Solution-How much of the dividend must be paid

How much of the dividend must be paid

Assignment Help Accounting Basics

Reference no: EM132568936

Question - A non-CCPC has an LRIP balance of $78,000 at the end of the 2015 fiscal year. In 2016, the company wishes to pay a dividend of $250,000. During 2016, prior to the payment of the dividend, the company receives eligible dividends of $35,000 and non-eligible dividends of $85,000. How much of the $250,000 dividend must be paid as a non-eligible dividend before an eligible dividend can be designated?

A. $78,000

B. $113,000

C. $163,000

D. $250,000

Reference no: EM132568936

Questions Cloud

My personal leadership development plan : Each student should prepare a "My Personal Leadership Development Plan" in a PowerPoint presentation. What have you learned about yourself?

What is its weighted average cost of capital : Assume that a not-for-profit company has $20 million of long-term tax-exempt debt with an interest rate of 6.0%. What is its weighted average cost of capital

Discuss how price controls affect a competitive market : Discuss how price controls affect a competitive market. Be sure to refer to the demand and supply model when discussing efficiency. Also discuss how equity.

Describe what smith meant by the invisible hand : Describe what Smith meant by the "invisible hand." How exactly does it function? Describe how Smith's work is a reaction to mercantilism, which dominated.

How much of the dividend must be paid : How much of the $250,000 dividend must be paid as a non-eligible dividend before an eligible dividend can be designated

Determine the amount of the original investment : Assuming a positive net present value of P10,000, determine the amount of the original investment. Virginia Company invested in a four -year project.

Evaluate any competitors existing production : Evaluate any competitors' existing production in the chosen country. Assess sales forecasts in the selected country by using the Federal Reserve of St. Louis's.

What interest rate will you pay : Celia Granda must pay today $350,000.00, as they do not have that amount available, What interest rate will you pay

Demonstrate or compute the net present value : Present value of P1 for 8 periods at 18% .266 Present value of an annuity of P1 for 8 periods 4.078.NPV Company is considering to buy a new machine

User Account

All Pages

How much of the dividend must be paid

Reference no: EM132568936

Reference no: EM132568936

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT