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bazaltina [42]
3 years ago
9

On January 1, Coronado Corporation had 960000 shares of $10 par value common stock outstanding. On March 31, the company declare

d a 25% stock dividend. Market value of the stock was $20/share. As a result of this event:_______
a. Key‘s Paid-in Capital in Excess of Par account increased $2,000,000
b. Key’s total stockholders‘ equity was unaffected.
c. Key‘s Stock Dividends account increased $6,000,000.
d. All of these answer choices are correct.
Business
1 answer:
andreyandreev [35.5K]3 years ago
4 0

Answer:

d. All of these answer choices are correct.

Explanation:

Based on the information given as a result of this event their Paid-in Capital in Excess of Par account will increased with amount of $2,000,000 while their total stockholders‘ equity will be unaffected and lastly the Stock Dividends account will increased

by the amount of $6,000,000 which is calculated as :

Stock Dividends account=2,000,000 *.20*(25%*20+$10)

Stock Dividends account=2,000,000 *.20*$15

Stock Dividends account=$6,000,000

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That statements is true

Manufacturer is a type of business that transform raw materials into a sellable goods, so technically they can be considered as a producer in the market.
Retailers is someone that sell the goods that produced by the manufacturers to the consumers.

So, in this case, they did perform both production and retailing activities
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Ryan wants to work in a factory as a machine operator. What is a basic requirement for this job?
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knowing how to work with heavy machinery


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"A leading environmental group recently published a report contending that humans are running a "resource deficit" because we ar
adelina 88 [10]

Answer:

c. disagree with the report, in part because it ignores the mitigating effects of technological change.

Explanation:

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3 years ago
Your credit card company charges you 1.43 percent per month. What is the APR on your credit card?
dsp73

Answer:

APR is 17.16 percent

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3 0
3 years ago
Hayes Bakery has sales of $30,600,costs of $15,350 an addition to retained earnings of $4221, dividends paid of $469, interest e
rodikova [14]

Answer:

c. $8013.29

Explanation:

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The net income is the difference between the sales and all expenses including depreciation.

Let the depreciation be d

Net income = retained earnings + dividend

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d = $13,950  - $5,936.71

d = $8,013.29

3 0
3 years ago
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