On January 1, 2021, Swifty Corporation had 106000 shares of its $5 par value common stock outstanding. On June 1, the corporation acquired 10300 shares of stock to be held in the treasury. On December 1, when the market price of the stock was $13, the corporation declared a 15% stock dividend to be issued to stockholders of record on December 16, 2021. What was the impact of the 15% stock dividend on the balance of the retained earnings account?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On January 1, 2021, Swifty Corporation had 106000 shares of its $5 par value common stock outstanding. On June 1, the corporation acquired ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Without Data Corporation's consent, Elias hacks into the firm's computers and downloads trade secrets and other confidential information. Most likely, Elias is liable for the tort of a. battery. b. appropriation. c. conversion. d. trespass to land.
Answers (2)
Which transaction would cause one asset to increase and another asset to decrease? a. the owner invested cash in the business. b. the business paid a creditor. c. the business incurred an expense on credit. d. the business bought supplies for cash
Answers (1)
An investment project provides cash inflows of $745 per year for eight years. What is the project payback period if the initial cost is $1,700? What if the initial cost is $3,300? What if it is $6,100? Ross, Stephen, Ross, Stephen.
Answers (1)
Under what circumstances (if any) should non-government organizations, international organizations, and donors be willing to pay higher prices for products manufactured in limited resource settings
Answers (1)
A contract for a sale of land from Beachfront Properties Inc. to City Development Corporation contains an erroneous legal description. The appropriate remedy for these parties is most likely a. damages. b. specific performance. c. reformation. d.
Answers (1)
New Questions in Business
Joseph is reviewing secondary data his company collected about seasonal variations in consumer spending because he is thinking about developing a new product line. The advantages of using these data include
Answers (1)
When managers use a management information system, no management action is needed if a activities are performed as planned and standards are met b all employee performance reviews are completed on schedule c there are no changes in the organization
Answers (2)
Macy Corporation's relevant range of activity is 8,100 units to 16,500 units. When it produces and sells 12,300 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 5.50 Direct labor $ 3.
Answers (1)
In which part of the world will one find over 50 percent of the population described as unaffiliated with the remainder of the population either buddhist or affiliated with a folk religion?
Answers (1)
Criteria for selecting a social network often includes an analysis of the characteristics of the site visitors.
Answers (1)