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VLD [36.1K]
3 years ago
8

Aaron Company plans to issue a large stock dividend. In accounting for this transaction, what effects occur to the contributed c

apital section of stockholders' equity?
A. Common stock increases by the number of dividend shares x par value per share, and retained earnings decreases for the same amount

B. Retained earnings increases by the number of dividend shares x par value per share, and additional paid-in capital increases for the balance

C. Common stock increases by the number of dividend shares x par value per share, and retained earnings increases for the balance

D. Common stock increases by the total market value of the dividend
Business
1 answer:
belka [17]3 years ago
7 0

Answer:

Answer: A  Common stock increased by: Dividend shares × Par value per share. Retained earnings is decreased by the same amount.

Explanation

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5 0
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Which of the following is not an example of a liability?
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D , because liability means to be responsible for something, especially by law.
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Which of the following statements about the graph are true? Select all that apply.
MrMuchimi

Answer:

Explanation:

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Do you believe that managers should be given more autonomy to make personnel decisions such as hiring, appraising, and compensat
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Answer:

The correct answer is: managers should be given less autonomy to make personnel decisions such as hiring, appraising, and compensating subordinates.

Explanation:

The function of management consists of a series of resources that must be observed in order to achieve organizational goals, therefore it is allowed to delegate important functions such as personnel management to a person who in turn must be accountable; For this reason, management must engage in extremely important functions such as obtaining clients, establishing sales strategies, positioning, etc., while the people in charge of each department perform their functions according to the internal regulations of the organization and the other guidelines established in order to ensure that such resources are aligned and allow the achievement of organizational goals.

5 0
3 years ago
On January 1, Miami Gold Exchange paid cash of $64,800 for computers that are expected to remain useful for six years. At the en
Dmitry_Shevchenko [17]

Answer: See explanation

Explanation:

The amount of depreciation for the month of January using the straight line depreciation method will be:

= (Cost - Salvage Value) / Life of Assets / 12 Months

= ($64,800 - $0) / 6 Years / 12 Months

= $10800/12

= $900 per month

The adjusting entry for depreciation on January 31 will be:

Dr Depreciation Expense - Computer Equipment $900

Cr Accumulated Depreciation-Computer Equipment $900

(To record the depreciation expense)

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