Answer:
B. $300,000
Explanation:
The computation of the reduction of retained earning amount is shown below:
= Number of shares of common stock × stock dividend percentage × market value
= 1,000,000 shares × 6% × $5
= $300,000
Since the dividend amount is adjusted while computing the ending balance of retained earning balance and the same is to be considered in the computation part.
All other information which is given is not relevant. Hence, ignored it
Answer:
$60,500
Explanation:
The cost of the land to be recorded consist of the cost of the land itself and other associated cost with the purchase.
The amount realized as income in the process is deducted from the cost.
Cost of land
= $50,000 + $5,000 + $4,000 + $2,000 - $500
= $60,500
The power and responsibilities of the top management of a corporation is : A. they manage the day to day operations of the corporation
For example, if you're a Relationship manager, you are obliged to handled all the things related in maintaining good relationship with the customers
hope this helps
Answer:
Economies based on the exploration of raw materials were established in Sub-Saharan Africa.
