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

Question

1 Approved Answer

Question 5 Not yet answered Marked out of 1.00 P Company has 59831 shares issued and outstanding On March 1, 2018 declared a 2 for

image text in transcribed

Question 5 Not yet answered Marked out of 1.00 P Company has 59831 shares issued and outstanding On March 1, 2018 declared a 2 for 1 stock split when the market value was $19 per share On July 1, 2018 declared a cash dividend of of $1.05 per share Flag question The effect on retained earnings of this transaction is an increase/(decrease) of: Answer: 62822.55

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_2

Step: 3

blur-text-image_3

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

The TL 9000 Guide For Auditors

The TL 9000 Guide For Auditors

Authors: Mark Kempf

1st Edition

087389510X, 978-0873895101

More Books

Students also viewed these Accounting questions

Question

★★★★★
Pices Corporation has assembled the following information related to the purchase of a new automated postage machine: Using incremental analysis and only relevant information, compute the difference...

Answered: 1 week ago

Question

★★★★★
Dori is 58 years old and retired in 2016. She receives a pension of $25,000 a year and no other income. She wishes to put the maximum allowed into an IRA. How much can she contribute to her IRA?

Answered: 1 week ago

Question

★★★★★
A doctor has scheduled two appointments, one at 1 P.M. and the other at 1:30 P.M. The amounts of time that appointments last are independent exponential random variables with mean 30 minutes....

Answered: 1 week ago

Question

★★★★★
On December 31 of last year, the balance sheet of Korab Company had Accounts Receivable of $149,000 and a credit balance in Allowance for Uncollectible Accounts of $10,150. During the current year,...

Answered: 1 week ago

Question

★★★★★
Due to erratic sales of its sole product-a high-capacity battery for laptop computersPEM, Inc., has been experiencing financial difficulty for some time. The company's contribution format income...

Answered: 1 week ago

Question

★★★★★
Flowcharts Blank______. Multiple select question. have become a popular documentation method for auditors involve considerable time and effort help the audit team assess the key control points in the...

Answered: 1 week ago

Question

★★★★★
A friend has asked you to help him figure out a statement he received from his broker. It seems that that at the start of last year, your friend paid $900 for a bond and sold it at the end of the...

Answered: 1 week ago

Question

★★★★★
You are told that P(A) = 0.4, P(B) = 0.5 and P(A or B) = 0.68 What is the value of P(A and B)? Please provide your answer in decimal form or percentage form, correctly rounded to two decimal places.

Answered: 1 week ago

Question

★★★★★
Trish Harris has deposited $2500 today in an account paying 6 per cent interest annually. What would be the simple interest earned on this investment in five years? If the account paid compound...

Answered: 1 week ago

Question

★★★★★
Mr. Lee was intending to enroll in MaxCares Medicare Advantage plan this year. However, due to his current medical condition, his daughter Debbie has been appointed as his legal representative over...

Answered: 1 week ago

Question

★★★★★
Critically assess section 4 [Exclusions] of Ghanas Electronic Transactions Act, 2008 (Act 772) in terms of its effect on e-commerce technology innovation in Ghana in the light of the UNCITRAL Model...

Answered: 1 week ago

Question

★★★★★
Employ effective vocal cues Employ effective visual cues

Answered: 1 week ago

Question

★★★★★
3 Might there be some middle ground? Could you adjust the topic to focus on verifiable facts? For example, you could investigate whether banning dogs would lower the insurance premiums paid by the...

Answered: 1 week ago

Question

★★★★★
Clearly transitions help to clarify messages and keep them flowing in oral and written forms of communication. But do transitions function similarly in mediated communication contexts? For example,...

Answered: 1 week ago

Previous Question Next Question