How much does additional paid-in capital account increase

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(1) Fox Co. was sued in 2020 and before issuing the financial statements Fox estimates an 80% chance that they will eventually incur a loss that can only be reasonably estimated within a range of $5m to $9m, no single amount being a better estimate than any other. How much is Fox's 2020 net income expected to decrease for this loss if Fox is a US public company vs. an IFRS reporting company, respectively?

(2) Fox Inc. had 200,000 shares of $1 par common stock outstanding when they declared a stock dividend of 60,000 shares when share market price was $10. In Fox's entry on declaration, how much does the additional paid-in capital account increase?

Reference no: EM132954717

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