A dividend is a pro rata distribution of retained earnings. Explain what pro rata means.
Question:
A dividend is a “pro rata” distribution of retained earnings. Explain what “pro rata” means.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Pro rata means proport...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Question Posted:
Students also viewed these Business questions
-
A dividend is a pro rata distribution of retained earnings. Explain what pro rata means?
-
A received a pro rata distribution of preferred stock from X Co. as a nontaxable stock dividend. A's basis in the preferred stock is $2,000. A's share of X Co.'s E&P at the time of the...
-
What is the difference between pro forma incremental earnings and pro forma free cash flow?
-
Suppose that the following equations describe an economy: C = 170 + 0.60YD M s = 735; P = 1 T = 200 I = 100 - 4i Md = 0.75Y - 6i G = 350 a) what is the equation for equilibrium in the goods market?...
-
In early January, Swanton Corp. purchased a building to house its manufacturing operations in Moose Jaw for $470,000. The company agreed to lease the land that the building stood on for $14,000 per...
-
What market does Freddie Mac serve, and how does it raise money for the purchase of mortgage loans?
-
Define the two strategic drivers of revenue management.
-
Eutsler forged his brother Richards indorsement on certified checks and cashed them at First National Bank. When Richard sought to recover the funds from the bank, the bank stated that it would press...
-
Ducat Company has 2,000 outstanding shares and a Price/Earnings (P/E) ratio of 12.0. During the year Ducat reported cost of goods sold for $200000 and on average charged a 10% mark up. Assume a 365...
-
The following information is from the unadjusted trial balance for Journeys End Company prepared at October 31, 2023, the end of the fiscal year: Rent and salaries expense are equally divided between...
-
The following financial information (in millions) is for two major corporations for three fiscal years ended October 31: Instructions a. Calculate return on assets and return on equity for each...
-
Annora Inc., a private company, is authorized to issue an unlimited number of common shares and 100,000 noncumulative $4 preferred shares. It began operations on January 1, 2024, and the following...
-
Determine the maximum contribution that can be made to a Keogh plan in each of the following cases. In all instances, the individual is self-employed, and the self-employment tax reduction has...
-
Suppose you win the Powerball lottery this year, which is worth $300 million. You can choose to take a lump sum now of $275 million or you can "annuitize" your winnings. Annuitization means that you...
-
1. Briefly describe theeffect of an increase in each of the following factors on the value of the stock (i.e., the stock value will increase or decrease accordingly), assuming all else being the...
-
An investor has $27. They make the following trades at the same time on the same underlying stock. The options all have the same expiration - Sell (Write) a call with a strike of $30 for a premium of...
-
8. (5 points) Without solving the following integrals, show that they repre- sent an area with the same value. e dx and L2re 2.redr
-
4.Figs, Dates and Other Things (FDT) has the following cost of capital structure: What is FDT's Weighted Average Cost of Capital, (WACC)?
-
Discuss in a paragraph why the users would need to move to another page (by pressing the Next Record button) to display the correct record for the SOFTWARE LOCATION inquiry.
-
Saccharin is an artificial sweetener that is used in diet beverages. In order for it to be metabolized by the body, it must pass into cells. Below are shown the two forms of saccharin. Saccharin has...
-
It is common to read news reports that many Canadians have big debt loads and negative cash flows. Assume you are a student enrolled in your second year of university and have just learned about the...
-
Sant Smoothie & Sweets Ltd. has been providing all natural granola bars to Coffee Beans Ltd., a private company, on a weekly basis over the past two years. Coffee Beans, thrilled with the quality of...
-
Are short-term creditors, long-term creditors, and shareholders interested primarily in the same characteristics of a company? Explain.
-
Your client, Li Hui Chen, has an offer to come to Canada to work as a benefits officer, specifically working in payroll administration. He has also worked as a benefits officer (NOC 13102) for the...
-
How does the state of California handle the federal educator expense deduction for tax purposes? a. California allows a full deduction, matching the federal limit of $250 for single filers and $500...
-
#3) At the beginning of 2016, Dianne Chelsey had the following loss carry forwards available: Restricted Farm Losses $7,200 Non-Capital Losses 41,000 Net Capital Losses From 2010 [(1/2)($50,000)]...
Study smarter with the SolutionInn App