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svet-max [94.6K]
3 years ago
13

On June 30, Sharper Corporation’s stockholders' equity section of its balance sheet appears as follows before any stock dividend

or split. Sharper declares and immediately distributes a 50% stock dividend.
Common stock—$10 par value, 120,000 shares authorized, 90,000 shares issued and outstanding $ 900,000
Paid-in capital in excess of par value, common stock 400,000
Retained earnings 760,000
Total stockholders’ equity $ 2,060,000
(1) Prepare the updated stockholders' equity section after the distribution is made.
(2) Compute the number of shares outstanding after the distribution is made.
Business
1 answer:
Stolb23 [73]3 years ago
5 0

Answer:

Sharper Corporation's Stockholders' Equity Section of Balance Sheet:

Common Stock:

Authorized Capital 120,000, $10 par value $0

Issued capital 90,000 at $10 par = $900,000

APIC = $400,000

Retained Earnings = $310,000

Total Stockholders' Equity = $1,610,000

2 Number of shares outstanding after the dividend distribution is 90,000 shares.

Explanation:

1. The dividend per share was calculated as follows:

50% of $10 = $5 per share

Total dividends = $5 x 90,000 = $450,000.

2. The Retained Earnings changed from $760,000 to $310,000 ($760,000 - $450,000).  Dividends are paid out of retained earnings.

3. The number of shares outstanding after the distribution of dividends did not change.  It could change if there were a stock split or some shares were repurchased under Treasury Stock.

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Answer:

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melomori [17]

The option that makes the most sense for the party by Mr and Mrs Atoll is one case of 24 sodas at $18.50.

<h3>Why this option is the cheapest</h3>

The reason for this is that given the guests they are entertaining, this option is the most cheapest and effective.

How to calculate for the way that the drink would go round

a. Each bottle is $1.5. Two bottles for 1 = 1.5x2 = 3 dollars

b. six packs at 5$. One= $0.88

c. A case of 24 sodas at $18.5. one soda is going to be  18.5/24 = $0.77

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Read more on the economy here: brainly.com/question/1106682

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2 years ago
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Ber [7]

Answer:

50%

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Diano4ka-milaya [45]

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Since the majority of Americans don't have enough resources to pay for unforeseen medical costs, hospital indemnity coverage can be very useful.1 The plan provides cash directly to workers even if they don't have any out-of-pocket costs. The funds can be used for anything, including: medical copays, deductibles, and ongoing costs like rent, food, and utilities.

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Answer:

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Explanation:

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