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snow_lady [41]
3 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]3 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

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which section organizes, assigns, and supervises tactical response resources? a. logistics b. planning c. operations d. finance/
Ilia_Sergeevich [38]

Answer:

C (operations)

Explanation:

Operations Section Chief organizes, assigns, and supervises all the tactical or response resources assigned to the incident.

5 0
1 year ago
Consider the following accounting terms and definitions and match each term to the definition: Accounting a. an economic resourc
spayn [35]
<h2><u>Answer:  </u></h2>

<u>Accounting</u>:

The basic tool of accounting, stated as asset=liabilities + equity (e)  

<u>Asset:</u>

An economic resource that is expected to be of benefit in the future (a)

<u>Balance sheet:</u>

Reports on an entity’s assets, liabilities, and stockholders’ equity as of a specific date (I)

<u>Expense:</u>

Decreases in equity that occur in the course of selling goods/services (f)

<u>Income statement:</u>

Reports on an entity’s revenues, expenses, and net income or loss for the period (j)

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<u>Revenue:</u>

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<u>Statement of cash flow:</u>

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8 0
3 years ago
Read 2 more answers
What is a stock dividend? and im not sure how to calcuate the monthly payment.
maksim [4K]

Answer:

Marie est allee chez le medecin

3 0
3 years ago
Supposed you have had 10 apples. You gave 4 apples to your friend for Christmas. What portion of the initial amount did you give
shtirl [24]

Answer:

The portion of the initial amount that was given away is:

= 0.40

Explanation:

a) Data and Calculations:

Number of apples available = 10

Number of those apples given to a friend for Christmas = 4

The portion given away = 4/10 = 0.4

This represents 40% of the whole.

b) The portion given away to the friend for Christmas is a proportion of the whole.  In this case, it represents just 40% of the 10 apples.  This means that only 60% or 0.60 of the original apples are still available or on hand because 40% had been given away.

6 0
3 years ago
Spelling Corporation has eliminated the need for Finished Goods Inventory as it manufactures customer orders as they are receive
Marizza181 [45]

Answer:

Just-in-time inventory method

Explanation:

Just-in-time inventory method accurately forecasts demand for a good or service, so that it requests only for inventory it uses in production process. This method is aimed at reducing inventory storage cost and other expenses associated with having excess inventory on hand.

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