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taurus [48]
2 years ago
10

Plack Co. purchased 10,000 shares (2o/o ownership) of Ty Corp. on February 14, Year 1. Plack received astock dividend of 2,000 s

hares on April 30, Year 1, when the market value per share was $35. Ty paid a cash dividend of $2 per share on December 15, Year 1. In its Year 1 income statement, what amount should Plack report as dividend income?a. $20,000b. $24,000c. $90,000d. $94,000
Business
1 answer:
timofeeve [1]2 years ago
5 0

Answer:

d. $94,000

Explanation:

April 30th:

2,000 shares x $35 per share = 70,000 sotck dividends

December 15th:

12,000 shares x $ 2 per share =   24,000 cash dividends

                                   total            94,000

The dividend income will be for 94,000 the sum of both proceeds fom Ty Corp

Plack will declare income for both, the stock received and the cash dividends.

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Marketing communicators must be good at ________ messages that take into account how the target audience ________ them.
earnstyle [38]
It seems that you have missed the necessary options for us to answer this question, but anyway, here are the answers to complete it. Marketing communicators must be good at ENCODING messages that take into account how the target audience DECODES <span>them. Hope this answers your question.</span>
5 0
2 years ago
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Sharon has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an acc
AVprozaik [17]

Answer:

trade can make everyone better off.

Explanation:

The aim of trade is to make all parties involved better off than they were before the trade occured. For example in international trade a country sells items they have reduced cost producing, while they buy items that will be expensive for them to produce.

In this instance the web startup is offering to give the accounting firm a service they have (web hosting) for tax return service.

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3 years ago
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Employers are required to post notices to all employees advising them of their rights under the laws EEOC enforces and their rig
-Dominant- [34]

Answer:

True

Explanation:

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Therefore, it requires and mandates the responsibility for all employers towards their employees, towards communicating their rights.

Thus, statement is True.

4 0
3 years ago
A company might hire an accountant if it wants help with which of the following duties?
Ira Lisetskai [31]
The correct answer is A.
Keeping financial records. The purpose of managerial accounting is different with the purpose of financial accounting whereby managerial accounting assists in decisions of the internal management for the firm. In accounting, we have an equation which states that liabilities plus owners equity is equal to the asset.
4 0
2 years ago
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On 1/1/X1, Dolan Corp. pays $100,000 to retire its bonds early. At the time of the retirement, the bonds have a face value of $1
galben [10]

Answer:

2,000 loss on redemption

Explanation:

the company will recognzie considering the current value of the bonds, thus the carrying value:

as the face value is lower than carrying value there is a discoutn for the difference: 104,000 - 98,000 = 6,000

When we compare the cash outlay with the carrying value we sovle for the redemption result:

98,000 bonds are paid at 100,000 therefore 2,000 loss

bonds payable         104,000 debit

loss on redemption     2,000 debit

         discount on BP              6,000 credit

          cash                           100,000 credit

6 0
3 years ago
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