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
Alenkinab [10]
3 years ago
13

Lucid Company declared a property dividend of 37,000 shares of its investment in $1 par Polk Company common stock. The Polk stoc

k was purchased for $2 per share. The fair value of Polk’s stock was $9 per share on the declaration date of the property dividend and $10 per share on the distribution date. What is the amount of the dividend?
Business
1 answer:
SCORPION-xisa [38]3 years ago
5 0

Answer:

Multiple choices are as follows:

a) $333,000.

b) $407,000.

c) $74,000.

The correct option is A,$333,000

Explanation:

The stock dividend is to be valued at the market price at the date of declaration.

The declaration date is the date the company made known its intention to reward the stockholders with free stocks instead of a cash dividend,using the market price of stock at declaration date,the stock dividend is valued thus:

Stock dividend=number of stock dividend*market price

number of stock dividend is 37000 shares

market price is $9(market price at declaration date)

stock dividend=37,000*$9=$333,000

You might be interested in
Using PPS sampling, determine the sample size that you want to use for sending accounts receivable confirmations. Draw on the in
8_murik_8 [283]

Answer:

The below solution will guide your believe of what should be appropriate qualitative assumptions for inherent risk.

Explanation:

4 0
3 years ago
How can cybercriminals harm a person whose personal information they have stolen?
Leokris [45]
When a person obtains someone else's personal information, these are some thing that could potentially happen that would harm the person whose identity has been stolen: Open new lines of credit (can harm your credit and incur debt). Seek medical attention (could be harmful by getting incorrect medical information on your record, or incurring debt). Drain savings and retirement accounts Provide an alias when arrested (harmful if the cops look for you when the other person runs, or if the other person uses your information to pay bail. Get a job and file false tax returns (could be harmful when the IRS sees the records and <span>thinks that you are not paying taxes on all of your income).</span>
3 0
3 years ago
A company has a market capitalization of $20,000,000. It has 30% of its market cap sold under preferred stock and 70%
Kruka [31]

Answer: $6,000,000

Explanation:

Hi, to answer this question we simply have to multiply the total market capital of the company (20,000,000) by the percentage under preferred stock (30%) in decimal form.

Mathematically speaking:

20,000,000 x (30/100) = $6,000,000

Feel free to ask for more if needed or if you did not understand something.  

6 0
3 years ago
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo
mestny [16]
I'm not sure to be honest
3 0
2 years ago
Why might an endorser want to limit the term of an endorsement contract with a company?
oee [108]

Answer:

for better opportunities

Explanation:

Endorsers are usually in exclusive contract with companies that forbids them to work with other competitors. Celebrities have their high or low times, when they are at their peak popularity, they would want to be associated with the best and top of the line brands and vice versa. They prefer to switch according to the situation that's why they try to limit the term of contract.

8 0
3 years ago
Other questions:
  • When members for the industrial workers of the world demnaded change for conditions in the copper mines of ________ the phelps d
    7·1 answer
  • Many foragers like to get the "best bang for their buck", by focusing on resources (such as plant foods) that are easier to acqu
    8·1 answer
  • Who is president <br> Of the United States of America
    5·2 answers
  • Foreign education loans interest subsidies by government for low income families in andhra pradesh.
    8·1 answer
  • Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise
    14·1 answer
  • 7. You are going to open a business making custom cabinets. You can sell each cabinet for $80. It takes a cabinetmaker approxima
    14·1 answer
  • Pet Supplies Inc., a pet wholesale supplier, was organized on January 1. Projected sales for each of the first three months of o
    5·1 answer
  • Ruth is taking ASVAB exam. Match each question with the correct section.
    15·2 answers
  • Describe the ways in that general and functional managers are different from end users. what purpose do these managers have in r
    15·1 answer
  • Is eskom's managers actively involved in the decisions of the business​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!