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
kirza4 [7]
3 years ago
11

The common stock of Alexander Hamilton Inc. is currently selling at $120 per share. The directors wish to reduce the share price

and increase share volume prior to a new issue. The per share par value is $10; book value is $70 per share. 9 million shares are issued and outstanding. Instructions Prepare the necessary journal entries assuming the following. The board votes a 2-for-l stock split. The board votes a 100% stock dividend. Briefly discuss the accounting and securities market differences between these two methods of increasing the number of shares outstanding.

Business
1 answer:
Pachacha [2.7K]3 years ago
5 0

Answer:

No Entry is required for a stock split

Retained Earnings 90,000,000

Common Stock Dividend Distributable 90,000,000

(to record the declaration)

Common Stock Dividend Distributable 90,000,000

Common Stock 90,000,000

(to record the distribution)

Explanation:

see the attached file

You might be interested in
Ben really enjoys outdoor activities. When he isn't working, he's biking, hiking, sailing, or training to run marathons. Which o
Amanda [17]

Answer:

a) high-paying

Explanation:

  • As ben is an outdoor person and likes to have most of the time sent out, has the hiking and sailing or training and running marathons he could be least be focused on the jobs that are high or good-paying.
  • As ben enjoys his life and lives for the moment and thus thinks of location, flexible work schedules and other benefits. But does not rely on the high paying careers.
4 0
3 years ago
What are THREE purposes of monetary policy? A to eliminate competition B. to promote price stability c. to eliminate unemploymen
Oksanka [162]

Answer:

c. to eliminate unemployment,B. to promote price stability and F. to control federal spending

Explanation:

8 0
3 years ago
Scout Company sold $15.000 of merchandise in September with a three-month warranty. The cost to repair defects under warranty is
chubhunter [2.5K]

Answer: debit to Product Warranty Expense for $750

Explanation: 5% of $15000 =

5 ÷ 100 × $15000 is $750.

This is an expense and so will be a debit.

8 0
3 years ago
The decision-making process followed by consumers to maximize utility assumes thatA. consumers do not know how much marginal uti
Dmitry [639]

Answer:

The correct answer is option C.

Explanation:

The decision-making process followed by consumers assumes that consumers are rational beings who are trying to maximize their satisfaction using their limited income.  

So these consumers will consume the good or combination of goods that maximize their total utility derived from the consumption of these goods.

The consumers have limited income, they are aware of the marginal utility they derive from the consumption of an additional unit and they are also able to rank their preferences.

3 0
3 years ago
Earned value is: Group of answer choices The real budgeted value of the work that has actually been performed to date. The total
murzikaleks [220]

Answer:

The real budgeted value of the work that has actually been performed to date.

Explanation:

Earned value refers to the three primary project success metrics: cost, schedule, and performance. It measures the actual work performed against its budget and schedule. Did the actual work performed corresponds to its work budget and was it performed on time following the schedule? Earned value represents how much of the project's budget has been performed to date, both in monetary and productive terms.

4 0
3 years ago
Other questions:
  • One-year interest rates are currently 2.50% in the United States and 3.70% in Great Britain. The current spot rate between the p
    8·1 answer
  • The primary drawback of the edison talking machine for sound recording was:
    7·1 answer
  • A job advertisement reads as follows: "Wanted, bright young men to sell athletic club memberships. Interested applicants should
    6·1 answer
  • Compare and contrast John Keats’s “To Autumn” and Susan Hartley Swett’s “July.” In your response, make sure you include the answ
    12·1 answer
  • In a sponsorship proposal, where is it appropriate for organizations to discuss their accomplishments?
    10·1 answer
  • When a multinational firm decides to sell its products abroad, one of the risks the firm faces is that the government of the for
    13·1 answer
  • Which of the following arguments are inductive, and which are deductive? Just answer "inductive" or "deductive".
    5·1 answer
  • A landfill site produces an obnoxious odor. Homes downwind of the site rent for $1000 per month while homes upwind of the site r
    5·1 answer
  • Out of all colors which two go together​
    12·1 answer
  • An investment of $1 each in two different securities led to a value of $11 (Security A) and $16 (Security B), respectively, afte
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!