Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Sonali you know how to use google? i am sure you do. What a drama This is based on the 10-K for the year ended
Sonali you know how to use google? i am sure you do. What a drama
This is based on the 10-K for the year ended December 31, 2020 for Tesla, Inc. You can obtain Tesla's 10-k from its corporate web site. Financial information is available there by selecting the tab "Investor Relations." Unless otherwise indicated, all questions relate to the current annual financial statements. 1. Corporations can elect to incorporate in any state. The corporation is then bound by the laws of that state. a. In what state is Tesla incorporated? b. In what state is Tesla's corporate headquarters? 2. At the end of 2020, on how many shares of stock could Tesla pay a cash dividend? 3. During 2020, how much did Tesla distribute as cash dividends? 4. At the end of 2020, what was the total amount of Tesla's contributed capital? 5. Tesla has an accumulated deficit instead of retained earnings. Why caused the accumulated deficit? 6. In aggregate, what journal entry did Tesla make to record the common stock that it issued in 2020? 7. In August of 2020, Tesla announced a five-for-one-split of the firm's common stock. This is mentioned in Note 1, Overview. How did Tesla record or deal with this transaction? This is based on the 10-K for the year ended December 31, 2020 for Tesla, Inc. You can obtain Tesla's 10-k from its corporate web site. Financial information is available there by selecting the tab "Investor Relations." Unless otherwise indicated, all questions relate to the current annual financial statements. 1. Corporations can elect to incorporate in any state. The corporation is then bound by the laws of that state. a. In what state is Tesla incorporated? b. In what state is Tesla's corporate headquarters? 2. At the end of 2020, on how many shares of stock could Tesla pay a cash dividend? 3. During 2020, how much did Tesla distribute as cash dividends? 4. At the end of 2020, what was the total amount of Tesla's contributed capital? 5. Tesla has an accumulated deficit instead of retained earnings. Why caused the accumulated deficit? 6. In aggregate, what journal entry did Tesla make to record the common stock that it issued in 2020? 7. In August of 2020, Tesla announced a five-for-one-split of the firm's common stock. This is mentioned in Note 1, Overview. How did Tesla record or deal with this transactionStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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