User Account

All Pages

How many shares of property dividends would be distributed

Assignment Help Financial Accounting
Reference no: EM132942224

Question - On March 10, 2018, Bravo, Inc. board approved a 15% shale dividends to its shareholders of record on May 1. At the time of dividend declaration, the market value of the shares is 17. Shares were received by the shareholders on June 3, including Alpha. On July 5, 750 shares were sold by Alpha Corporation for 20000.

Alpha Corporation has 100,000 shares issued and outstanding; its board approved the distribution of half of its investment in Bravo, Inc as property dividends on August 15 to its shareholders of record as of Sept 1. Alpha Corporation bought 10,000 shares of P10 par value ordinary shares of Bravo, Inc for P184,000 on January 5, 2018.

Bravo, Inc has 100,000 shares issued and outstanding. At the date of declaration the fair value of Bravo, Inc shares in the share market was 18.

Required -

1. How much would be the amount of property dividends that would be distributed by alpha on Aug. 5?

2. How many shares of property dividends would be distributed by alpha on the date of declaration on Aug. 5?

Reference no: EM132942224

Questions Cloud

Form of employers monitoring employees : Explain and describe how the degree and form of employers monitoring employees has changed as a result of new technological advancements.
Calculate a corrected amount for the ending inventory : Analyze the information and calculate a corrected amount for the ending inventory. The Whispering Winds Company has just completed a physical inventory count
How are counter arguments addressed : Can you help me find an article that presents the writer's opinion on an issue supported with facts) from the New York Times or the Wall Street Journal.
How businesses can plan for the road to recovery : Prepare an Introduction creates a context for your presentation Previews main points All elements are included and logically presented.
How many shares of property dividends would be distributed : Bravo, Inc has 100,000 shares issued and outstanding. How many shares of property dividends would be distributed by alpha on the date of declaration on Aug. 5
Calculate the accounting break-even point on the new machine : Jackson's tax rate is 34%, Jackson's tax rate is 34%, and it uses a 16% discount rate. Calculate the accounting break-even point on the new machine.
Outline the main features of political ideology : A. Outline the main features of Political Ideology. B. Explain TWO (2) differences between the Political Ideologies of Plato and Aristotle.
Explore various media published in countries : Explore various media published in countries in South Eastern Europe, as well as media targeting Northern European Countries
What is the levered roe : Jones June Bee's is currently unlevered with assets valued at $10,000. Cost of debt is 5%, and its tax rate is 35%, what is the levered ROE?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is staley co degree of operating leverage

What is Staley Co.'s degree of operating leverage (DOL) at this sales volume (i.e., at 580 units)? (Round your answer to three decimal places.)

  How much would be total variable costs

How much would be total variable costs and total fixed costs if the company processes 300 tons in a month? 400 tons in a month? 500 tons in a month

  What annual rate have sales been growing

What annual rate have sales been growing? The company's sales in 2017 were €12 million. Sales were €6 million 5 years earlier (in 2012).

  Regulation of financial reporting in australia

Identify and discuss the main sources of regulation of financial reporting in Australia.

  What amount should be shown in leopard balance sheet

To the nearest dollar, what amount should be shown in Leopard's balance sheet at December 31, 2018, net of accumulated depreciation, for this machine

  What is the correct cash balance to be reported

Petty Cash fund (P16,000) in currency and expenses receipts for (P84,000), What is the correct cash balance to be reported

  How much does Mike need to add to the fund

Assume that the fund's earnings rate rate has changed from j4=4.35% to j4=4.1% one year before the first scholarship payment. How much does Mike need

  Prepare journal entry for each transaction for wolverine

Prepare a journal entry for each the following transaction. Make sure you distinguish your debit account(s) and credit account(s) by indenting

  How are accounting standards enforced in australia

How are accounting standards enforced in Australia? Who is responsible for setting the accounting standards and how do they enforce those standards?

  What is the breakeven sales revenue

If the fixed costs are INR 1,30,000 and the sales revenue is INR 2,80,000 and the variable costs are INR 1,40,000, what is the breakeven sales revenue (BESR)?

  Compounded quarterly question markquarterly

How much money will there be in an account at the end of 7 years if ?$2000 is deposited at 5?% interest compounded quarterly question markquarterly? What is the amount at the end 7 years?

  Financial account. practice final exam and group assig #2

When a particular account receivable is determined to be uncollectible, the journal entry to write off the account reduces net income. Depreciation is the process of estimating a long-lived asset's current market value. An expenditure is capitalized ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd