Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Danio Corp. has 380,000 shares of $3- par common stock outstanding. They have declared a 6% stock dividend. The current market price of the common
Danio Corp. has 380,000 shares of $3- par common stock outstanding. They have declared a 6% stock dividend. The current market price of the common stock is $8.00/share. What is the amount that will be credited to common stock on the date of declaration? O A. $250,800 O B. $68,400 OC. $22,800 OD. $182,400 Betta Group had a loss from discontinued operations of $130,000. If their corporate tax rate is 30%, at what amount will the loss be shown on the Income Statement? O A. $91,000 OB. $39,000 OC. $130,000 OD. Not enough information is given to answer the question. A company has 75,000 shares of $1 par, 8% preferred stock. The 8% refers to the stock's: O A. interest rate. O B. market rate. OC. paid - in capital rate. O D. dividend rate
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