User Account

All Pages

What gain and net reduction in retained earning respectively

Assignment Help Financial Accounting
Reference no: EM132894474

Question 1: Stain Corporation owned 30,000 shares of Clear Corporation. These shares were purchased in 2017 for P270,000. On November 15, 2019, Stain declared a property dividend of one share of Clear for every ten shares of Stain held by a shareholder. On that date, when the market price of Clear was P14 per share, there were 270,000 shares of Stain outstanding. What gain and net reduction in retained earnings respectively, would result from this property dividend?

Reference no: EM132894474

Questions Cloud

Pressures on managers and decrease ethical conflicts : What might the company do to reduce the pressures on managers and to decrease the ethical conflicts?
How much tax must they pay : They welcomed their first child, Edward III, on December 31, 2020. How much tax must they pay in 2020, before applying any witholdings or credits
Treat high cholesterol : A pharmaceutical company tried to boost its sales by encouraging doctors to use its new drug, LDL Control, to treat high cholesterol.
Prepare a statement of stockholders equity : During 2013, the company had net income of $27,900. Prepare a 2013 statement of stockholders' equity for Leuz Architect Services
What gain and net reduction in retained earning respectively : There were 270,000 shares of Stain outstanding. What gain and net reduction in retained earnings respectively, would result from this property dividend?
Differences between stock dividend and stock split : Determine the key reasons why a multinational corporation might decide to borrow in a country such as Brazil, where interest rates are high,
What is the net effect on Tran overall income : The remaining fixed costs can be eliminated if the product line is discontinued. What is the net effect on Tran overall income
Construct stephenson market value balance sheet : If Stephenson wishes to maximize its total market value, would you recommend that it issue debt or equity to finance the land purchase? Explain.
What is the demand curve for good x : Suppose the present price of good X is $50, P = $100, M = $25,000, and A = 1,000 units. What is the demand curve for good X?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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