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notka56 [123]
2 years ago
15

On January 2, 2017, the board of directors of Michael declared a 10% stock dividend to be distributed on February 15, 2017. The

market price of Michael Company's common stock was $75 per share on January 2, 2017. On the date of declaration, the retained earnings account should be decreased by
Business
1 answer:
frozen [14]2 years ago
8 0

Answer:

the decrease in the value of the retained earning is $172,500

Explanation:

The computation of the decrease in the value of the retained earning is given below:

The dividend of the stock is

= (25,000 shares - 2,000 shares) × 10% × $75

= $172,500

Since there is the stock dividend of $172,500 so it ultimately reduced the retained earning account by $172,500

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Answer:

No, the park must not accommodate his request

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8 0
3 years ago
Read 2 more answers
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kherson [118]

Answer:

B) (I) is false, (II) true.

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7 0
3 years ago
Marcus is a manager of an automobile parts factory. he oversees the process of transforming the raw materials into automobile pa
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3 years ago
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Liono4ka [1.6K]

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8 0
2 years ago
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According to these definitions,
<span>he 12-month period a business chooses for its accounting period is a fiscal year.</span>



7 0
3 years ago
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