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
kupik [55]
2 years ago
7

Swifty Corporation has 46,500 shares of $13 par value common stock outstanding. It declares a 15% stock dividend on December 1 w

hen the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (
Business
1 answer:
Olin [163]2 years ago
4 0

Answer:

Common stock dividend distributable = Par * Number of shares * % dividend

= 13 * 46,500 * 15%

= $90,675

Stock Dividend = Number of shares * market price * % dividend

= 46,500 * 18 * 15%

= $125,550

Date          Account Title                                                 Debit               Credit

Dec, 1        Stock Dividend                                          $125,550

                 Common Stock Dividend Distributable                            $90,675

                  Paid in Capital in excess of Par-                                       $34,875

                  Common stock

Date          Account Title                                                 Debit               Credit

Dec, 31      Common Stock Dividend Distributable     $90,675

                 Common Stock                                                                  $90,675

You might be interested in
After finishing college, Nathan joined his uncle's company in Miami, FL, a company that buys bauxite, copper, and other minerals
julsineya [31]

After finishing college, Nathan joined his uncle's company in Miami, FL, a company that buys bauxite, copper, and other minerals from the country of Chile, and brings them into the U.S. Everyday, he brokers trades with mines in Chile. His uncle's company is in the export-The statement is False

Explanation:

From the information given in the question it is clear that company that buys bauxite, copper, and other minerals from the country of Chile, and brings them into the U.S.-S<u>o Nathan uncles company is an importer of bauxite, copper, and other minerals </u>

<u></u>

<u></u>

The term importer refers to the country who imports goods and service from other countries.

<u>For Example :India imports Oil. ,precious stones,Electronics,Heavy machinery,Organic chemicals,Plastics,Animal and vegetable oil,Iron and Steel.</u>

<u />

<u>Exporting  means goods and services which are produced in one country are purchasedby other countries.</u>

5 0
3 years ago
Read 2 more answers
HELPPPPPPPPPPPPPPPPPPPPPPP
Rashid [163]
Answer 2 is the best choice
3 0
2 years ago
What are the main purposes of a budget
Snezhnost [94]
Following a budget will help you keep you out of debt if you are currently in debt.
4 0
3 years ago
Both seashells and corn have been used as money in the past. Which do you think is a better choice? Explain your answer by refer
Katarina [22]

Answer:

Seashells  were better than corn.

Explanation:

I think shells were the better choice. They were also used as ornaments. The shells were very easy to use and durable. Payments were made using shells. The shells are considered as the oldest form of currency and they originated in ancient China.

It helped in a growing trade. Shells were the part of commodity money.Sea shells were used as a whole or partial. Shells were used either in the shape of beads or artificially shaped.

5 0
2 years ago
lander has a netflix account and loves to watch independent and international films. after each film that he streams, netflix cr
marysya [2.9K]

Netflix is ​​using the digital marketing technique of using measurable, data-driven information to add customer value.

This digital marketing technique of creating a list of potential films based on Lander's film screening history helps Netflix generate value for the customer, generating benefits such as:

  • reduction in the time the client looks for a film.

  • meeting customer needs.

  • increased satisfaction.

  • greater customer loyalty.

  • creation of relationship and interaction between company and customer.

Therefore, artificial intelligence uses data to create value for the consumer, making the experience more targeted and aligned with consumer tastes and preferences, which makes the company better positioned and competitive in the market.

Learn more here:

brainly.com/question/8367090

5 0
2 years ago
Read 2 more answers
Other questions:
  • Which of the following is the correct way to describe equilibrium in a market?
    9·1 answer
  • the nominal interest rate is 7 percent and the expected inflation rate is 4 percent. the real interest rate is
    10·1 answer
  • At the start of the month, Oak Inc. had 58,000 units of beginning work in process that were 65% complete. Over the course of the
    9·1 answer
  • Tools used in a particular career depend on the _____.
    14·2 answers
  • Which of the following best explains what a futures contract is?
    15·1 answer
  • The value of the mutual fund's portfolio minus the mutual fund's liabilities divided by the number of shares outstanding is call
    10·1 answer
  • Oriole Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales ret
    11·1 answer
  • This Venn diagram compares two career pathways in the Marketing, Sales, and Service career cluster.
    15·2 answers
  • Which of the statements below is correct regarding the difference between a temporary account and a permanent account?
    6·1 answer
  • A trademark is an exclusive right granted to its owner to publish and sell a musical, literary, or artistic work during the life
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!