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blagie [28]
3 years ago
6

A company with 110,000 authorized shares of $8 par common stock issued 49,000 shares at $13. Subsequently, the company declared

a 2% stock dividend on a date when the market price was $30 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
Business
1 answer:
Jet001 [13]3 years ago
8 0

Answer:

$29,400

Explanation:

The company will distribute dividends only to outstanding shares, since the number of outstanding shares is not specified, we should assume that all the 49,000 shares issued are outstanding shares. The company declared a 2% dividend, so we must multiply the current value of the stock times 2% = $30 x 2% = $0.60 per share.

The total amount distributed was 49,000 outstanding shares x $0.60 per share = $29,400

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On January 1, 20X1, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To
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Answer:

B. $1,760

Explanation:

Given that:

Liabilities = $400, shares = 40 shares, par value = $1 per share, undervalued building asset = $60, net building amount = $1260

amount of consolidated buildings (net) at date of acquisition = net amount for buildings + amount of undervalued building asset + $400 + ($1.00 x 40 shares)  

amount of consolidated buildings (net) at date of acquisition = $1260 + $60 + $400 + $40 = $1760

3 0
3 years ago
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m
STALIN [3.7K]

Answer:

Acton Corporation

The overhead for the year was:

$1,208 overapplied

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead $361,260

Estimated machine-hours 2,700

Predetermined overhead rate = $361,260/2,700 = $13.38

Actual manufacturing overhead $354,700

Actual machine-hours 2,660

Overhead applied = Actual machine hours * Predetermined overhead rate

= 2,660 * $13.38

= $355,908

Overapplied overhead = Overhead applied minus Actual overhead

= $355,908 - $354,700

= $1,208

6 0
3 years ago
Think about an item that you are interested in purchasing. Perhaps it is a new computer, an MP3 player, a new book, or a new bik
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Answer:

I have no idea tbh......

6 0
3 years ago
Discuss how classification systems have undergone several changes over a period of time.
sergiy2304 [10]

Classification systems have undergone several changes over a period of time to get proper categorization of the organism.

<h3>What is classification?</h3>

Classification can be told as the difference that can be between the plants and the animals which can be a based on various factors like the cell, discoveries, and the species.

Aristotle gave the first classification. He divided plants into three categories, RBC existence or disappearance was used to categorize animals. The recognized species cannot all be categorized using this technique.

Linnaeus created a two-kingdom categorization. Plant and  Animalia are their constituent parts.  But, there would have been numerous species that fell outside the realms.

Ernest Henkel divided on the basis of cells into a distinct dynasty, and so created a categorization of three kingdoms.

Copeland divided all prokaryotic creatures into a distinct kingdom called Monera, leading to the development of the Four-Kingdom. 

 R.H. Whittaker developed a five-kingdom method of categorization in 1969.

Learn more about classification systems, here:

brainly.com/question/1144530

#SPJ4

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2 years ago
Which of the following cannot be a type of reward for encouraging innovation in your organization Select one: O a. Putting a pos
allochka39001 [22]

Considering the available options, the option that cannot be a type of reward for encouraging innovation in your organization is "<u>None of the above."</u>

This is because the rewards for encouraging innovation can be both tangible and intangible.

<h3>Examples of rewards for encouraging innovation are:</h3>
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Hence, in this case, it is concluded that the correct answer is option D. "<u>None of the above."</u>

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7 0
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