9. i._____ What is the total effect of a stock dividend on...
80.2K
Verified Solution
Link Copied!
Question
Accounting
9. i._____
What is the total effect of a stock dividend on the balance sheet?
a. Stockholders equity is decreased
b. Retained earnings is increased
c. Additional paid in capital is decreased
d. No effect total stockholders equity stays the same, but total number of shares increases
ii._____
A corporation has 50,000 shares of $100 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will be:
a. 200,000 shares.
b. 50,000 shares.
c. 250,000 shares.
d. 12,500 shares.
______10 Joes (Investor) Company owns 30% of the stock of Bird (Investee) Company. Bird Company reports profits of $200,000. Bird also pays $100,000 dividend to its shareholders during the same period. Joes Company will report equity income of:
| a. | $30,000 |
| b. | $60,000 |
| c. | $20,000 |
| d. | $140,000 |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.