Shares = 5,000 shares + (5,000 shares * 20%) = 5,000 shares + 1,000 shares = 6,000 shares
Market value = $15,000
After the dividend is paid, Sam owns 6,000 shares with a market value of $15,000.
O out of 1 points sam owns 5,000 shares of stock in Global X Corporation with...
Question 14 0 out of 1 points Sam owns 1,000 shares of XYZ Corporation's common stock. The stock has a par value of $1 per share and is currerty seling for S80 per share. XYZ stock dividend, in a perfect capital market, after the dividend Sam will have es a 20%
Question 11 (5 points) On January 1, 2019, Frederick Corporation had 200,000 shares of common stock outstanding with a par value of $5 per share. On March 31, Frederick Corporation authorized a 10% stock dividend when the market value was $18 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write "No Entry Required." D oo - Format - BI U - ... General Journal: Date Accounts...
Please help me doing a) and b). Get stuck in Jan 31 (the first one of income summary) 30 W WU Was Owed $100,000. Te duard of directors declared a cash dividend of $15,000 on the preferred shares and $5,000 on the common shares to shareholders of record on June 20, payable July 1. Dedee that you will shechilder 150,000 common shares were issued in exchange for machinery with a fair market value of $2,000,000. The shares were actively trading...
82% Assume that you are considering purchasing stock as an investment. You have narrowed the choice to either Power Corporation stock or E-shop Company stock and have assembled the following data for the two companies. EEB (Click the icon to view the income statement data.) B(Click the icon to view data at end of current year) 圈(Click the icon to view data at beginning of current year) Your strategy is to invest in companies that have low price-earnings ratios but...
8 Refer to the following financial statements for Crosby Corporation: 4.5 points eBook CROSBY CORPORATION Income Statement For the Year Ended December 31, 20x2 Sales $ Cost of goods sold Gross profit $ Selling and administrative expense Depreciation expense Operating income $ Interest expense Earnings before taxes $ Taxes Earnings after taxes $ Preferred stock dividends Earnings available to common stockholders $ Shares outstanding Earnings per share $ Print 3,550,000 2,288,888 1,270, eee 723,000 268, cee 279, eee 88,5ee 190,...
Because of its inability to control film and personnel costs in its radiology department, Sanger General Hospital wants to replace its existing picture archive and communication (PAC) system with a newer version. The existing system, which has a current book value of $2,250,000, was purchased three years ago for $3,600,000 and is being depreciated on a straight-line basis over an eight-year life to a salvage value of $0. This system could be sold for $800,000 today. The new PAC system...
Ch 1 1. Given the following dat Dec 31 Year 2 Dec 31 Year 1 Total liabilities S128,250 $120,000 Total stockholders oquity 95.000 80.000 compute the ratio of liabilities to stockholders' equity for each year Round to two decimal places 1.50 and 107, 11.35 and 1.50 respectively respectively 1.07 and 1.19. 1.1.19 and 1.35 respectively respectively The liabilities and stockholder's equity of a company are $132,000 and $244.000, respectively. Assets should equal SS188.00 $132.00 p $376,00 12.000 A financial statement...