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3 years ago

One example of a company that is allowed to sell shares to the public

1 answer:

5 0

A public company may be formed by persons among the public including Indian nationals or foreigners. It may be conceived in the government, cooperative, joint, as well as private sector of the economy. Some examples of public companies are, Reliance Industries, Tata Motors, Bharti Airtel, Larsen & Tourbo, etc.

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Moss Corp. owns 20% of Dubro Corp.'s preferred stock and 40% of its common stock. Dubro's stock outstanding at December 31, Year

Temka [501]

Answer:

Revenue due to investment in Dubro = $22,000

Explanation:

In the given case, revenue to be recorded will be based on calculation as follows:

Since investment in equity is 40% of total share, equity method will be used.

In such method all income share in equity and preference dividend will form part of income for the current year.

Dividend = $10,000 $\times$ 20% as invested in preference capital.

= $2,000

Share in income = $50,000 $\times$ 40% as invested in equity = $20,000

Note: Dividend will be deducted from net income as net income for equity

Net income - Dividend = $60,000 - $10,000 = $50,000

Thus, net share of income = $2,000 + $20,000 = $22,000

7 0

4 years ago

Federal income taxes are ________. A. added to arrive at an employee's net pay B. deducted to arrive at an employee's net pay

natulia [17]

Answer:

The correct answer is letter "D": deducted to arrive at an employee's net pay.

Explanation:

Federal income taxes represent the main monetary resource from where the government can fund its diverse projects. These sources are also allocated to deal with common social issues such as building highways, improving education or funding social programs such as Medicare.

When it comes to wages,<em> the federal income taxes are deducted from the gross income of workers resulting in their net payment which is the actual amount of money employees see in their checks</em>.

5 0

3 years ago

Use the starting balance sheet and the list of changes to create an updated balance sheet.Valley TechnologyBalance SheetAs of De

satela [25.4K]

Answer:

$31,300,000

Explanation:

cash account balance = 22,000,000 - 200,000 (cash decrease) = 21,800,000

total liabilities balance = 36,000,000 - 100,000 (decrease in liabilities) = 35,900,000

equity balance = 14,000,000 - 400,000 (dividends) + 3,600,000 (net income) = 17,200,000

total assets = 35,900,000 + 17,200,000 = 53,100,000

other assets = total assets - cash = 53,100,000 - 21,800,000 = 31,300,000

3 0

3 years ago

Suppose you bought 400 shares of stock at an initial price of $53 per share. The stock paid a dividend of $0.58 per share during

GuDViN [60]

Answer:

Gain per share = $1.58

Total dollar return on investment = $632

Explanation:

In order to calculate the total dollar return on investment we will first calculate the dollar return on one share and then multiply it by the total number of shares.

Share was bought at the initial price of 53 and it paid a dividend of 0.58 and sold for 54. Gain = Selling Price-Buying Price + Dividend.

Gain per share = 54-53+0.58=1.58

Total dollar return= 1.58*400=$632

8 0

4 years ago

The following is selected financial information for Osmond Dental Laboratories for 2021 and 2022: 2021 2022 Retained earnings, J

Anettt [7]

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $52,000 + $34,000 - $12,000

= $74,000

And, the ending balance of the common stock = Beginning balance of common stock + issued shares

= $71,000 + $20,000

= $91,000

The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:

6 0

3 years ago

One example of a company that is allowed to sell shares to the public​

One example of a company that is allowed to sell shares to the public