Randall's has 28,000 shares of stock outstanding with a par value of $1 per share. The market value is $13 per share. The balance sheet shows $152,000 in the capital in excess of par account, $34,000 in the common stock account, and $92,800 in the retained earnings account. The firm just announced a 15 percent (small) stock dividend. What will be the balance in the retained earnings account after the dividend
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Randall's has 28,000 shares of stock outstanding with a par value of $1 per share. The market value is $13 per share. The balance sheet ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Rachel is in her bedroom with her mother. Rachel's mother exclaims, "You need to get these clothes off the floor right now!" Rachel replies, "It's my room, and I will leave things where I want.
Answers (2)
A policymaker wants to reduce inflation. In order to make an intelligent decision about how to do so, the policymaker: should use a simple rule: once inflation is gone, it will always be gone.
Answers (1)
On January 1, 2017, Puma Corporation acquired 30 percent of Slume Company's stock for $150,000. On the acquisition date, Slume reported net assets of $450,000 valued at historical cost and $500,000 stated at fair value.
Answers (1)
Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 9.4 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?
Answers (1)
Corales Company acquires a delivery truck at a cost of $77,000. The truck is expected to have a salvage value of $8,000 at the end of its 5-year useful life.
Answers (1)
New Questions in Business
If there is both an increase in the supply of a good and a decrease in demand for a good, which of the following will definitely occur?
Answers (1)
On January 1, 2021, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cost for each year of 2021 and 2022 was $600,000.
Answers (1)
Dellinger Incorporated issued 100,000 shares of no-par common stock with a stated value of $7 per share. How would the accounting for these shares differ if they had instead issued no-par common stock without a stated value?
Answers (1)
Vactin Motors, an automobile company, is a well-recognized brand. It does not have the capital and capabilities to set up manufacturing units abroad, although it is keen to have its products made in the foreign market.
Answers (1)
Geoffrey is waiting for raw materials to be delivered to his company. He had asked the suppliers to deliver the materials by 8:00 am. He knew that the first shift begins at 9:00 am. Which stage of operational planning has Geoffrey performed here?
Answers (1)