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
snow_lady [41]
2 years ago
14

Albert Co. acquired 4,000 shares of Nolan, Inc., common stock on October 20, Year 2, for $66,000. On November 30, Year 4, Nolan

distributed a 10% common stock dividend when the market price of the stock was $25 per share. On December 20, Year 4, Albert sold 400 shares of its Nolan stock for $10,600. For the year ended December 31, Year 4, how much should Albert report as dividend revenue
Business
1 answer:
Naya [18.7K]2 years ago
4 0

Answer:

$10,000

Explanation:

Albert has 4,000 stocks and Nolan distributed a 10% common stock dividend on November 30, that means that Albert received 400 common stocks as dividend payments.

To calculate the amount that Albert must report as dividend income, we must multiply the total amount of common stocks received as dividend payment times the market price of the stocks at November 30 = 400 shares x $25 per share = $10,000

You might be interested in
QUIZ ENDS AT 12:OOPM TODAY. WILL MARK BRAINLIEST!!!!!
pochemuha

Answer:

b. OSHA 30-Hour

Explanation:

The certification program for safety professionals offered at an OTI education center is called <u>OSHA 30-Hour.</u>

7 0
3 years ago
Read 2 more answers
What kind of documents does Publisher handle best?
kifflom [539]
Newsletter!

If correct mark please! Have a nice daub
4 0
2 years ago
Which investment has the least liquidity? mutual fund house checking account corporation Mark this and return Save and Exit Next
Elina [12.6K]

<u>The answer is "corporation".</u>


Liquidity alludes to how effectively resources can be changed over into money. Resources like stocks and bonds are exceptionally fluid since they can be changed over to money inside days. However, vast resources, for example, property, plant, and gear are not as effectively changed over to money. For instance, your financial records is fluid, however on the off chance that you claimed land and expected to offer it, it might take weeks or months to sell it, making it less fluid.  

Corporate finance is the zone of fund managing the wellsprings of subsidizing and the capital structure of enterprises, the moves that directors make to build the estimation of the firm to the investors, and the instruments and investigation used to designate money related assets.

8 0
2 years ago
Read 2 more answers
Draiman Guitars is offering 110,000 shares of stock in an IPO by a general cash offer. The offer price is $39 per share and the
Zolol [24]

Answer:

$3,596,800

Explanation:

The computation of net proceeds to the company is shown below:-

Net proceeds = Number of shares of stock × Offer price × (1 - Underwriter spread percent) - Administrative cost

= 110,000 × $39 × (1- 0.08) - $350,000

= 110,000 × $39 × 0.92 - $350,000

= $3,946,800 - $350,000

= $3,596,800

So, for determining the net proceeds we simply applied the above formula.

6 0
3 years ago
Equity securities acquired by a corporation which are accounted for by recognizing unrealized holding gains or losses are Group
yawa3891 [41]

Answer

Associate: where a company has holdings of between 20% and 50%.

Minority Interest: where a company has holdings of less than 20%

Parent Company: where a company has holdings of more than 50%.

Explanation:

<u>An associate company </u>(or associate) is a company that owns a business beyond 20% and not more than 50%. In business valuation such a company that has invested significantly in the shares of another company will have voting rights in the board of the acquired company.

<u>Minority Interest</u> is the term used to describe the investments of one company in another company, when such investments are less than 20% of the total value of the acquired company.

<u>Parent Company</u> is a company that owns more than half (50%) of the shares or value of another company.

4 0
3 years ago
Other questions:
  • On January 1, 2016, Wasson Company purchased a delivery vehicle costing $50,710. The vehicle has an estimated 8-year life and a
    11·1 answer
  • When rebuilding a steering system, a can of bolts and nuts was somehow lost. Technician A says to simply go to the hardware stor
    12·1 answer
  • When someone gets a small sum of money based on the service they gave is called a _____?
    13·2 answers
  • A car dealership gives another company a consumer's financial records without notifying the consumer. Which regulatory act did t
    11·2 answers
  • Tim, a single taxpayer, operates a business as a single-member LLC. In 2018, his LLC reports business income of $394,000 and bus
    14·1 answer
  • What assumption is made with supply-side economics?
    11·2 answers
  • If consumers often purchase muffins to eat while they drink their lattés at local coffee shops, what would happen to the equilib
    12·1 answer
  • Our company sells a product for $150 per unit. Variable costs are $90 per unit and fixed costs are $18,000. The company expects
    8·1 answer
  • Approximately what is the expected dollar rate of return on euro deposits if today's exchange rate is $1.18 per euro, next year'
    11·1 answer
  • What is the acronym for SCAMBER?​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!