daviddowdy7634 daviddowdy7634

27-05-2020
Business

contestada

Bryn Mar Company is authorized to issue 1,000,000 shares of $10 par value common stock. By March 15, 2019, the company had issued 200,000 shares at $34 per share. On March 15, 2019, the company declared a 10% stock dividend when the market price was $40 per share. What amount is transferred from retained earnings to paid-in capital as a result of the stock dividend

Respuesta :

28-05-2020

Answer:

$680,000

Explanation:

Dividends are paid from Profits Attributable to Shareholders.

Only issued share common stock at par value is used in the calculation of common stock dividend.

Dividend Calculation = 200,000 × $34 × 10% = $680,000

Answer Link

Otras preguntas

In a class of 19 students, 12 are female and 13 have an a in the class. There are 4 students who are male and do not have an a in the class. What is the probabi

Would there be a market today for such a system? Why or why not?

||50 POINTS|| Write a short description for each of the three steps in the voting process. A: Registering to vote B: Preparing to vote C: Casting your vote

How can you best describe the outside of one of these objects using polygons? The object has sides, so it is. It appears to be because the sides and angles appe

helppppppppppp mee plssss

-8(-x - 5) - 2 = -2 (x + 1)

A predator prey relationship. in which the populations rise and fall in response to each other is an example of A -A positive feedback loop B - A negative feed

Sanjana facilitated a hiring committee for her advertising company. Six employees (including two managers) met together to discuss applicants and select the fin

Tanya Is saving for a vacation she wants to have a lease $75 for each of the 12 days of her trip if she saves $85 each branch for 10 months will she save enough

The perimeter of a square is 252 feet how long is each side I’m not sure how to set up this problem