Julia owns 1,000 shares of Orange Corporation. This year, Orange declared a 10% stock dividend. There was no option for shareholders to receive cash. When Julia received 100 shares of Orange stock, it had a fair market value of $50 a share. How much income does Julia have from the dividend?
A. $50,000
B. $0
C. $50
D. $5,000
Answer: B
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Strods Company reported the following purchases and sales for its only product. Strods uses a periodic inventory system. Determine the cost assigned to cost of goods sold using LIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory340 units @ $19 5Purchase315 units @ $21 10Sales 235 units @ $2915Purchase195 units @ $22 24Sales 185 units @ $30
A. $8360 B. $9005 C. $8350 D. $8140 E. $9015
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = IDecrease = DNo Effect = NVancouver Co. paid a $50,000 cash dividend to its shareholders on July 5, Year 1, which was 2 months after Vancouver declared the dividend.AssetsLiabilitiesEquityRevenuesExpensesNetIncomeCash Flow? ?????
What will be an ideal response?
If a landlord evicts a tenant for complaining to a government agency about the condition of the dwelling, its habitability, or housing code violations, he or she has committed a(n)_________
Fill in the blank(s) with correct word
Another term for the stated value or face value of a stock is its
A) book value. B) liquidation value. C) par value. D) proxy value.