Answer:
Detailed step-wise solution in tabular form is given below:
Contract.
A contract is a legally binding agreement that controls the rights and responsibilities of the parties who agree to it.
Answer:
what type of answer do you need?
Explanation:
?
Answer:
it depends on how many u get and what type and what store u get them from.
Explanation:
Answer:
- Gain = $271,310
- Net reduction in retained earnings = $105,690
Explanation:
Gain = (Ivanhoe market price - Purchase price) * Number of shares issued as property dividend
Purchase price = 130,000 / 16,000
= $8.13
Number of shares issued as property dividend = 130,000 shares of Concord / 10
= 13,000 Ivanhoe shares
Gain = (29 - 8.13) * 13,000
= $271,310
Net reduction in retained earnings:
= Dividends payable - Gain
= (13,000 * 29) - 271,310
= $105,690
