subject
Business, 16.07.2021 02:00 joseperez1224

xyz's corporation has an investment in 20,000 shares of wallace company common stock with a cost of $872,000. these shares are used in a property dividend to stockholders of xyz's. the property dividend is declared on may 25 and scheduled to be distributed on july 31 to stockholders of record on june 15. the fair value per share of wallace stock is $63 on may 25, $66 on june 15, and $68 on july 31. the net effect of this property dividend on retained earnings is a reduction of

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 10:00, bob7220
Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?
Answers: 3
image
Business, 23.06.2019 00:00, AaronMicrosoft15
Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?
Answers: 3
image
Business, 23.06.2019 04:40, maguilarz2005
2. a computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000, and an estimated useful life of five years. determine the second year’s depreciation expense using the straight-line method.
Answers: 3
image
Business, 23.06.2019 11:00, SillyEve
If quotas on sugar were eliminated in the united states, domestic production of sugar would fall. why is this a benefit in economic terms for the united states? i. resources are freed up that could be used more efficiently elsewhere. ii. it is beneficial because it allows foreign producers of sugar to earn income and thus those countries are better off. iii. u. s. consumers are able to enjoy increased consumer surplus because of the lower prices of imported sugar.
Answers: 1
You know the right answer?
xyz's corporation has an investment in 20,000 shares of wallace company common stock with a cost of...

Questions in other subjects:

Konu
Physics, 20.11.2020 01:00
Konu
Social Studies, 20.11.2020 01:00
Konu
Chemistry, 20.11.2020 01:00