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Ad libitum [116K]
3 years ago
11

A corporation declared and issued a 20% stock dividend on October 1. The following information was available immediately prior t

o the dividend: Retained earnings $ 760,000 Shares issued and outstanding 61,000 Market value per share $ 16 Par value per share $ 5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:
Business
1 answer:
sashaice [31]3 years ago
5 0

Answer:

$195,200 increase

Explanation:

The computation of the amount of the contributed capital increase or decrease is shown below:

Given that

Stock Dividend = Outstanding shares × 20%

= 61,000 Shares × 20%

= 12,200 shares

Now the Value of Stock Dividend is

= Number of Shares × Market Value per share

= 12,200 Shares × $16

= $195,200

There is an increase in the contributed capital

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3 years ago
Consider the overall market for beverages in the US. This market consists of both alcoholic and non-alcoholic drinks. Within the
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Answer:

The correct answer is: a macro-segment.

Explanation:

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3 years ago
Annual Percentage Rate (APR), credit limit, and penalties
Artyom0805 [142]

Answer:

Choosing a credit card.

Explanation:

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3 0
3 years ago
Anderson Products Inc., a large conglomerate, took over a small startup company that had made some breakthrough innovations in t
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Explanation:

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3 years ago
Schonhardt Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its a
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Answer:

a. $16,500

Explanation:

The computation of the total amount of fixed manufacturing cost is shown below;

= Number of units sold & produced × fixed manufacturing overhead per unit

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3 0
3 years ago
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