Question
this is one question with 4 parts : which of the following dividend types is different in terms of its effect on retained earnings Liquidating
this is one question with 4 parts :
which of the following dividend types is different in terms of its effect on retained earnings
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Liquidating dividends
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Stock dividends
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Cash dividends
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Property dividends
ABC corp has 100,000 shares of $10 par common stock outstanding.The current market price of the stock is $50 per share.
if ABC declares and distributes a 20% stock dividend, additional paid in capital will increase by?
A.$0
B.$200,000
C.$800,000
D.$1,000,000
On March 31, 2013 fuli Co. issued 2,000 shares of common stock ($ 10 par) and 1,000 shares of preferred stock ($100 par) to Sami Inc. for a lump sum of $ 180,000. At the time of the issuance, the common stock and preferred stock had a market value of $ 25 and $ 150 per share, respectively. Under the proportional method, the total amount allocated to the common stock is:
$ 45,000
$ 50,000
$ 180,000
$ 200,000
Which of the following statements are false under the allowance method for recording uncollectibles?
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Writing off accounts receivable reduces net income
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Collections of accounts receivable previously written off do not affect net income
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Recognition of bad debt expense reduces net receivables
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Writing off accounts receivable reduces net receivables
A.1 and 3
B.2 and 4
C.2 and 3
4. 1 and 4
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