Homework Answers
Answer -
$ 76,500
Explanation -
Dividend revenue should be recognised when it is declared and paid. As in the given case , dividend has been paid of $ 3 on all outstanding shares. As shares acquired in jan 2021 and dividend has been paid for 2021 in December, so dividend revenue will be -
No of shares * dividend per share
25,500 * 3
= $ 76,500
Add Answer to:
Zwick Company bought 25,500 shares of the voting common stock of Handy Corporation in January 2021....
5 points Save Answ Zwick Company bought 26.000 shares of the voting common stock of Handy...
5 points Save Answ Zwick Company bought 26.000 shares of the voting common stock of Handy Corporation in January 2021 In December, Handy announced $205.300 net income for 2021 and declared and paid a cash dividend of $7 00 per share on all 206.000 shares of its outstanding common stock Zwick Company's dividend revenue from Handy Corporation in December 2021 would be $25,912 $0 $182.000 None of these answer choices are correct
Harrison Company bought 28,000 of 200,000 outstanding shares of Taylor Corporation in January 2018. In December,...
Harrison Company bought 28,000 of 200,000 outstanding shares of Taylor Corporation in January 2018. In December, Taylor announced $200,000 net income for 2018 and declared and pain a cash dividend of $2 per share. Harrison Company’s Dividend revenue from Taylor Corporation in December 2018 would be: $56,000 $0 $28,000 None of the above is correct
On January 1, 2021, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1,...
On January 1, 2021, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 200,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them. Instructions Compute the weighted average number of shares to be used in computing earnings per share for 2021. Increase Months (Decrease) Outstanding ...
On January 1, Crane Corporation had 99,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred. Apr. 1 Issue...
On January 1, Crane Corporation had 99,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred. Apr. 1 Issued 25,500 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 Issued 3,000 additional shares of common stock for $19 per...
On January 1, Belleville Company paid $1,970,000 to acquire 98,500 shares of O'Fallon’s voting common stock,...
On January 1, Belleville Company paid $1,970,000 to acquire 98,500 shares of O'Fallon’s voting common stock, which represents a 40 percent investment. No allocations to goodwill or other specific accounts were made. Significant influence over O'Fallon is achieved by this acquisition, and so Belleville applies the equity method. O'Fallon declared a $2 per share dividend during the year and reported net income of $598,000. What is the balance in the Investment in O'Fallon account found in Belleville’s financial records as...
On January 1, 2021, Crane Corporation had 980,000 shares of common stock outstanding. On March 1,...
On January 1, 2021, Crane Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issued 120,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 450,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2021. 1- Weighted average number of shares ?
On January 1, 2021, Sandhill Corporation had 1,040,000 shares of common stock outstanding. On March 1,...
On January 1, 2021, Sandhill Corporation had 1,040,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 500,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2021. Weighted average number of shares
Pax Corporation purchased 40% of the outstanding common voting stock of Wow Corporation on December 10,...
Pax Corporation purchased 40% of the outstanding common voting stock of Wow Corporation on December 10, 2019, at a cash cost of $30 per share. At the date of purchase Wow Corporation had outstanding 300,000 shares of common stock (par $1). At year-end, December 31, 2019, Wow reported net income of $900,000 and declared and paid a $200,000 cash dividend. The December 31, 2019, the market value of Wow's stock was $28. Give the journal entries required for Pax Corporation...
On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding. The...
On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 9,000 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. July 10 Paid the $1.50 cash dividend. Dec. 1 Issued 4,000 additional shares of common stock for $12...
On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The...
On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 Issued 29,500 additional shares of common stock for $19 per share. June 15 Declared a cash dividend of $3 per share to stockholders of record on June 30. July 10 Paid the $3 cash dividend. Dec. 1 Issued 1,000 additional shares of common stock for $18 per...
5 points Save Answ Zwick Company bought 26.000 shares of the voting common stock of Handy Corporation in January 2021 In December, Handy announced $205.300 net income for 2021 and declared and paid a cash dividend of $7 00 per share on all 206.000 shares of its outstanding common stock Zwick Company's dividend revenue from Handy Corporation in December 2021 would be $25,912 $0 $182.000 None of these answer choices are correct
On January 1, 2021, Sandhill Corporation had 1,040,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 500,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2021. Weighted average number of shares
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago