility of expansion in the Rooney’s menu, the most important factor is feedback from the existing customers. Being a marketing consultant both internal and external factors must be considered. Internal factors - company's internal available resources such as fund, employees etc. Capabilities and strategies. 

External aspect is environmental context competitor's customer wants, needs and potentials.