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
Fudgin [204]
4 years ago
14

Doug Graves Cemetery had 53,000 shares of common stock issued and outstanding at January 1, 2021. During 2021, Graves took the f

ollowing actions: June 1 Declared a 2-for-1 stock split, when the fair value of the stock was $28 per share. October 15 Declared a $0.40 per share cash dividend. In Graves's statement of shareholders' equity for 2021, what amount should Graves report as dividends
Business
2 answers:
True [87]4 years ago
7 0

Answer:

The answer is given below;

Explanation:

Revised Stocks =53,000*2=106,000

Dividend per share=106,000*.4=$42,400

The $42,400 will be reported as dividend  as the number of shares outstanding have doubled due to stock split.

dalvyx [7]4 years ago
7 0

Answer:

$42,400

Explanation:

2-for-1 stock split implies that each shareholder now have one more share for each one they already have. Therefore we have:

Number of shares after the 2-for-1 stock split = 53,000 * 2 = 106,000 shares

Amount of dividend to report = 106,000 * $0.40 = $42,400.

Therefore, Graves should report $42,400 as dividends in its statement of shareholders' equity for 2021.

You might be interested in
Name four reasons for the success of the mongols as conquerors
vagabundo [1.1K]
Here are some of the reasons why the Mongols were so successful as conquerors:
1 they had Genghis Khan - he was a military genius who managed to train his army well and lead them into many battles
2 they were numerous - there were over 10,000 people in the Mongolian army
3 their military strategists were quite crafty - they relied on setting traps and tricking their enemies
4 they used cruelty and fear - everyone was afraid of the Mongols and what they would do to them if they caught them
7 0
4 years ago
The system that provides common industry definitions for Canada, Mexico, and the United States, which makes it easier to measure
julia-pushkina [17]

Answer:

North American Industry Classification System (NAICS)

Explanation:

North American Industry Classification System (NAICS): It is a system or standard code been used in classifying business by the type of economic activity. These data been used by government and business of United sates, Mexico and Canada. This system make the measurement of industrial, reseller, and government markets easier. NAICS provides common industry definitions for Canada, Mexico, and the United States, which makes it easier to measure economic activity in the three member countries of the North American Free Trade Agreement (NAFTA). NAIC has replaced standard industrial classification (SIC) system, which was in place for 50 years.

6 0
3 years ago
Angel Corporation reported pretax book income of $1,018,000. During the current year, the net reserve for warranties increased b
ira [324]

Answer:

$346,120

Explanation:

Calculation for what Angel's hypothetical tax expense in its reconciliation of its income tax expense is

Using this formula

Tax expense =Pretax book income*Tax rate

Let plug in the formula

Tax expense =$1,018,000*34%

Tax expense =$346,120

Therefore Angel's hypothetical tax expense in its reconciliation of its income tax expense is $346,120

6 0
3 years ago
A bank is thinking about building a new branch. They think this new branch will generate 20 percent of the business of the bank
ivanzaharov [21]

Answer: 12.6%

Explanation:

The bank's expected standard deviation after adding this branch will be calculated thus:

= (Total invested in new branch × Expected rate of return) + (1 - Investment in new branch) × Other assets

= (0.2 × 0.15) + (1 - 0.2) × 0.12

= 0.03 + 0.8 × 0.12

= 0.03 + 0.096

= 0.126

= 12.6%

Therefore, the bank's expected standard deviation after adding this branch is 12.6%.

3 0
3 years ago
What are the best characteristic of a good circular flow of income?
Alex_Xolod [135]

Answer:

MONEY

Explanation:

5 0
3 years ago
Other questions:
  • Suppose you want to perform a test to compare the mean GPA of all freshmen with the mean GPA of all sophomores in a college? Wha
    13·1 answer
  • If an economy experiences a decrease in aggregate demand due to a decline in consumer confidence and output falls below potentia
    10·1 answer
  • Which of the following would increase the amount that a person could afford to spend on a home?
    12·2 answers
  • "Division A, which is operating at capacity, produces a component that currently sells in a competitive market for $25 per unit.
    6·1 answer
  • Property taxes typically pay for
    6·1 answer
  • An advanced organizer is what
    9·2 answers
  • Although you are feeling full after a large dinner, you are considering having a bowl of ice cream. You will choose to eat the i
    15·1 answer
  • Khalid want to start a business, but he is short of funds. Financial market is ready to lend the funds to Khalid, because
    5·1 answer
  • True or False: To do business in less developed nations, firms often adjust products or prices to make their offerings more affo
    14·2 answers
  • question 6 as a project manager, you identified a process-based problem you’d like to improve. before implementing a solution, y
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!