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yawa3891 [41]
4 years ago
15

Dixie Corporation distributes $31,000 to its sole shareholder, Sally. At the time of the distribution, Dixie's Earnings and Prof

its (E&P) is $25,000 and Sally's basis in her Dixie stock is $10,000. Sally's basis in her Dixie stock after the distribution is (A). $31,000 (B). $25,000 (C). $10,000 (D). $4,000
Business
1 answer:
Radda [10]4 years ago
4 0

Answer:

(D) $4,000

Explanation:

Initial amount distributed is $31,000

Earnings and Profit (E & P) $25,000

Therefore, Distribution in excess of earnings and Profit would be;

= Initial amount distributed - Earnings and Profit

=$31,000 - $25,000

=$6,000

Sally basis in her Dixie stock after the distribution would be ;

= Basis - Excess distribution

=$10,000 - $6,000

=$4,000

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chubhunter [2.5K]

The question is about the description of different cabins of cruise liner. Following is the description of each cabin,

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Guest can sit and enjoy their drinks while having beautiful view of ocean waves along with sea breeze.

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Learn more about Business at brainly.com/question/16362980

3 0
2 years ago
1. Mrs. Ryan plants 3 flowers along 4 inches of a garden row. The garden row is 3 feet long.
finlep [7]

Question 1. if 3 flowers = 4 inches, and she has a 3 foot long row to plant flowers, then we need to see how many inches the row is.

1 foot = 12 inches

12 inches x 3 = 36 inches, or 3 feet.

Now we need to divide.

36 divided by 4 = 9.

So now we know that Mrs. Ryan can plant x amount of flowers 9 times. This makes the answer easier to find.

To find the answer, we need to simply multiply 3 and 9.

3 x 9 = 27.

<em>Your answer would be Mrs. Ryan planted 27 flowers.</em>

Question 2. this is simple. Just multiply 5 and 3.

5 x 3 = 15.

<em>Your answer would be Mrs. murphy bought 15 feet of fabric.</em>

Question 3. This is simple...Just multiply 4.3 x 100, or move the decimal over to the right twice and put a 0 where theres an empty space.

4.3 x 100 = 430

<em>Your answer is the line is 430 centimeters wide.</em>

Question 4. This is simple, just multiply 2.9 x 100 or move the decimal over to the right twice and put a 0 where there's an empty space.

2.9 x 100 = 290

<em>Your answer is The book is 290 milliliters wide.</em>

Question 5. This is also very simple. This time we add a decimal twice to the left. Put the decimal next to the 0 in 210.

210.

21.0

2.10

<em>Your answer would be the bookshelf is 2.1 meters tall.</em>

Question 6. This is simple, again... Just multiply 13 and 2.54.

2.54 x 13 = 33.02

<em>Your answer would be c, 33.02 cm.</em>

Question 7. This is simple, again... Just multiply 13 and 2.54.

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6 0
3 years ago
Exercise 14-04 On October 31, the stockholders’ equity section of Cullumber Company consists of common stock $370,000 and retain
djverab [1.8K]

Answer:

Explanation:

1. Before action

The company is having the 37000 shares of $10 each outstanding.

Par value of outstanding shares = $10 * 37000 shares = $370,000

Common stock in excess of par = Total common stock - Par value of outstanding shares = $370,000 - $370,000 = 0

2. After stock dividennd

Stock dividend declared = 6% of 37,000 shares = 2,220 shares

Current market price of shares = $16 per share

Value of stock dividend declared = $16 * 2,220 = $35,520

Common stock in excess of par = $35,520 - $22,200 = $13,320

Total number of shares outstanding = 37,000 + 2,220 = 39,220

Total par value of common stock = 39,220 * $10 = $3,92,200

The stock dividend is declared out of the retained earnings.

Retained earnings after stock dividend = $904,000 - $35,520 = $868,480

3. After stock split

In this case, there is no financial impact. Only, the number of shares will get double because one share is split into two shares.

No. of outstanding shares = 37000 * 2 = 74000 shares

4 0
4 years ago
Slide presentations are user friendly for which of the following reasons?
fomenos
I have this class on apex the correct answer is "C"
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3 years ago
Read 2 more answers
Assume (1) estimated fixed manufacturing overhead for the coming period of $221,000, (2) estimated variable manufacturing overhe
svetoff [14.1K]

Answer:

The predetermined plantwide overhead rate for the period is closest to:____.

$6.02

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a) Data and Calculations:

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Estimated variable manufacturing overhead = $2.00 per DLH

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Total estimated manufacturing overhead = $331,000

Predetermined rate = $331,000/55,000 = $6.02 per DLH

5 0
3 years ago
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