***Please show how to get answers*** 5. On June 30, the board of directors...
60.1K
Verified Solution
Link Copied!
Question
Accounting
***Please show how to get answers***
5. On June 30, the board of directors of Sandals, Inc. declares a 100% stock dividend on its 30,000, $1 par, common share. The market price of Sandals common stock is $35 on June 30. The effect of the issuance of stock dividend is A. decrease retained earnings by 30,000 B. decrease retained earnings by 1,050,000 C. increase common stock by 1,050,000 D. increase additional paid-in capital by 30,000 6. Financial information for Ocean View includes the following selected data ($ in millions): Net Income Dividends on preferred stock Treasury Stock Average shares outstanding Stock Price $258 $40 $50 $300 $24.04 How much is the earnings per share? A. 0.73 B. 0.86 C. 0.99 D. 0.62
Answer & Explanation
Solved by verified expert
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: Zin AI - Your personal assistant for all your inquiries!
