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

Question

1 Approved Answer

On 28 February 2024. Xavier Ltd declared and distributed an 8% share dividend (bonus issue), At that date the entity's total share capital was $180

image text in transcribed
On 28 February 2024. Xavier Ltd declared and distributed an 8% share dividend (bonus issue), At that date the entity's total share capital was $180 000, fully paid to $1. The market price of the shares on 28 February was $1.10. What is the effect of this dividend on Xavier Ltd's total shareholders' equity? No effect Increase of $14 400 & Decrease of $14 400 an increase of $15 840

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

Accounting For Managers Text And Cases

Accounting For Managers Text And Cases

Authors: William J. Bruns

3rd Edition

0324291213, 978-0324291216

More Books

Students also viewed these Accounting questions

Question

★★★★★
A patient alleged that she was raped by a mental health assistant at a residential treatment facility. Prior to the rape, the assistant had administered medication to incapacitate the woman. Before...

Answered: 1 week ago

Question

★★★★★
36. Find the truth table that describes the following circuit: Z F

Answered: 1 week ago

Question

★★★★★
Explain what characterizes robust knowledge, how to recognize it, and how teaching can develop robust knowledge.

Answered: 1 week ago

Question

★★★★★
Morton Financial must decide on the percentage of available funds to commit to each of two investments, referred to as A and B, over the next four periods. The following table shows the amount of new...

Answered: 1 week ago

Question

★★★★★
The following information was presented in the balance sheet of Gloria Company as of December 31, 2014: T rade accounts receivable, net of allowance for uncollectibles of $100,000 $1,600,000 Which...

Answered: 1 week ago

Question

★★★★★
Suppose that the expected ROI is given twice the weight assigned to each of the remaining criteria. ( Sum of weights should remain the same as in part ( a ) . ) Does this modification affect the...

Answered: 1 week ago

Question

★★★★★
Zhang incorporated her sole proprietorship by transferring inventory, a building, 100 percent of the corporation's stock. The property transferred to the corporati and adjusted tax bases: FMV...

Answered: 1 week ago

Question

★★★★★
Miller Company's contribution format income statement for the most recent month is shown below: Sales (20,000 units) Variable expenses Contribution margin Fixed expenses Total $ 300,000 180,000...

Answered: 1 week ago

Question

★★★★★
Table below shows the concentration of dissolve oxygen for a BOD test, diluted by 100. Time (days) Diluted sample DO (mg/L) 0 7.95 1 3.75 2 3.45 3 2.75 4 2.15 5 1.8 i. Determine BOD5 ii. Given the...

Answered: 1 week ago

Question

★★★★★
Why are Confidence intervals often misinterpreted and commonly confused with the probability that something is likely to happen

Answered: 1 week ago

Question

★★★★★
A goes to B's shop & purchases a silk saree thinking that it is made ofBanarast silk. The shopkeepers knows that 'A's thinking is wrong. Hehowever, does not correct 'A's impression latter on, when 4...

Answered: 1 week ago

Question

★★★★★
What are the HRM implications of this type of merger?

Answered: 1 week ago

Question

★★★★★
What, if any, significant changes to operations at Tim Hortons have you noticed since the merger?

Answered: 1 week ago

Question

★★★★★
What is an RPIC, and where was it required?

Answered: 1 week ago

Previous Question Next Question