Answer:
the dividend revenue account is credited
Explanation:
As we know that the dividend is the company profit that is divisible and the same is to be issued to the shareholder with respective to the number of shares purchased
In the case when Yale Co. paid the dividend so here the dividend revenue account is credited in the case when the company received the dividend
Hence, the dividend revenue account is credited
Answer:
b. $5,000
Explanation:
<u>September 26th</u>
1,000 x 5 = 5,000 stock rights Investment
It receive 1,000 right at $5 dollars each the total is 5,000
This rights were detachable from the stocks, so they have a diferent account, they are independent from the common shares purchased on March 4th
Answer:
$15.64
Explanation:
first we must determine the market value of the bond without the warrants:
PV of face value = $1,000 / (1 + 3.5%)⁵⁰ = $179.05
PV of coupon payments = $25 x 23.45562 (PV annuity factor, 3.5%, 50 periods) = $586.39
market value = $765.44
the market value of the 15 warrants = $1,000 - $765.44 = $234.56
market value per warrant = $234.56 / 15 = $15.64
You should call back to check on your application progression. (but not immediately after) I hope this helps!
Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the production process. The equivalent units for materials at Malcolm would be the sum of Units in beginning work in process and units started.
Answer: Option (2) is correct
<u>Explanation:</u>
The weighted average process costing system is used in case of those processes of production which are standardized.
The beginning cost of work in the process is added to the cost during the period and then it is divided by total equivalent units to arrive at the average cost per unit. Now the equivalent units for material at Malcolm would be units in the beginning work in process and the units started.
