Business, 10.08.2021 04:10, sheabenitez305

Melvern's Corporation has an investment in 5,000 shares of Wallace Company common stock with a cost of $218,000. These shares are used in property dividend to stockholders of Melvern'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 market 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:. A) 340,000
B) 330,000
C) 315,000
D) 218,000

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:00, whitakers87

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:

Answers: 2

continue

Business, 22.06.2019 17:10, suxy16

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)

Answers: 3

continue

Business, 22.06.2019 21:00, legazzz

Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations.

Answers: 1

continue

Business, 23.06.2019 02:00, ameyl

Which type of unemployment would increase if workers lost their jobs because their positions were replaced by an automated process? a) cyclical b) frictional c) international d) structural

Answers: 1

continue

Do you know the correct answer?

Melvern's Corporation has an investment in 5,000 shares of Wallace Company common stock with a cost...