Mr. R. owns 20,000 shares of ABC Corporation stock. The company is planning to issue a stock dividend. Before the dividend Mr. R. owned 10 percent of the outstanding stock, which had a market value of $200,000, or $10 per share
Upon receiving the 10 percent stock dividend the value of his shares is ________.
A) $220,000
B) $210,000
C) $200,000
D) $180,000
C
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Pilsner Company. converts its foreign subsidiary financial statements using the translation process. The company's subsidiary in the Czech Republic reported the following for 2014: revenues and expenses of 25,000,000 and 18,500,000 koruna, respectively, earned or incurred evenly throughout the year, dividends of 1,500,000 koruna were paid during the year. The following exchange rates are
available: On January 1 . 2014 .................................... $.040 On December 31 . 2014 .................................. .030 Average rate for 2014 ................................. .035 Rate when dividends were declared and paid ............ .031 Translated net income for 2014 is a. $148,500. b. $227,500. c. $175,000. d. $195,000.
Serif type doesn't show italic well
a. true b. false
For each user of accounting information, identify if the user would use financial accounting (FA ) or managerial accounting (MA )
User of Accounting Information FA or MA Business manager Creditor Stockholder Human resources director Internal Revenue Service What will be an ideal response
The total amount of manufacturing overhead costs incurred during the period is recorded on the credit side of the Manufacturing Overhead account
Indicate whether the statement is true or false