The 2:1 split of shares (stock split-up) to. decreases par value per share and increases total equity. b. decreases par value per share without affecting total equity. C. increases par value per share without affecting total equity.
Q: On January 1 of its first month of business, Bags Bunny, Inc., paid $74,000 for six months rent begi...
A: Introduction: Income statement: All revenues and expenses are shown in Income statement. It tells th...
Q: Required:
A: Income refers to the earnings that are received in the normal course, either by the individual as sa...
Q: (a) Calculate and determine the break-even points (in sales dollars and units) for each product type...
A: In Marginal Costing we calculate contributionmargin by deducting...
Q: The following information is available for the two production departments (machining and assembly) ...
A: Overhead refers to ongoing business expenditures that are not directly tied to the development of a ...
Q: Which of the following is excluded from gross income? a. Winnings of Manny Pacquiao from his boxing...
A: Gross Income In Philippines taxes the items which are included in the gross income of the individual...
Q: 4. Discount Note On December 31, 2020, your firm provided the services to the high-end clientele an...
A: In case of multiple question 1st question is solved and incase of question with multiple subpart 1st...
Q: Jefferson Inc. has the following information for the month of September. The company applies OH cost...
A: Solution... Actual manufacturing overhead costs = Variable overhead + fixed overhead = $2,320 ...
Q: BALAH TRANS DATE WITHDRAWAL DEPOSIT CODE 0.00 T16/17 Balance Forwar ded 100.00 26576 DP 011617 2 011...
A: In the present case, The compounding frequency can be determined by finding the number of times each...
Q: Losses Based or Lewis Company uses th al credit sales which were $1,500,000 during the year. On Dece...
A: An accounting adjustment which defined as a business transaction which is not being written in the a...
Q: of the partne claims exce er two partm
A: Given: Mactal capital balance=P 350,000 Macadang capital balance =P 250,000 Pangan capital balance =...
Q: On July 1, 2014, Acting Company established an imprest (petty Cash) fund in the amount of $800.00 in...
A: Imprest (Petty Cash) System is an accounting system that is created for tracking and documenting how...
Q: A business purchased a new car at the start of October for $16,800 cash. The car has a useful life o...
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as D...
Q: Crossfire Company segments its business into two regions-East and West. The company prepared a contr...
A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are allow...
Q: Given the building layout for Store A, Store B, Store C, and Store D, what portion of the shared $60...
A: Ans. $ 2400
Q: ABC County Established in 2014 a Cafeteria for the use of its employees and the public. The followin...
A: Income and expenditure account: It is a financial statement that calculates the net income generat...
Q: On January 1, 2016, Mary Co. issued its 10% bonds in the face amount of P 1,500,000 which mature on ...
A: A bond is a fixed-income investment vehicle that represents an investor's obligation to a borrower (...
Q: Explain the following terms. Include the definition, how they are calculated, treated in the account...
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for...
Q: The 6% capital gains tax does not apply to a) Resident citizen b) Domestic corporation c) Foreign c...
A: Capital gains tax are the one which are to be paid over the sale of capital asset from which gain ha...
Q: Ridley Corporation is a manufacturing company in the Caribbean. The company sponsors a defined benef...
A: Pension expense is the cost to employer to maintain the employee's pension plan. The employee's pens...
Q: The patent, which originally cost P 17,000, is being amortized to Administrative Expense over a 17-y...
A: The entries passed in the books of accounts in order to fix the errors or incorrect entries which ha...
Q: Dabin Company purchased a P1,000,000 ordinary life insurance policy for its president. The beneficia...
A: Dividend received from insurance company shall be adjusted with premium amount of a life insurance.
Q: nstructions: Enter your answers lecimal places.
A: This is a multiple part question in which different cases are given which we have to solve
Q: Suppose Columbia Sportswear Company (USA) had accounts receivable of $205,025,000 at the beginning o...
A: Cash receipts from the customers = Beginning Accounts Recivable + Sales revenue - Ending Accounts Re...
Q: On January 1, 2021, Family Company purchased 10% of San Company's 100,000 outstanding ordinary share...
A: Reported Income : Consequently, the investor's part of the joint venture's revenues and losses is in...
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year roun...
A: Level of Units = (Total Fixed Cost + Total Net Income)/ Contribution margin per unit where Contribut...
Q: Number of Units Unit Cost Sales Beginning inventory 900 $50 Purchased 640 52 Sold 400 $100 Sold 350 ...
A: >Cost flow from units purchased to Cost of goods sold can be done using either of the 4 methods: ...
Q: Compute the taxable compensation income. a. 1,305,000 b. 1,325,000 c. 1,150,000 d. 1,285,000
A: The question is related to the taxation. The detailed are given. The 13th month pay is taxable up to...
Q: Butterfly Limited has finalised its budget for 20X8 and sales are anticipated to be £243,600 in Janu...
A: The question is related to Cash Budget. Cash Budget is the Statement of cash receipts and cash payme...
Q: Your company has net sales revenue of $43 million during the year. At the beginning of the year, fix...
A: Fixed asset turnover ratio = Net sales revenue/Average fixed assets, where, Average fixed assets = (...
Q: Agrix Company grants its managerial employees the privilege to select a car of their choice with val...
A: Value of fringe benefit provided to manager who did not meet the requirements = 40% x P1000000
Q: cost of the ending work in process is closest to
A: Materials per unit = 229000/(40900+16800) = 229000/57700 = 3.9688 or 4
Q: Helix Corporation uses the weighted-average method in its process costing system. It produces prefab...
A: Solution: Units transferred out during the month of May = Units in beginning WIP + Units started - U...
Q: On January 1, 2020, Soledad Company purchased 10% bonds with face amount of P3,000,000. The bonds ma...
A: Profit or loss on reclassification is the difference between the revised carrying value and amortiz...
Q: The Assistant Manager of Ridley Corporation is seeking your advice as the accountant, in dealing wit...
A: Answer:-1 Report indicating the appropriate accounting treatment:- Journal entry:- Date Particu...
Q: Focus company accounts for its 10% interest in Bee Company using the cost method. This investment wa...
A: The carrying amount of investment on the last date of the period is the sum total of the investment ...
Q: A construction company borrowed money at 10% per year interest to purchase new heavy equipment nee
A: All sorts of future cash flows in respect of adding interest on present value are known as future va...
Q: Pebble Beach Company buys a piece of equipment for $51,000. The equipment has a useful life of six y...
A: Depreciation expense refers to the fall in the value of the asset due to time usage, wear and tear, ...
Q: Selected sales and operating data for three divisions of different structural engineering firms are ...
A: ROI is the return on investment. It basically means the amount earned by investing in some asset or ...
Q: ba
A: Annual depreciation = (Cost of the assets - residual value)life of the assets = (P22,000,000 - 2,00...
Q: 1 Third party liability auto insurance is mandatory coverage. True B) False 2 Under an automobile's ...
A: Answer 1 Correct option (A): TRUE According to the motor vehicles Act, third party Insurance is a m...
Q: Bay Company holds 60,000 of Fay Company's 200,000 outstanding shares and 8,000 of Hay Company's 400,...
A: Dividend: A dividend is a payment made by a firm to its shareholders in exchange for its earnings. D...
Q: . Taxpayer incurred the following for the taxable period: Supplies purchased P80,000 Supplies used 2...
A: Under Cash basis, expenses shall be Deductible only when actually paid. Amortization and unpaid exp...
Q: Keynes believed that business leaders behaved rather like sheep when they made their business invest...
A: Making an investment choice It refers to how a business's finances will need to be invested in vario...
Q: Cash dividends are paid based on the number of shares to. outstanding. b. issued (issued). C. author...
A: Dividends is paid to the share holders for the money which is being invested in the company as share...
Q: 2. Explain the difference between data and information.
A: The question is related to Difference between data and information.
Q: 30 Which of the following are some of the defining characteristics of total quality management? . O ...
A: total quality management is such management approach that places emphasis on continuous improvement ...
Q: uyer. follows: Selling price P800,000 Cost 300,000 Expenses on sale 50,000 Compute the capital gains...
A: Capital gain means increase in value of capital assets and realized when the assets sold. Capital ga...
Q: At the beginning of the current year, Big Company purchased 25% of the outstanding ordinary shares o...
A: Particulars Working Amount(P) Acquisition Cost 5,000,000 Less: Net Assets Acquired P16,...
Q: Budgets identify, gather, summarise, and communicate: a) Financial data only. b) Financial and non-f...
A: Budgeting is the process of identifying, gathering, summarizing, and communicating financial and non...
Q: Pemberley Marine Ltd has a boat that it acquired some months ago at a cost of £8,000. The boat need...
A: In this question, we are required to calculate the amount at which boat with new engine should be so...
Step by step
Solved in 4 steps
- What is the difference between a stock dividend and a stock split? As a stockholder, would you prefer to see your company declare a 100% stock dividend or a 2-for-1 split? Assume that either action is feasible.How does a 2: 1 stock split (stock-split-up) affect the following two items? Par Value per Share Retained Earnings Select one: to. Increase Has no effect b. Decrease Decrease c. Decrease Has no effect d. Has no effect Has no effectA 2-for-1 stock split is declared. In this case, which of the following statements is true? A. The retained earnings fall. B. The common stock account rises. C. The cash account declines. D. The par value of the common stock is reduced.
- Flexsteel is giving out a large stock dividend. This would: A. Results in a transfer of retained earnings to the common stock account B. Reduces the par value per share by the percentage of the additional shares issued. C. Is accounted for in exactly the same manner as a stock split D. Results in a transfer of retained earnings to common stock and additional paid in capitalA stock split. Select one: 1. Will have no effect on the par value per share of stock? 2. Will decrease par or stated value 3. will increase the total par value of the stock 4. Will increase total paid in capitalIn the context of choosing a share repurchase over declaring dividends, a share repurchase would *a. Decrease available financing whereas declaring dividends increase available financing.b. Increase earnings per share by decreasing the number of shares outstanding.c. Decrease earnings per share by decreasing dividends payabled. invlove all shareholders.
- Which of the following decreases total equity? A. A stock split B. Recording Revenue C. The purchase of Treasury Stock D. Issuance of Convertible preferred stockAnswer the following as True or False, and then select the correct multiple choice answer: _________Declaring and paying a stock dividend decreases both Retained Earnings and Stockholders' Equity in total on the balance sheet ________Stock splits have no impact on Stockholders' Equity, but do change the par value of the stock. _______ Treasury Stock is considered a contra-equity account and therefore decreases the company's total Stockholders' Equity balance.1. Statement 1: A split up increases the number of shares held and decreases the cost per share. Statement 2: A stock dividend is recorded as a credit to dividend income. a. Only statement 1 is true b. Only statement 2 is true c. Both statements are true d. Both statements are false
- Which of the following results in increasing basic earnings per share? Select one: a. Paying more than carrying value to retire outstanding bonds. b. Issuing cumulative preferred stock. c. Repurchase of common shares. d. Issuing a 2:1 stock split. e. All of these increase basic earnings per share.The primary purpose of a stock split is to a. reduce the market price of the stock per share. b. increase paid-in capital. c. increase retained earnings. d. increase the market price of the stock per share.Share Premium account is recorded as a credit when- a) Shares are sold higher than par value b) Shares are sold less than the par value c) Shares are sold at par value d) All of these