Reference no: EM132060852
Question - Douglas McDonald Company's balance sheet included the following shareholders' equity accounts at December 31, 2015:
Paid in capital:
Common stock, 900 million shares at $1 par = $900
Paid-in capital - excess of par = $15,800
Retained earnings = 14,888
Total shareholders' equity = $31,588
On March 16, 2016, a 4% common stock dividend was declared and distributed. The market value of the common stock was $21 per share. Fractional share rights represented 2 million equivalent whole shares. Cash was paid in lieu of the fractional share rights.
Required:
1. What is a fractional share right?
2. Prepare the appropriate entries for the declaration and distribution of the stock dividend.
|
What is the amortized fees and expenses
: To purchase 2 boilers and a 2 Mega Watts turbine, your company is considering a 10- year loan of $3,000,000 with a nominal interest rate of 12%.
|
|
Therapists use transference and counterference
: Why is it that most therapists use transference and counterference when working with children
|
|
Client with co occurring disorders
: What do you need to look put for if you have a client with co occurring disorders that you wouldn't look for in a person that is just an alcoholic.
|
|
What is the annualized holding period return
: You purchased 250 shares of General Motors stock at a price of $87.36 two years ago. You sold all stocks today for $75.61. During this period the stock paid.
|
|
Prepare the appropriate entries for the declaration
: On March 16, 2016, a 4% common stock dividend was declared and distributed. Prepare the appropriate entries for the declaration
|
|
Draw a net profit graph for buying the call option
: You purchase a call option on Swiss Franc (SFr) for a premium of $0.01 per SFr, with an exercise price of $0.65. If at the maturity date, the spot rate.
|
|
Working knowledge of the legislation
: Why is it necessary to have a working knowledge of the legislation relating to operational and associated planning?
|
|
How much is each interest payment
: Thornhill Inc., issued $2500000 of 9% bonds on June 30,2012, due on June 30, 2025 with interest payable semi-annually. How much is each interest payment
|
|
How much time does it take for a vehicle to be assembled
: At any moment of time, there are 918 vehicles on the line. How much time does it take for a vehicle to be assembled?
|