Answer:
1. Dr Stock dividends $60 million
Cr Common stock $60 million
2. $1
Explanation:
Preparation of the journal entry that summarizes the declaration and distribution of the stock split
Journal Entries for Siewert Inc
(In millions)
1. Based on the information given we were told that On June 13, the board of directors of the company declared a 2-for-1 stock split on its 60 million which means that the Journal entry will be recorded as :
Dr Stock dividends $60 million
Cr Common stock $60 million
(To record issue of stock dividend)
2. The Par value per share after split =$1 reason been that split are often in form of stock dividend.
Answer:
B. Any threat can induce a change in strategy in your opponent.
Explanation:
In a sequential negotiation games, the players move one by one and do not move at the same time.
In this game any threat can change the strategy in your opponent to prevent the threat and continue the game with new strategy.
Hence, the correct option is B.
Answer:
The correct answer is letter "A": firms who supply the product and consumers who buy it, but government policies such as taxes also play an important role in the operation of markets.
Explanation:
Primary markets are formed by buyers and sellers of a given product and the regulations the government imposes to promote fair competition. The term is mostly used in the stock market to define the place where firms sell securities directly to investors. These securities have been recently issued and are offered through Initial Public Offerings (IPOs).
Answer:
The distribution of the preferred stock, Joan’s bases for her Orban stocks are 225 common stock and 75 preferred stock
Explanation:
In this question, we use the proportionate method which is shown below.
As we know,
The total stock value is $300, and the fair value of the common stock & preferred stock is $450 and $150 respectively.
So, the basis of the common stock would be
= Total stock value × (fair value of the common stock ÷ total fair value of the stock)
= $300 × ($450 ÷ $600)
= 225
And, the basis of the preferred stock would be
= Total stock value × (fair value of the preferred stock ÷ total fair value of the stock)
= $300 × ($150 ÷ $600)
= 75
The total stock equal to
= Fair value of the common stock + fair value of the preferred stock
= $450 + $150
= $600
Answer and Explanation:
The items that should be reported on the cash flow statement is shown below;
On March 12 Purchase of fixed assets - investing activity - deducted - $104,300
On Oct 4 Sale of fixed assets - investing activity - added - $63,840
Gain on sale of fixed assets - operating activities - deducted - $31,710 ($95,550 - $63,840)