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ValentinkaMS [17]
3 years ago
12

Younger Company has outstanding both common stock and nonparticipating, non-cumulative preferred stock. The liquidation value of

the preferred is equal to its par value. The book value per share of the common stock is unaffected by
a. the payment of a previously declared cash dividend on the common stock.
b. the declaration of a stock dividend on common stock, payable in common stock when the market price of the common stock is equal to its par value.
c. a 2-for-1 split of the common stock.
d. the declaration of a stock dividend on preferred stock, payable in preferred stock when the market price of the preferred stock is equal to its par value.
Business
1 answer:
Zigmanuir [339]3 years ago
3 0

Answer:

Option B                                                

Explanation:

In simple words, A stock dividend refers to the payout to owners that is rendered not in cash but in securities. Such kind of  dividend payment has the benefit of satisfying stakeholders without decreasing the cash flow for the business. Usually, these dividends are decided to make as fragments paid out per existing securities in hand.

Whenever dividend is paid in stock is paid, the overall asset interest stays the very same on both the viewpoint of the lender and the viewpoint of the business. Both dividend payments therefore include a newspaper submission for the distribution issuing firm.

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Concord Company purchased a new machine on October 1, 2020, at a cost of $115,900. The company estimated that the machine will h
Kazeer [188]

Answer:

$4,870.5

Explanation:

Annual Depreciation Expense:

= [(Cost - Salvage Value) × Machine Usage in 2020] ÷ Total Estimated Working Hours

Depreciation Expense for 2020 (for 3 months only - October to December):

= [($115,900 - $13,900) × 1,910] ÷ (10,000) × (3/12)

= ($102,000 × 1,910) ÷ (10,000) × (1/4)

= $19,482 × (1/4)

= $4,870.5

Notes:

Depreciation will be calculated for only 3 months since the asset has been acquired on 1st October 2020.

7 0
3 years ago
Sam Peters is the sole proprietor of Charismatic Cats​, a business specializing in the sale of​ high-end pet gifts and accessori
deff fn [24]

Answer:

Charismatic Cat's Income Statement for the recent year:

Sales $1,060,000

Less Cost of Sales: $662,200

Gross Profit = $397,800

Less Selling & Administration - $114,700

Net Income - $283,100

Explanation:

a) cost of goods sold includes opening inventory plus purchases, including freight-in, less closing inventory:

Beginning Inventory - $19,800

Purchases - $636,000

Freight-in - $19,500

Less Closing Inventory - $13,100

b) Selling and Administration expenses include the cost of website maintenance, cost of shipping and wrapping boxes, and marketing.

c) Cost of goods sold is deducted from the sales to arrive at the gross profit, which compares the sales income with the sales cost.

d) Net income is a sum of gross profit less all the marketing, selling, and administration expenses incurred in running the business.  This figure represents the gain made from being in business.

Administration - Website maintenance - $53,000

Selling Expenses - $61,700 (marketing - $33,200 + Wrapping box & shipping- $28,500)

3 0
3 years ago
Paris operates a talent agency as a sole proprietorship,and this year she incurred the following expenses in operating her talen
Juliette [100K]

Answer:

A) $450.

Explanation:

The computation of the total deductible amount of the expenses is as follows:

In the case of the deduction with respect to the meal cost and entertainment. Only the half of the expense would be deducted i.e. for the business meeting

As in the question the opera tickets is $900 so the half of $900 i.e. $450 would be allowed as a deduction

Therefore the correct option is A.

6 0
3 years ago
Monetary policy theory says that when the economy is faced with inflation, the government should
pogonyaev
Decrease the supply of credit ... 

5 0
3 years ago
Kite Sales. Wendy is president of ABC Kites, a business that manufactures kites. Her company’s kites are sold to large toy store
atroni [7]

Answer:

She was involved in objectionable self-dealing.

Explanation:

Wendy was the president of a business, which made the product she started to make individually at her home, after learning it from the business.

That clearly reflects that the business might have provided the knowledge to Wendy, but using that knowledge in benefit of the self and not of the company, is a unethical act on the part of the individual.

Here Wendy the president of company, rather than promoting the products of the company promoted the products she manufactured individually at her home. This clearly proves that she is self oriented in a negative manner which is a loss for the company.

Her acts are objectionable.

8 0
3 years ago
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