1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
charle [14.2K]
1 year ago
5

cobb co. purchased 10,000 shares (2% ownership) of roe co. on february 12. cobb received a stock dividend of 2,000 shares on mar

ch 31 when the carrying amount per share on roe's books was $35 and the market value per share was $40. roe paid a cash dividend of $1.50 per share on september 15. in cobb's income statement for the year ended october 31, what amount should cobb report as dividend income?
Business
1 answer:
stiks02 [169]1 year ago
7 0

cobb must include $18,000 as dividend income in its income statement for the current year.

Given,

10,000 shares were bought.

2 ownership

2,000 shares of stock were received as a dividend.

The market price per share is $40.

$1.50 per share in cash dividends

The formula listed below can be used to determine dividend income:

Number of Shares x Dividend Per Share = Dividend Income

Dividend Income = 12,500 divided by $1.50

$18,000 is the dividend income.

the dividend income is $18,000 as a result.

Amounts delivered to the company's shareholders are referred to as dividend income dividend income. As a result, the company's profits or earnings are used to pay out dividends.

Learn more about dividend income here:

brainly.com/question/26031527

#SPJ4

You might be interested in
In the new communication environment, advertising is often the single most important element of a marketing communications progr
Delvig [45]

The given statement is True.

In this new communication environment, advertising is often the single most important element of a marketing communication program for sales and building brand and customer equity.

Explanation:

Advertising is an important part of Marketing. Advertising is basically a written, verbal, non verbal, visual, promotional message about the product or service by the company.

In this new world of communication, Advertising is very important, because without advertising, it is very difficult to attract customers and make the customer's base and build the brand image among them.

Advertising is done by companies through medium like, Television, Magazines, Billboards, Hoardings, Promotional Events, etc.

Learn more about Advertising at:

brainly.com/question/11698706

#LearnWithBrainly

4 0
3 years ago
If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
luda_lava [24]

If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.

Inelastic demand is demand for which the change in quantity demanded is small due to changes in price. Demand is elastic if the formula yields an absolute value greater than 1. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic.

For example, consumers are less price relatively insensitive if the product or service is unique or has few alternatives. Consumers are less price sensitive when total costs are low relative to total revenues. The total effort compared to the total cost of the final product also influences price sensitivity.

Learn more about price inelastic at

brainly.com/question/5078326

#SPJ4

<em>Your question is incomplete. please read below to find the full content.</em>

If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.

price inelastic.

quantity demanded.

relative price increase.

change in price.

7 0
2 years ago
Which of the following is an example of​ investment? A. a person depositing $ 100 a week to her savings account B. a person's an
lara31 [8.8K]

Answer:

C. the purchase of new buses by Greyhound

Explanation:

The investment is the amount that should be invested in order to generate the income

So as per the given situation,the option C is correct as if we puchase the new buses so there is a big investment but after investing into it it generated the income on daily basis

So this should be the example of the investment

4 0
3 years ago
A person is mad at their roommate so out of spite they decide to intercept a credit card offer in the mail, and fill it out in t
Rudik [331]

Answer:

The correct answer is letter "B": identity theft .

Explanation:

Identity theft refers to the act of using other people's information to obtain usually a financial advantage. Full names, social security numbers, phone numbers or any other individual information is stolen from others to be used in favor of the criminal.

8 0
3 years ago
Reethika is in a meeting and has an important question. The only coworker who can answer the question is in a different meeting.
Savatey [412]

Answer:

In the following situation:

Reethika is in a meeting and has an important question. The only coworker who can answer the question is in a different meeting.

The only way Reethika can get the answer without disturbing either meeting is:

Sending a direct text message to her co-worker's cellphone.  

Explanation:

First of all, she can't send someone to look for her because that would disturb both meetings. Also, if she calls her that is also going to disturb both meetings. The only way she has is to send an e-mail or an SMS to her co-worker. However, that depends on the effect people can take upon her. Nevertheless, text messages like e-mails, SMS, or direct messages don't have a high level of disturbance. Considering most people have their cellphones in silence mode.

5 0
3 years ago
Other questions:
  • On March 15, a fire destroyed Sheridan Company's entire retail inventory. The inventory on hand as of January 1 totaled $5900000
    15·1 answer
  • As of june 30, 2019, great adventures finishes its first 12 months of operations. if suzie wants to prepare financial statements
    7·1 answer
  • What is one of the largest contributors to health problems in low-income countries?
    7·1 answer
  • Define market plan for marketing
    14·1 answer
  • Which of the following might explain the evidence of an endowment effect in behavioral economics?A) Government regulation B) Kno
    10·1 answer
  • Economic leverage occurs when a business uses it economic power to:
    11·1 answer
  • Batson Company produces Trivets. Based on its master budget, the company should produce 1,000 Trivets each month, working 2,500
    8·1 answer
  • Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materia
    12·1 answer
  • Sawyer Industries began business at the start of the current year. The company planned to produce 25,000 units, and actual produ
    5·1 answer
  • On January 4, 2021, Snow Co. purchased 40,000 shares (40%) of the common stock of Walker Corp., paying $900,000. There was no go
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!