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Morgarella [4.7K]
3 years ago
7

A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The balance in its Common Stock

account is $200,000. The company does a 2-for-1 stock split. What is the par value of its stock after the split
Business
1 answer:
Alona [7]3 years ago
5 0

Answer:

$1 par value

Explanation:

The computation of the par value of the stock after the split is given below:

= $200,000 ÷ (100,000 × 2 )

= $200,000 ÷ 200,000

= $1 par value

Hence, the par value of its stock after the split is $1 par value

We simply divide the balance by the number of outsanding shares so that the par value could come

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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.
Anon25 [30]

Answer:

Inventory account balance $61,190

Cost of goods sold $166,780

Explanation:

<u>date        reference       units          unit price        total      </u>

8/01         beg. inv.         3,300        7.40                24,420

8/08        purchase        16,500      6.80                112,200            

8/14         sales               -13,200     6.80                (89,760)

8/18         purchase        9,900       6.20                61,380

8/25        sales               -9,900      6.20                (61,380)

8/25        sales               -2,300      6.80                (15,640)

8/28        purchase        5,300       5.80                30,740

8/31         ending inv.     9,600                               61,190

8 0
3 years ago
Mumbai Travel Services provided the following​ information: Direct labor​ rate: $ 40 per hour Predetermined allocation rate for
galben [10]

Answer:

True

Explanation:

Labour rate (indirect cost) = $40 per hour

Labour rate (Direct cost) = $22 per hour

The total cost per hour is $40 + $22 = 62

For five hours the total labour cost will be = 62 * 5 = £310

According to the results, Mumbai travel will make a profit of $ 40.

8 0
3 years ago
Williford Enterprises has purchased common stock from several companies and has classified them as long-term investments. If the
Tomtit [17]

The way they will record the dividends if they use the fair value method vs. the equity method is A. They will report dividends as income under the fair value method but as a reduction in the investment under the equity method.

<h3>What is a Stock?</h3>

This refers to the shares of a company that denotes a certain ownership percentage for each buyer of the stock.

Hence, we can see that Williford Enterprises has purchased common stock from several companies and has classified them as long-term investments and option A best shows how they would record the dividends.

Read more about the fair value method here:

brainly.com/question/17370892

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5 0
2 years ago
Assessments of the currency of diversity plan
FinnZ [79.3K]

An equality and diversity policy is basically a written agreement for your organization on how you will avoid discrimination and provide a safe and inclusive environment for your members and service users.

<h3>What is meant by currency of a plan?</h3>

The currency in which the Policy is denominated, as described in the Policy Schedule, is referred to as the Policy Currency.

The assessment of the currency of diversity plan or policy therefore, is the process of ensuring that a diversity policy or plan is up to date.

Learn more about diversity plans:
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4 0
2 years ago
In which account are postage stamps classified?
castortr0y [4]
The answer to this is D
4 0
3 years ago
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