What is the increase in current liabilities

Assignment Help Accounting Basics

Reference no: EM132850598

Question - Mark declared a 5% share dividend on 100,000 issued and outstanding shares of $20 par value, which had a fair value of $50 per share before the share dividend was declared. The share dividend was distributed 60 days after the declaration date. What is the increase in current liabilities as a result of the Share dividend declaration?

a. 0

b. 250,000

c. 100,000

d. 150,000

Reference no: EM132850598

Questions Cloud

Summarized the number of different species : A small ecotourism park in Costa Rica is interested in promoting wildlife viewing opportunities on its property to prospective visitors. The park manager

Describe privacy and security issues related to social media : Describe the privacy and security issues related to this social media posting. Privacy breaches are serious offenses that negatively affect the trust.

What percent of adorable are less than 4 pounds : Answer the following questions, using the Empirical Rule. What percent of adorable are less than 4 pounds?

Connection between marijuana and crime : Marijuana is the most commonly used illegal drug among criminal offenders as evidence of a connection between marijuana and crime?

What is the increase in current liabilities : The share dividend was distributed 60 days after the declaration date. What is the increase in current liabilities as a result of the Share dividend declaration

Interpret the research and the variables and statistics : If we take the time to look and think, we can find statistics all around us. Our role as educated consumers of research is to learn how to appropriately interpr

Post the June journal entries to the ledger account : Post the June journal entries to the ledger account - June 1. Began business by depositing $20,000 in a bank account in the name of the company

How social determinants of health for older adult are impact : Healthy aging is an important public health issue, Discuss how social determinants of health for the older adult are impacted for those living in poverty.

Definitely could have engaged in strategic planning : The organization definitely could have engaged in strategic planning or a period where it definitely should not have engaged in strategic planning.

User Account

All Pages