User Account

All Pages

What was the effect on concord retained earnings

Assignment Help Accounting Basics
Reference no: EM132148349

Question - On January 1, 2018, Concord Corporation, declared a 10% stock dividend on its common stock when the fair value of the common stock was $32 per share. Stockholders' equity before the stock dividend was declared consisted of:

Common stock, $10 par value, authorized 200,000 shares; issued and outstanding 122000 shares $1220000

Additional paid-in capital on common stock 149000

Retained earnings 713000

Total stockholders' equity $2082000

What was the effect on Concord's retained earnings as a result of the above transaction?

a. $195200 decrease

b. $390400 decrease

c. $634400 decrease

d. $317200 decrease

Reference no: EM132148349

Questions Cloud

Describe the peer group or important relationships : Think and reflect about your adolescence. Think and imagine back to a time in your adolescents, between the ages of 15-17.
Implementing a comprehensive job evaluation process : Explain the benefits of implementing a comprehensive job evaluation process with clearly defined performance goals and metrics.
Analyze the value of motivation : Analyze the value of motivation. give an exxplanation of a professional experience where your degree of motivation impacted the outcomes of the situation.
Conduct a job evaluation : Describe the procedures/guidelines used by HR to conduct a job evaluation.
What was the effect on concord retained earnings : Common stock, $10 par value, authorized 200,000 shares; What was the effect on Concord's retained earnings as a result of the above transaction
Recognition of exemplary performance : If health care employees are happy in their jobs, do you all see incentives as a major issue in employees deciding to remain at a place of employment?
Develop the best strategy for entering the market : Envision you and a handful of colleagues wish to start a business. In order to develop the best strategy for entering the market, you need to conduct a strength
When you have calculated your daily internet usage : When you have calculated your daily Internet usage, determine if you are a "normal" Internet user or a "power" Internet user.
Define the consolidated clinical document architecture : Define the consolidated clinical document architecture (CCDA) messaging framework and describe its benefits and challenges.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd