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
Katena32 [7]
3 years ago
8

Wallendo Corporation issued 5,000 shares of its $1 par value common stock as a stock dividend when the shares were selling for $

10 per share. At the time of the dividend, Wallendo had 100,000 shares of common stock $5,000. $100,000. $50,000. $105,000. outstanding. These shares were originally issued for $5 per share. The entry to record the stock dividend includes a debit to Retained Earnings for:
Business
1 answer:
ExtremeBDS [4]3 years ago
8 0

Answer:

The answer id given below

Explanation:

Retained Earnings   5,000*10           Dr.$25,000

Capital       5,000*1                             Cr.$5,000                                                  Paid in Capital            5000*(10-1)                  Cr.$45,000

The retained earnings will be debited with market price of shares given as dividend.

You might be interested in
What to put on a job application for education if still in high school?
almond37 [142]
You could put that you are still in high school and working towards your high school diploma. 
8 0
3 years ago
Good corporate citizens A. go beyond meeting society's expectations for ethical strategies and business behavior by fostering so
OlgaM077 [116]

Answer: A. go beyond meeting society's expectations for ethical strategies and business behavior by fostering social benefit and balancing the interests of all

Explanation:

Good Corporate Citizens care about the integrity of the Business world and the trust people should have in it.

To then it is imperative that they help foster social benefits as well as financial benefits for all to partake in and enjoy from.

3 0
3 years ago
When delivering a 60-second commercial in an interview, you should NOT: a. Keep the commercial concise b. Play a recorded versio
wlad13 [49]
I would say the answer would be B
7 0
3 years ago
Read 2 more answers
Advertising slogans such as don't text and drive and buy flood insurance before it is too late are examples of ads designed to
san4es73 [151]
Designed to be persuasive
6 0
3 years ago
A disadvantage of the fixed-period inventory system is that:
Andrei [34K]

Answer:

The correct answer is letter "B": since there is no count of inventory during the review period, a stockout is possible.

Explanation:

The fixed-period inventory system, also known as a periodic inventory system, only updates the organization’s inventory balance when an actual physical count of the inventory is necessary. Most companies only carry out a physical inventory count once every quarter or year, being this the reason why this system is called "fixed-period". However, this could lead to a company stockout at an unexpected period when the count was not carried out yet.

4 0
4 years ago
Other questions:
  • While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
    8·2 answers
  • An increase in input costs in the production of electric automobiles caused the price of electric automobiles to rise. Holding e
    11·2 answers
  • One problem in the interstate trucking industry is the number of trucks that return after making a delivery with an empty truck.
    7·1 answer
  • National Drilling Company ships its only pump to American Hydraulics Corporation, the manufacturer, for repair. National pays Ov
    6·1 answer
  • Which statement is not true about the minimum wage?
    7·1 answer
  • In 1 or 2 sentences, explain if a country would rather have a trade surplus or a trade deficit. Then, in 2 or 3 sentences, expla
    7·2 answers
  • Suppose the Digby company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing c
    10·1 answer
  • How do working conditions and company's image motivate employees?
    9·1 answer
  • In order to build alliance management capabilities in small companies, it is recommended that firms take the ______ approach
    14·2 answers
  • How are credit unions different than banks?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!