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Small House Repairs, Inc. reports basic earnings per share of $3.50, cash dividends per share of $0.75, and a market price per share of $64.75. The company's dividend yield equals:

The board of directors of a corporation:

		Are elected by the corporate registrar. or
		Are responsible for day-to-day operations of the business. or
		Do not have the power to bind the corporation to contracts, due to lack of mutual agency. or
		May not also be executive officers of the corporation, due to the separate entity principle. or
		Are responsible for and have final authority for managing corporate activities.

On June 16, Canton Company purchased 10,000 shares of Kero Corp. stock for $35,000. The investment is classified as available-for-sale securities. On Sept 30, the stock had a fair value of $38,000. Canton should do all of the following except:

		Record an increase to the Fair value Adjustment-AFS account. or
		Record an increase to the Unrealized Gain - Equity account. or
		Report the increase in the equity section of the balance sheet. or
		Report the increase in the asset section of the balance sheet. or
		Record an increase to the Unrealized Gain - Income account.

Describe employer responsibilities for reporting payroll taxes. (To the extent possible, reference the form to be filed for each tax.)

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