FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

could you explain why the answer is C? On June 30, 2012, when Ermler Co.'s stock was selling at $65 per share, its capital accounts

could you explain why the answer is C?

image text in transcribed

On June 30, 2012, when Ermler Co.'s stock was selling at $65 per share, its capital accounts were as follows: Capital stock (par value $50; 80,000 shares issued) $4,000,000 APIC on capital stock 600,000 Retained earnings 4, 200,000 If a 100% stock dividend were declared and distributed, capital stock would be $4,000 000 $4,000 000. $8,000,000. $8,000,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing ISO Management System

Auditing ISO Management System

Authors: Dr. RAMESH R LAKHE, Dr. RAKESH L. SHRIVASTAVA, M M NAVEED, KRANTI P DHARKAR, Dr. C M SEDANI

1st Edition

1702203913, 978-1702203913

More Books

Students also viewed these Accounting questions

Question

★★★★★
The conventional algorithm for evaluating a polynomial anxn + an1xn1 + +a1x + a0 at x = c can be expressed in pseudocode by procedure polynomial(c, a0, a1, . . . , an: real numbers) power := 1 y :=...

Answered: 1 week ago

Question

★★★★★
=+34. The accompanying data was extracted from the article Effects of Cold and Warm Temperatures on Springback of Aluminum-Magnesium Alloy 5083-H111 (J. Engr. Manuf., 2009: 427431). The response...

Answered: 1 week ago

Question

★★★★★
40. The article Statistical Evidence of Discrimination (J. Amer. Statist. Assoc., 1982: 773783) discusses the court case Swain v. Alabama (1965), in which it was alleged that there was discrimination...

Answered: 1 week ago

Question

★★★★★
The partners of Clash Company have decided to liquidate their business. Noncash assets were sold for $125,000. The income ratios of the partners M. Jones, J. Strummer, and P. Simonon are 3:2:3,...

Answered: 1 week ago

Question

★★★★★
could you explain why the answer is C? On June 30, 2012, when Ermler Co.'s stock was selling at $65 per share, its capital accounts were as follows: Capital stock (par value $50; 80,000 shares...

Answered: 1 week ago

Question

★★★★★
1 What is the difference between managerial and financial accounting? Financial accounting provides accounting information to internal users while managerial accounting provides information to...

Answered: 1 week ago

Question

★★★★★
Ami stops to fill her car with gas at Local Gas Station. Unbeknownst to Ami, Amari, one of the employees at the store, has placed a device on the pump that allows her to steal the credit card number....

Answered: 1 week ago

Question

★★★★★
Design a custom date function that showcases your coding abilities and originality. The function should take 3 inputs: the output of the Get-Date cmdlet, and two additional parameters. It must...

Answered: 1 week ago

Question

★★★★★
5. Find the tension in the cable and the force exerted by the hinge on the beam. The beam has mass 50.0 kg and length 7.00m. (754N; 492N at 10.2 below hzntl) 80.0 30.0 7.00 m 2.00 m

Answered: 1 week ago

Question

★★★★★
The ethical principle of applies to the security of payroll records. Multiple Choice Professional Competence and Due Care Integrity Confidentiality Objectivity and Independence

Answered: 1 week ago

Question

★★★★★
QS 1-7 (Algo) Applying the accounting equation LO A1 a. Total assets of Charter Company equal $730,000 and its equity is $435,000. What is the amount of its liabilities? b. Total assets of Martin...

Answered: 1 week ago

Question

★★★★★
Is there a clear hierarchy of points in my outline?

Answered: 1 week ago

Question

★★★★★
B If you were on a jury in a criminal trial, what would your expectations for evidence be? Would you be willing to convict someone based on a fiber sample, even if the expert witness described it as...

Answered: 1 week ago

Question

★★★★★
2 Weve spent much of this chapter talking about the importance of outlining and of communicating your final outline clearly to your audience. How is that different from presenting your outline in...

Answered: 1 week ago

Previous Question Next Question