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Stels [109]
2 years ago
9

On October 1, 2018, Chief Corporation declared and issued a 10% stock dividend. Before this date, Chief had 80,000 shares of $5

par common stock outstanding. The market value of Chief Corporation on the date of declaration was $10 per share. As a result of this dividend, Chief's retained earnings will:__________.
MULTIPLE CHOICE
a. decrease by $80,000
b. not change
c. decrease by $40,000
d. increase by $80,000
Business
1 answer:
iris [78.8K]2 years ago
4 0

Answer:

correct option is a. decrease by $80,000

Explanation:

given data

stock dividend = 10%

common stock = $5

Chief = 80,000 shares

market value = $10

to find out

Chief's retained earnings will

solution

here retaining earning will be decrease by the maount of stock dividend that is

retaining earning = $80,000 × 10 % × $10

retaining earning = $80,000 × 0.10 × $10

retaining earning = $80000

so here correct option is a. decrease by $80,000

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kiruha [24]

From the critical path that's given, the total crashing cost will be $530.

<h3>What is a critical path?</h3>

A critical path simply means the longest sequence of tasks that one will have to complete in order to complete a project.

In this case, from the information given, the critical path will be:

= 0 + $130 + $400

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In conclusion, the correct option will be $530.

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2 years ago
What is a minimum balance? A. The process of balancing your checkbook register against your bank statement B. The largest number
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Answer:

What is a minimum balance?

D. The smallest amount of money you can keep in a bank account

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3 0
3 years ago
Read 2 more answers
Riley Company paid $60,000 cash to purchase land from Smally Company. Smally originally paid $60,000 for the land. A) Was this e
Veseljchak [2.6K]

Answer:

A. Asset exchange transaction

B. Asset exchange transaction

C. Investing activity

D. Investing activity.

Explanation:

In the question, the Riley company paid cash to Smally company, and the Smally company paid the amount for the land.

So,  

A. For Riley company, it is an asset exchange transaction as the asset exchanges between Riley and Smally company.  

B.  For Smally company it is an asset exchange transaction as the asset are the exchange between Riley and Smally company.

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4 0
3 years ago
Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of u
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Answer:

The variable costing unit product cost was <u>$69.</u>

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Based on the explanation above, the variable costing unit product cost to produce a single product by Kray Inc. can be calculated as follows:

Kray Inc.

Calculation of Variable Costing Unit Product Cost

<u>Particulars                                                          Amount ($)     </u>

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Variable selling and administrative expense     <u>     2      </u>

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What does gdp do for the economy
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Hope this helps!
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