Answered step by step
Verified Expert Solution
Question
1 Approved Answer
9. The effect of a stock dividend is to A) decrease total assets and stockholders' equity. B) change the composition of stockholders equity. C) decrease
9. The effect of a stock dividend is to A) decrease total assets and stockholders' equity. B) change the composition of stockholders equity. C) decrease total assets and total liabilities D) increase the book value per share of common stock 10. The following selected amounts are available for Clark Company. Retained earnings (beginning) $800 Net loss 150 Cash dividends declared 100 Stock dividends declared 100 What is its ending retained earnings balance? A) $650 B) $700 C) $450 D) $600 11. Assume that all balance sheet amounts for Marley Company represent average balance figures. Stockholders' equity-common $150,000 Total stockholders' equity 200,000 Sales 100,000 Net income 27,000 Number of shares of common stock 10,000 Common stock dividends 10,000 Preferred stock dividends 4,000 What is the return on common stockholders' equity ratio for Marley?! A) 18.0% B) 15.3% C) 11.3% D) 8.7%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started