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
Anastasy [175]
3 years ago
9

A corporation is authorized to sell 1,000,000 shares of common stock. Today there are 500,000 shares outstanding, and the board

of directors declares a 7% stock dividend. How many shares will be issued as a stock dividend?
Business
1 answer:
Juliette [100K]3 years ago
4 0

Answer:

35,000 stocks

Explanation:

Dividends can be either distributed in cash or distributed as new stock. In this case the company decided to issue stock instead of cash payments. Since the company has 500,000 outstanding and the board declared a 7% dividend, then 35,000 stocks should be issued (= 500,000 x 7%).

Whether shareholders receive money or stocks, they still have to include the dividends as part of their gross income.

You might be interested in
Which highest and best use criterion would require an appraiser to consider the frontage of the site?
Bond [772]

physically possible is the highest and best use criterion that would require an appraiser to consider the frontage of the site.

Criterion is usually a plural noun that refers to a criterion by which a judgment can be made. Its singular form is the norm, but evidence shows that the norm is often used in both singular and plural forms, as are data and agenda, and their lesser-used singular forms datum and agenda. I'm here.

For example, SAT score is the predictor and his GPA in college is the criterion. Regression analysis confirms that there appears to be a strong correlation between SAT scores and his GPA in college. However, a high SAT score does not necessarily mean a high GPA in college.

Learn more about criterion here: brainly.com/question/17192140

#SPJ4

8 0
1 year ago
Paul's Landscaping purchased $500 of office supplies on credit. The company's policy is to initially record prepaid and unearned
sattari [20]

Answer:

(C) Debit Office supplies, $500; credit Accounts payable, $500

Explanation:

Businesses maintain the office supplies inventory of supplies and record the supplies purchased into this account and expense it afterward with the usage of inventory. In this question offices supplies purchased will be debited to office supplies account. As it is purchased on account so it will be credited to account payable account to make a liability against the transaction.

6 0
3 years ago
Suppose society consists of four individuals: Andy, Bill, Carl, and David. Andy has $20,000 of income, Bill has $40,000 of incom
aliya0001 [1]

Answer:

Taking $1 from Carl and giving it to Andy would increase society's total utility.

Explanation:

Since Andy's income is less than other three people when a $1 taken from Carl would increase Andy's utility more than the loss in utility of Carl. Thats why total utility would increase.

4 0
3 years ago
Gonzales Corporation generated free cash flow of $86 million this year. For the next two years, the company's free cash flow is
Viktor [21]

Answer:

$12.49

Explanation:

The computation of the expected current price is shown below:

But before that first we have to determine the current firm value which is

Current firm value = ($86 million ×1.10^1) ÷ 1.11^1 + ($86 million × 1.10^2) ÷ 1.11^2 + {($86 million × 1.10^2 × 1.04) ÷ (0.11 - 0.04)} ÷ 1.11^2

= $1,424.48 million

Now

Expected current share price is

= ($1,424.48 - $275 million + $100 million) ÷ 100 million shares outstanding

= $12.49

7 0
3 years ago
Salon Company originally issued 4,000 shares of $10 par value common stock for $120,000 ($30 per share). Salon subsequently purc
katen-ka-za [31]

Answer:

(D)  Credit to Paid-In Capital from Treasury Stock for $800.

Explanation:

Please see attachment

6 0
3 years ago
Other questions:
  • What satellite television channel focuses on the interests of rural america
    11·1 answer
  • Professor hoffson maintains a very strict attendance policy in her introduction to business course at wayne college. for each un
    6·1 answer
  • Stressors and negative emotions are both
    15·1 answer
  • Disadvantages of opening a new store location
    12·1 answer
  • If the marginal cost of production is greater than the average cost, in what direction must the average cost be changing, if any
    14·1 answer
  • Total consumer spending on milk will a. increase, and total consumer spending on beef will decrease. b. increase, and total cons
    8·1 answer
  • Many Americans are selling their used cars and buying new​ fuel-efficient hybrids. Other things remaining the​ same, in the mark
    5·1 answer
  • An increase in the number of which of the following will lead to an increase in the unemployment rate? Discouraged workers A Bus
    8·1 answer
  • A husband and wife are self-employed and have 3 children, ages 4, 7, and 9. They have a combined income of $300,000. They wish t
    10·1 answer
  • Why are major league baseball players on average paid substantially more than college​ professors? Explain. Major league basebal
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!