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
lianna [129]
3 years ago
7

The stockholders' equity section of the balance sheet for Potawatomi Corporation appeared as follows before its recent stock div

idend: Common stock, $10 par, 10,000 shares issued and outstanding $ 100,000 Additional paid-in capital - common 120,000 Retained earnings 150,000 Total stockholders' equity $ 370,000 Potawatomi declared a 10% stock dividend (considered small) when the market price per share was $20. After the stock dividend was distributed, the components of the stockholders' equity section were: Common Stock Additional Paid-in Capital Retained Earnings [A] [B] [C]
Business
1 answer:
adell [148]3 years ago
7 0

Answer:

Common stock = $110,000

Additional paid-in capital  = $130,000

Retained earnings = $170,000

Explanation:

Computation of the given data are as follows:

Common stock after issuing stock dividend = $100,000 + ( 10,000 ×10% × $10)

= $100,000 + 10,000 = $110,000

Additional paid-in capital after issuing stock dividend = 120,000 +  ( 10,000 ×10% × $10)

= 120,000 + 10,000 = $130,000

Retained earnings after issuing stock dividend = 150,000 +  ( 10,000 ×10% × $20)

= 150,000 + 20,000 = $170,000

You might be interested in
Sadie and Sam share income equally. For the current year, the partnership net income is $40,000. Sadie made withdrawals of $14,0
4vir4ik [10]

Answer:

Explanation:

Beginning capital balance(Sam)  $58000

+ Currnt year income ( $40000 / 2 = $20000) $20000

[Devide by 2 because they share income]

- Sam's withdrawal  ($15000)

Sam's capital balance = 58000+20000-15000 = $63000

8 0
3 years ago
If the structural unemployment rate is 3%, the frictional unemployment rate is 2%, and the cyclical unemployment rate is 4%, the
Damm [24]

Answer:

False

Explanation:

In this scenario, the natural rate of unemployment would be 5% = 3% of frictional unemployment plus 2% of cyclical unemployment. The other type of unemployment that is part of the natural rate is not referenced in the question (surplus unemployment).

Cyclical unemployment is not added up because it is not part of natural unemployment.

In fact, what natural unemployment basically is, is unemployment that does not depend on business cycle, that is not cyclical. In that sense, cyclical unemployment is totally the opposite to natural unemployment, and you only reach a rate of natural unemployment, when cyclical unemployment is eliminated in a healthy economy.

5 0
2 years ago
A. True
timurjin [86]
<span>FALSE.  You must carry insurance on motorcycles as well as cars. </span>
8 0
3 years ago
Read 2 more answers
In the​ swim-lane format of a business process​ model, all​ _______ for a role are included in that​ role's swim-lane.
boyakko [2]
<span>In the​ swim-lane format of a business process​ model, all​ activities for a role are included in that​ role's swim-lane.

The swim lane is used to show flow diagrams or charts that list out the responsibilities of a business and its employees. These lanes can be arranged horizontally or vertically. Think of them as lap swim lanes in a pool, that helps keep the business roles in line. </span>
8 0
2 years ago
Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for De
Dvinal [7]

Answer:

Equivalent units

a) Weighted average =  523,200 units

b)  FIFO =  480,000 units

Explanation:

<em>FIFO Method.</em>

<em>Fully worked units</em><em>: These represent units of inventory that were started in a current period and completed that same period. The fully worked units are calculated in order to separate the opening inventory from  the the newly introduced when accounting for completed units under the FIFO.</em>

For magic company , fully worked units is

= 480,000 - 72,000 = 408,000 units

Equivalent units using Weighted Average

<em>Here, there are no distinction between opening inventory and the newly introduced</em>.

                                                            <em>            Equivalent Units</em>

Completed unit                    (100%× 480,000) = 480,000

Closing inventory                (60% × 72,000) = <u>     43,200</u>

Total equivalent units                                       <u>523,200</u>

Equivalent Units using FIFO

Item                                                               <em>Equivalent Units</em>

Opening inventory              (40% × 72,000) =  28,800

Fully worked                        (100%× 408,00) = 408,000

Closing inventory                (60% × 72,000) = <u> 43,200</u>

Total equivalent units                                     <u>480,000 </u>

<u />

Equivalent units

a) Weighted average =  523,200 units

b)  FIFO =  480,000 units

8 0
3 years ago
Other questions:
  • Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 4% charge on sales for using its c
    13·1 answer
  • Read the following stock quote. How much is this stock worth?
    5·2 answers
  • (Calculating annuity payments) The Aggarwal Corporation needs to save $10 million to retire a $10 million mortgage that matures
    11·1 answer
  • Look at your personal fact sheet. In which areas do you have the most room for improvement? What methods can you use to improve
    9·1 answer
  • A registered rep is in the process of being hired with a new firm. The registered rep isn't sure whether it is required that he
    5·1 answer
  • A manufacturer of hospital supplies has a uniform annual demand for 320,000 boxes of bandages. It costs ​$10 to store one box of
    15·1 answer
  • Gabby and Gus Malloy recently got preapproved on a loan for their first house purchase. They are speculating on how much they sh
    8·1 answer
  • WILL MARK BRAINLY!
    13·1 answer
  • The typical selection process has several well-structured steps. This process includes:
    9·1 answer
  • Fuschia company's contribution margin per unit is $12. total fixed costs are $84,000. what is fuschia's break-even point in unit
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!