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Please explain step by step how to solve equation and don't round numbers. Thank you! June 15, 2017 P declared a dividend of 53773 shares
Please explain step by step how to solve equation and don't round numbers. Thank you!
June 15, 2017 P declared a dividend of 53773 shares of its investment in S, an unrelated party payable on June 30, 2017 the carrying amount on P's books of S's was $28 per share the market value of S's was $20 per share a. On the declaration date, June 15, 2017 the investment in S will increase/(decrease) by: -430184 b. On the declaration date, June 15, 2017 the gain/(loss) for investment in S will increase/(decrease) by: 430184 c. On the declaration date, June 15, 2017 retained earnings will increase/(decrease) by: 1075460 d. On the declaration date, June 15, 2017 dividends payable will increase/(decrease) by: 1075460 e. On the payment date, June 30, 2017 dividends payable will increase/(decrease) by: 1075460 f. On the payment date, June 30, 2017 investment in S will increase/(decrease) by: 1075460 xStep by Step Solution
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