subject
Business, 07.04.2020 21:32 kingalex7575

Newland Company reported retained earnings at December 31, 2019, of $310,000. Newland had 200,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020.a. An error was discovered. In 2015, depreciation expense was recorded at $70,000, but the correct amount was $50,000.
b. A cash dividend of $0.5 per share was declared and paid.
c. A 5% stock dividend was declared and distributed when the market price per share was $15 per share.
d. Net income was $285,000.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 18:20
Alyeska services company, a division of a major oil company, provides various services to the operators of the north slope oil field in alaska. data concerning the most recent year appear below: sales $18,000,000 net operating income $6,300,000 average operating assets $35,200,000 1. compute the margin for alyeska services company. (round your answer to 2 decimal places.) 2. compute the turnover for alyeska services company. (round your answer to 2 decimal places.) 3. compute the return on investment (roi) for alyeska services company. (round your intermediate calculations and final answer to 2 decimal places.)
Answers: 1
question
Business, 21.06.2019 20:30
Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400.$186,800.
Answers: 2
question
Business, 21.06.2019 23:30
Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?
Answers: 3
question
Business, 22.06.2019 09:30
An object that is clicked on and takes the presentation to a new targeted file is done through a
Answers: 2
You know the right answer?
Newland Company reported retained earnings at December 31, 2019, of $310,000. Newland had 200,000 sh...
Questions
question
Mathematics, 26.02.2021 04:30
question
Mathematics, 26.02.2021 04:30
question
Social Studies, 26.02.2021 04:30
question
Mathematics, 26.02.2021 04:30
question
Arts, 26.02.2021 04:30
Questions on the website: 13722367