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
uranmaximum [27]
3 years ago
11

DuBois, Inc. announces a large stock dividend of 65% of the 4.96 million outstanding shares of common stock. The current price p

er share is $13.85. Par value of the stock is $0.01 per share. What effect does this dividend have on retained earnings?
A. $49,600 decrease
B. $32,240 decrease
C. $44,652,000 decrease
D. $11,591,288 decrease
E. None of the above
Business
1 answer:
Karolina [17]3 years ago
6 0

Answer:

Option (B) is correct.

Explanation:

Dividend per share:

= (65% of Par value of the stock)

= (65% × 0.01)

= $0.0065

Hence, the total dividend:

= (Dividend per share × outstanding shares of common stock)

= (0.0065 × 4.96 million)

= $32,240

Hence, the dividend would cause a decrease in retained earnings.

Therefore, the correct option is B.

You might be interested in
As the manager of an organization that is attempting to build a marketing information system (mis), you have been informed that
lapo4ka [179]
Internal company records. That's the answer if you need me to explain it just tell me, hope it was helpful. Peace✌️
8 0
3 years ago
According to the cost-push theory , what is responsible for inflation?
Tasya [4]
When resources are low, businesses know that they can increase their prices because people need them desperately.
6 0
3 years ago
Read 2 more answers
Why is the location of a business important to the success of that business?
Anna007 [38]

Choosing a location for a new business is one of the most important decisions entrepreneurs make during the planning phase of launching ventures. The location of a business can affect many aspects of how it operates, such as total sales and how costly it is to run.


5 0
3 years ago
Approximately what percent of regular army soldiers (excluding army reserves and national guard) currently serve in infantry uni
anyanavicka [17]
Base on the study of finding, the rate of the percent of regular army soldiers currently serving in the infantry units is about twenty percent. The results has showed that their are approximately twenty percent of regular army soldiers who are serving in the infantry units.
4 0
3 years ago
Samir, the new CEO of Cloud Marketing, has been with the firm for over 25 years. He was picked by the board to turn the 85-year-
IRISSAK [1]

Answer:

A. embedding organizational culture

Explanation:

4 0
3 years ago
Other questions:
  • Suppose that during the most recent fiscal year, the an- nual revenue of Acme Computer was 138 billion dollars and its net profi
    7·1 answer
  • The manager of your company's pension fund is compensated based entirely on fund performance; he earned over $1.2 million last y
    7·1 answer
  • 1. Assuming that crowding out is not an issue, if Congress increases business taxes at the same time that the Federal Reserve co
    7·1 answer
  • Assume that the following balance sheet portrays the state of the banking system. the banks currently have no excess reserves.
    7·1 answer
  • The following appeared in the October 15, 2021, issue of the Financial Smarts Journal:
    8·1 answer
  • The following selected accounts from the Pina Colada Corp.’s general ledger are presented below for the year ended December 31
    8·1 answer
  • Find the interest earned on invested for years at ​% interest compounded as follows. a. Annually b. Semiannually​ (twice a​ year
    7·1 answer
  • g The Investment Trust Fund for Watson County had the following transactions and events during the calendar year 2022: 1. The ci
    9·1 answer
  • When Treasury bills are auctioned off, if buyers are willing to pay $900 for a $1,000 treasury bill, the government is being ask
    12·1 answer
  • What factors have caused the current interest in, and attention to, strategic purchasing and supply planning?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!