Answer: C. Additional Paid-in Capital -Common $4.720,000.
Explanation:
Based on the information given in the question, the journal entry to record the stock dividend would go thus:
Debit: Retained earnings = 80000 × $60 = $4,800,000
Credit: Common stock = 80000 × $1 = $80000
Credit: Additional paid in capital- Common stock = 80,000 × $59 = $4,720,000
(To record share dividend)
Therefore, the journal entry to record the stock dividend would include a credit to Additional Paid-in Capital -Common $4.720,000
I can't give my answer it is telling me that my words are rude. see comments for answer
Answer:
The correct answer is $4.14 millions
Explanation:
The term profit margin represents what percentage of sales has turned into profits.
For example:
if the company reports that it achieved a 10% profit margin, it means that it had a net income of $0.10 for each dollar of sales generated.
"A company is a victim of a $414 million fraud"
$414 million x 10%= $4.14 millions
$4.14 million in additional revenue should the company generate in order to recover the effect on net income.
No matter what anyone says a liability is something that cost you money or that you have to spend money to keep
