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
Marizza181 [45]
3 years ago
5

On October 15, 2021, a 5% stock dividend was declared and distributed. The fair value of the common stock on this date was $31.4

per share. Fractional share rights represented 100,000 shares. Cash was paid in lieu of issuing fractional share rights. On the date of declaration and payment, the company had 11.6 million shares of common stock outstanding. The par of the common shares was $5 per share.
Business
1 answer:
Ira Lisetskai [31]3 years ago
7 0

Answer:

Prepare journal entries for each transaction wherever necessary.

Explanation:

October 15,2021

Retained Earnings 11.6*5*5%  Dr.$2,900,000

Cash                                          Cr.$2,900,000

Treasury Stock 100,000*31.4  Dr.$3,140,000

Cash                                          Cr.$3,140,000

You might be interested in
Susan leads a product innovation team. Her team meetings usually involve heated arguments, and many of the team members are know
sesenic [268]

Answer:

D. cognitive conflict

Explanation:

Cognitive conflict is a kind of conflict that arises due to someone who tends to provide information different from the one believed by the individual. Basically when one tries to alter the perception an individual has towards any kind of topic and that the belief is tried to be changed by providing extra information, then the individual might get into "cognitive conflict".

As the conflict does not result in any kind of permanent differences but rather just for that particular topic the individual feels to be in different opinion.

7 0
3 years ago
The economic system that is used in america in which most of the businesses are owned by the people instead of the government is
tensa zangetsu [6.8K]
The economic system that is used in the United States of America in which most of the businesses are owned by the people instead of the government is a mixed economy.

The keyword in this statement is "most" because not all businesses in the United States are owned by the people, some are government owned; the mixture of this ownership in an economy is what defines that economy as a "mixed economy."
7 0
3 years ago
Choose and describe a business that you would expect to have highly liquid assets and share a photo of that business (or company
Slav-nsk [51]

Answer:

I have chosen Apple Inc.

Explanation:

Apple Inc is a tech giant and manufactures innovative and most differentiated telecommunication products, music products, computer products, application services, etc which is highly valued among its customers. That's the reason why Apple is one of the most highly valued company in the world with almost $137 billion cash balance. This cash balance has been increased by $20 billion in the last three years which shows its higher profitability and that its inventory is highly liquid asset because it is quickly converted into cash. Furthermore, the greater demand of product and customer loyalty has strengthen its position all because of unmatched innovation introduced in each of its product every year. The greater cash balance shows that the company has greater sales and has higher profit margin on its unmatched product.

The picture of Apple headquarter and of its logo are given below:

6 0
3 years ago
How do political factors affect businesses
allsm [11]

Answer:

Change in the political factors can affect business strategy because of the following reasons: The stability of a political system can affect the appeal of a particular local market. Governments view business organizations as a critical vehicle for social reform. ... Government actions influence the economic environment.

Explanation:

4 0
2 years ago
The use of symbols such as charts, graphs, and signs are best classified as * 1 point oral communication written communication v
Verdich [7]

Answer:

visual communication

Explanation:

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

Generally, there are four (4) main types of communication and these includes;

I. Verbal (oral) communication.

II. Non-verbal communication.

III. Written communication.

IV. Visual communication.

Visual communication can be defined as the use of visual elements and symbols such as charts, graphs, and signs to convey ideas and information that effectively creates meaning to the recipient.

In conclusion, visual communication is strictly based on vision or sight.

6 0
2 years ago
Other questions:
  • A manufacturing company has the following budgeted overhead costs: Indirect materials: $0.50 per unit; Utilities: $0.25 per unit
    13·1 answer
  • Suppose over the last year that the price of recycled aluminum increased from $800 a ton to $900 a ton. over the same time a mea
    14·1 answer
  • Akram owns a small farm. He employs 80 workers in the field and has recently hired a manager to help him manage the farm. The in
    13·1 answer
  • Alex has been charged with manslaughter and the charge is being reviewed by grand jurors. The grand jurors have determined that
    10·1 answer
  • Are outstanding credit card balances counted as part of the money supply?
    7·1 answer
  • Johna's Plant Nursery Company pays the salaries of its two employees. How will this transaction affect the accounting equation?
    8·1 answer
  • *
    12·1 answer
  • The free-rider problem; A. Arise from the ability to exclude an individual from the benefits of someone else's purchase B. Is a
    11·1 answer
  • Kasravi co. Had net income for 2013 of shs 400,000.The average number of shares outstanding for the period was 200,000 shares
    11·1 answer
  • After obtaining the dried weight of your product, you ran two irs. One of them is of the product. Briefly explain which was the
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!