Which of the following statements is true regarding dividend income?
a. Dividend income is accrued at year-end.
b. Dividend income is reported on the income statement.
c. Dividend income appears in the stockholders' equity section of the balance sheet.
d. Dividend income is recognized by companies that own debt securities.
b
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In most possession-processing services, the customer's involvement is usually limited to dropping off the item that needs treatment, requesting the service, explaining the problem, and returning later to pick up the item and pay the bill
Indicate whether the statement is true or false
Which of these statements would best explain your qualifications in the body of a cover message?? A) ?I am a qualified and fully certified criminologist
B) ?Training in crisis prevention and emergency response has prepared me to serve and protect your community at the River Valley Campus. C) ?You need a licensed criminologist, and I meet those qualifications. D) ?With my bachelor's degree from Luther College, I am well-prepared and eager to apply my knowledge in criminology.
Last year Jandik Corp. had $295,000 of assets (which is equal to its total invested capital), $18,750 of net income, and a debt-to-total-capital ratio of 37%. Now suppose the new CFO convinces the president to increase the debt-to-total-capital ratio to 48%. Sales, total assets and total invested capital will not be affected, but interest expenses would increase. However, the CFO believes that better cost controls would be sufficient to offset the higher interest expense and thus keep net income unchanged. By how much would the change in the capital structure improve the ROE? Do not round your intermediate calculations.
A. 2.60% B. 2.37% C. 2.50% D. 2.13% E. 1.64%
Sunapee Corporation reported taxable income of $700,000 from operations for 20X3. During the year, the company made a distribution of land to its sole shareholder, Jean McCarthy. The land's fair market value was $125,000 and its tax and E&P basis to Sunapee was $75,000. Jean assumed a mortgage attached to the land of $25,000. Sunapee's tax rate is 21 percent. Compute Sunapee's total taxable income and federal income tax paid because of the distribution. Using your solution, compute Sunapee's current E&P for 20X3.
What will be an ideal response?