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
kogti [31]
3 years ago
9

Ray Corp. declared a 5% stock dividend on its 10,000 issued and outstanding shares of $2 par value common stock, which had a fai

r value of $5 per share before the stock dividend was declared. This stock dividend was distributed 60 days after the declaration date. By what amount did Ray's current liabilities increase as a result of the stock dividend declaration?
Business
1 answer:
mars1129 [50]3 years ago
6 0

Answer: The answer is as follows:

Explanation:

We know that dividend is not a part of assets and liabilities. Stockholder's equity section includes the all types of dividend that would be divided among the share holders. Therefore, declaration of dividend is not a part of liabilities and hence, involved in the Stockholder's equity section.

∴ There will be no increase in the  Ray's current liabilities as a result of the stock dividend declaration.

You might be interested in
Suppose when you are offered $7.00 per hour to work in the campus library, you choose not to work, but when you are offered $10.
Leno4ka [110]
You develop your labor (human capital)

Due to scarcity, choices must be made. Every choice has a opportunity cost

Everyone's goal is to make choices that maximize their satisfaction. Everyone acts in their own "self-interest"

Everyone makes decisions by comparing the marginal costs and marginal benefits of every choice.

You found it to be scarce that you were offered $3.00 dollars more than the first offer.
3 0
3 years ago
If a price is ______ the buyer's reservation price and ______ the seller's reservation price, then the price is in the bargainin
zimovet [89]

Answer:

Here's ur answer

Explanation:

option ( a ) Above // Below

If it's useful mark me as brainlist

3 0
2 years ago
Read 2 more answers
¿Qué relación existe entre las exportaciones cafeteras y el crecimiento económico del país?
Gelneren [198K]

Answer:

Todo tipo de exportación, en general, forma parte del cúmulo de actividades por las cuales el gobierno obtiene un rédito económico a través del cobro de impuestos. Así, sea a través de la exportación del café como de otras materias primas o manufacturadas, el gobierno cobra un impuesto en concepto de retenciones a la exportación, que engrosa las arcas públicas.

A su vez, el gobierno redistribuye estos fondos, fomentando la producción económica, generando programas de asistencia social o financiando servicios públicos, entre otras. Todas estas actividades, en definitiva, contribuyen al progreso social, generando las condiciones necesarias para que los individuos puedan ser más productivos, generando así un mayor crecimiento económico para el país.

6 0
3 years ago
Uptown Church received a donation of marketable equity securities from a church member. In reviewing the financial press, it is
Daniel [21]
Market value at the balance sheet date.
3 0
3 years ago
The Tony Hawk Skate Park has a 5-year installment loan with monthly payments of $5,000 including interest. Currently, the first
tensa zangetsu [6.8K]

Answer: b. Reporting the current portion of a long-term note as long-term debt is a misrepresentation of the financial position of the company.

Explanation:

According to US GAAP, the current portion of a long term liability (the portion that is to be paid in the current period) should be recorded as a Current Liability.

The Current portion of a long term liability thus shows us the amount is the current Liability that a company is due to pay in the current operating cycle.

To therefore put that amount that the company is supposed to pay in the current cycle as a long term liability is a misrepresentation of the books aimed at primarily deceiving lenders as the text shows.

8 0
3 years ago
Read 2 more answers
Other questions:
  • ​refer to scenario 12.3. given ray-ban's plan for positioning the new sunglass line, they should use a ____ strategy when introd
    8·1 answer
  • What is the primary function of financial institutions in the economy?
    8·1 answer
  • Sneed Corporation reported balances in the following accounts for the current year: Beginning Ending Income tax payable $ 54 $ 3
    15·1 answer
  • A __________ is a written document that details the business idea, the target market and the business's competitive advantage, f
    15·1 answer
  • Which is a result of frequent change requests from client?
    8·1 answer
  • Global Communications has a 7 percent, semiannual coupon bond outstanding with a current market price of $1,023.46. The bond has
    14·1 answer
  • 1 2 3 4 5 6 7 8 9 10
    12·1 answer
  • PERSONAL FINANCE QUESTION PLS HELP
    7·1 answer
  • 5. Describe what causes a change in demand.
    13·1 answer
  • The financial market history shows that the single-index capm fails empirical tests because ____________..
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!