At the beginning of the current year, Bard Corporation had 400,000 shares of $1 par common stock outstanding and had retained earnings of $11,000,000. During the year, the company earned $5,000,000, declared a 5% stock dividend when the price of stock was $25 per share, and paid a yearend cash dividend of $2 per share. (The cash dividend was paid after the stock dividend had been distributed.) Bard Corporation's retained earnings at the end of the year amount to:
a. $16,000,000.
b. $14,660,000.
c. $14,320,000.
d. $14,700,000.
Answers: 3
Another question on Business
Business, 22.06.2019 01:30
What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond
Answers: 3
Business, 22.06.2019 11:10
Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?
Answers: 3
Business, 22.06.2019 19:40
Last year ann arbor corp had $155,000 of assets, $305,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 37.5%. the new cfo believes a new computer program will enable it to reduce costs and thus raise net income to $33,000. assets, sales, and the debt ratio would not be affected. by how much would the cost reduction improve the roe? a. 11.51%b. 12.11%c. 12.75%d. 13.42%e. 14.09%
Answers: 3
Business, 23.06.2019 00:50
On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was:
Answers: 3
You know the right answer?
At the beginning of the current year, Bard Corporation had 400,000 shares of $1 par common stock out...
Questions
Chemistry, 07.05.2020 05:59
Mathematics, 07.05.2020 05:59
Mathematics, 07.05.2020 05:59
Health, 07.05.2020 05:59
History, 07.05.2020 05:59
Mathematics, 07.05.2020 05:59
English, 07.05.2020 05:59
Health, 07.05.2020 05:59
History, 07.05.2020 05:59
