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mote1985 [20]
3 years ago
8

Bain corp. owned 20,000 common shares of tell corp., purchased in year 1 for $180,000. on december 15, year 5, bain declared a p

roperty dividend of all its tell corp. shares on the basis of one share of tell for every 10 shares of bain common stock held by its shareholders. the property dividend was distributed on january 15, year 6. on the declaration date, the aggregate market price of the tell shares held by bain was $300,000. the entry to record the declaration of the dividend should include a debit to retained earnings (or property dividends declared) of
Business
1 answer:
amid [387]3 years ago
8 0

Answer:

$300,000

Explanation:

Although the property dividend was distributed on January 15, year 6. the <u>amount that will be used is the value of the shares as at the declaration date and not the distribution date </u>

Hence, since the aggregate market price of the tell shares held by bain was $300,000. on the declaration date, the entry to record the declaration of the dividend should include a debit to retained earnings (or property dividends declared) of $300,000

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If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for th
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Answer:

Net loss -$1,390

Explanation:

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Net loss -$1,390

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3 years ago
Which nutrients are the most difficult to consume in sufficient amounts by healthy pregnant women who eat well-balanced diets?
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Iron nutrients are the most difficult to consume in sufficient amounts by healthy pregnant women who eat well-balanced diets.

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2 years ago
The norton group, a manufacturer of toiletries and cleaning products, uses the name sparklex, for most its products in all of th
yarga [219]
The Norton group's SparkleX can be regarded as a global brand. What are global brands? Global brands are products or services of a certain company that people all over the world readily recognize. Consumers expect a global brand product to be of a higher standard than those manufactured locally.
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3 years ago
The safest action to take if someone claiming to be from your bank calls you to ask for account information is to?
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3 0
3 years ago
Read 2 more answers
A real estate office handles a 80-unit apartment complex. When the rent is $550 per month, all units are occupied. For each $25
lukranit [14]

Answer:

The real estate should charge $1,300 to obtain maximum profit.

Explanation:

We can make K to represent the number of unit apartment occupied.

This means that the total rent the real estate office is getting can be denoted by;

{(550 + 25(80 - K)} K - 50K

Maximizing the above equation, we have;

y = 550K + 2,000K - 25K^2 - 50K

Collect like terms

= 2,500K - 25K^2

y' = (2,500K - 25K^2)' = 2,500 - 50K

y = 0

2,500 - 50K = 0

2,500 = 50K

K= 50

Rent is therefore;

Rent = 550 + (80 - K)25, where K is 50

= 550 + (80 - 50)25

= 550 + (30)25

= 550 + 750

= $1,300

6 0
4 years ago
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