Business, 06.04.2021 01:00 jljhenkel

Madeline has the following accounts and amounts in her owners' equity section of the balance sheet at the end of the year. Common Stock (par $1.00) $100,000 (Market Value is equal to $20 per share) Additional Paid-In-Capital $100,000 Retained Earnings $100,000 Accumulated Other Comprehensive Income (50,000) Treasury Stock (50,000) Assume Madeline declared a 10% common stock dividend this year. Which of the following is the debit(s) Madeline should make when declaring the stock dividend? a. None of the above
b. Retained Earnings $600,000
c. Retained Earnings $30,000 and PIC for $570,000
d. Treasury Stock $600,000
e. Retained Earnings $30,000

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 11:20

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii

Answers: 1

Answer

Business, 22.06.2019 19:40

Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership

Answers: 3

Answer

Business, 23.06.2019 01:30

True or false: it is generally better to concentrate your exercise time on the weekends only for maximum aerobic benefit.

Answers: 1

Answer

Business, 23.06.2019 02:00

Abc electronics wants someone to install a top-of-the-line security system in its two buildings, a system that not only sounds an alarm but also simultaneously notifies authorities and the company president. video surveillance of the premises should also be a capability of the security system. n order to obtain price quotes, what should the company write? a.an unsolicited proposal b.an internal proposal c.an external proposal d.a request for proposals

Answers: 3

Answer

You know the right answer?

Madeline has the following accounts and amounts in her owners' equity section of the balance sheet a...

Questions