The FDA, but I don't know what the others are.
O think is c, but I think I’m not sure
Answer:
By 110,000 the retained earnings reduced by the property dividend.
Explanation:
Retained Earnings: The retained earnings is that earnings which is left after all payments relating to the business expenses, shareholder dividend. The earnings which is to be retained so that it can come in use in near future.
For retained earning calculation, the stock market value is recorded when the date is declared not on distribution date.
So, the calculation is computed below:
As the 50,000 shares is given for every 10 shares. So, first we have to compute for 1 share which comes by dividing shares to number of shares i.e. 50,000 shares ÷ 10 shares = 5,000 for 1 share.
Now, multiply by market value which comes = 5,000 × $22 = $110,000.
So, by 110,000 the retained earnings reduced by the property dividend.
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Amortized cost Fair Value Trading Securities: Security A Security B 954,000 940,000 145,000 139,200 $1,085,000 $1,093,200 Totals Securities Available-for-Sale: 816,000 956,600 Security C Security D $ 740,000 940,000 $1,772,600 Totals $1,680,000 Securities to Be Held-to- Maturity: Security E Security F $ 530,000 655,000 $ 540,800 649,200 $1,185,000 $1,190,000 Totals No investments were sold during 2021. All securities except Security D and Security F are considered short-term investments. None of the fair value changes is considered permanent. Required: Complete the following table. (Amounts to be deducted should be indicated with a minus sign.) Reported on Balance Sheet Unrealized gain (loss) included in: as: Other Comprehensive Comprehensive Income (OCI) Total Noncurrent Net Income Current assets (/S) assets Income Trading Securities Security A 0 Security B Securities Available-for-Sale 0 Security C $ 0 Security D $ 0 Securities to be Held-to-Maturity Security E $ 0 Security F $ 0 0$ $ $ 0 0 Totals
