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I posted this question on chegg before but the expert solving it did 543/0.68 for the first step. I am unsure where the 0.68 came
I posted this question on chegg before but the expert solving it did 543/0.68 for the first step. I am unsure where the 0.68 came from. The way they solved for requirement 4 was very confusing as well. For the expert solving this, please be clear and write out formulas you use to solve this question.
Statement of changes in shareholders' equity 020. The company wos founded in 2017 and issued 460 milion commori The the income statement? (Round your answer to the nearest million) e dollar] answer to the nearest whole dollar.) Tr in which they occurred. What was the percentage of the stock dividend? Thai Food Specialties inc, reported the folowing statement of changes in shareholsees' equily for the yoar ended dune 30 , 2020 . The coenpany was foundod in 2017 and istued too mill on common shares. There had been no futher shase transactions unst 2020. (Click the icon to view the statement of changes in shareholders' equity.) Requirement 1. The income tax rate is 32 percent. How much income belore income tax did Thai Food Specialtes repoct on the income statement? (Round your answer to the nearest inilison.) Thal Food Spocabes reported 5 million of income before income tax. Requirement 2. What is the stated value of a common share at June 30,2019 ? (Round your answer to the nearest whole dollar) The stated value of common shares at June 30,2019 is 3 per share. Requirement 3. At what proe per share did Thai Food Speciabes issue its common shares during the year? (Round your answer to the neareat whole dollar) The price per share of common shares issued durng the year was 4 per share. Requirement 4. Thai Food Specialties's statement of changes in shareholders' equity lats the share transacfons in the order in which they occurted. What was the percentage of the stork dividend? Round to the nearost porcentage. The stock dividend percentage was percent Step by Step Solution
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