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Korolek [52]
3 years ago
14

The balance in retained earnings at December 31, 2020 was $1,440,000 and at December 31, 2021 was $1,164,000. Net income for 202

1 was $1,000,000. A stock dividend was declared and distributed which increased common stock $500,000 and paid-in capital $220,000. A cash dividend was declared and paid.
The stock dividend should be reported on the statement of cash flows (indirect method) as: ____________

a. an outflow from investing activities of $720,000.
b. an outflow from financing activities of $720,000.
c. an outflow from financing activities of $500,000.
d. Stock dividends are not shown on a statement of cash flows.
Business
1 answer:
nadya68 [22]3 years ago
6 0

Answer: d. Stock dividends are not shown on a statement of cash flows.

Explanation:

A stock stock dividend refers to the dividend payment to the shareholders of s company that is not made in cash but rather it's made in shares.

It should be noted that the stock dividend is not reported on the cash flow statement. The reason for this is because it's a non cash item and also doesn't allow cash outflow. Therefore, it won't be reported.

Therefore, the correct option is D.

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Break-even analysis for a service company Sprint Nextel is one of the largest digital wireless service providers in the United S
Tema [17]

Answer:

Explanation:

Variable cost = 20,841*70%+9,765*30% = 17,518.20

Fixed cost = 20,841+9,765+2,239   -17,518.20 = 15,326.8

Contribution margin per unit = (Revenue - Variable cost)/subscribers =(35,345-17,518.20)/32.5 = 548.5

a) Break even unit = Fixed cost/Contribution margin = 15,326.8/548.5 = 27.9 Million

b) Revenue per account = (Total variable cost+Total fixed cost)/subscribers = (17,518.20+15,326.8)/32.5 = $1010.61

8 0
4 years ago
Atlantis Inc. is in need for funds for its expansion plan. It approaches Uni Bank with its business plan for financial assistanc
rewona [7]

When Atlantis Inc has Uni Bank source their expansion, they are using a D. external source of funding. An external source refers to something being funded outside of their direct business funds. They are using another company to fund their business expansion which overtime will be paid back to them.

7 0
4 years ago
Ben is responsible for managing the customer satisfaction of Hampton Inn motel guests. Ben is currently analyzing the customer r
Vilka [71]

Answer:

<u>d.</u>

Explanation:

A customer relationship management program helps a manager disperse information to customers as well builds the relationship between customers and the company or organisation.

And one major way to build these relationship is through these platforms; that is why <em>the best option Ben has</em> is <u>providing information to customers through the use of social networks, or in person.</u>

8 0
3 years ago
What is the square root of 169​
svp [43]
The square root of 169 is 13 :)
4 0
3 years ago
Read 2 more answers
On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $66,200. The band estimates
11Alexandr11 [23.1K]

Answer:

$25,680

Explanation:

For the computation of revised depreciation for both the second and third years first we need to follow some steps which are shown below:-

Depreciation cost = Cost - Salvage value

= $66,200 - $2,000

= $64,200

Annual depreciation under SLM method = Depreciable cost ÷ Useful life

= $64,200 ÷ 5

= $12,840

Book value of the equipment = Cost - Annual depreciation

= $66,200 - $12,840

= $53,360

Remaining depreciable cost = Book value at point of division - Salvage value

= $53,360 - $2,000

= $51,360

Annual depreciation for year 2 and year 3 = Remaining depriciable cost ÷ Remaining useful life

= $51,360 ÷ (3 - 1)

= $51,360 ÷ 2

= $25,680

8 0
3 years ago
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