Reference no: EM132550799
Question - Share dividends
Arcus Development Inc's equity section on the December 31, 2019 , balance sheet showed the following information:
Common shares, unlimited shares authorised, 210,000 shares issued and outstanding $3,360,000
Retained earnings 575,000
On January 15, 2020, the company's board of directors declared a 15% share dividend to the share-holders of record on January 20 to be distributed on January 30. The market prices of the shares on January 15, 20, and 30 were $18.90, $17.00, and $17.95 respectively.
Required -
1. Prepare the required entries for January 15, 20 and 30.
2. Prepare the equity section on the January 31, 2020, balance sheet, assuming profit earned during January 2020 was $597,500.
Analysis Component: What effect did the share dividend have on the market price of Arcus's shares and why?
What would be the average inventory level
: Ann Chovies, owner of the Perfect Pasta Pizza Parlour, If she were to order 80 pounds of pepperoni at a time, what would be the average inventory level
|
Explain the difference between leaders and managers
: Explain the difference between leaders and managers, as well as the influence and power they may have on the success of this program.
|
Macroeconomic concept is governor lowe
: On 22 February 2019 Philip Lowe, the Governor of the Reserve Bank of Australia, told the house economics committee
|
Calculate the mean and median valuation ratios
: Calculate the mean and median valuation ratios for the six peer firms and Calculate a weighted average price for DNKN and TXRH using a 0.40 weight
|
Prepare the equity section on the January
: Prepare the equity section on the January 31, 2020, balance sheet, assuming profit earned during January 2020 was $597,500
|
Aggregate supply curve of shangri la
: The shape of the aggregate supply curve of Shangri La is steep and the government applied expansionary monetary
|
Natural level of output
: If the economy is at its natural level of output, and then there is an increase in productivity ( example due to new technology)
|
Central bank of saudi arabia
: The central bank of Saudi Arabia (Saudi Arabian Monetary Authority or SAMA) has pegged (fixed) the country's currency
|
Find How many items need to be counted each? day
: Lindsay? Electronics, a small manufacturer of electronic research? equipment, has approximately, How many items need to be counted each ?day?
|