A company invested $45,000 in Yale Co. stock. The investment represented 5% of the voting stock of Yale Co. If the Yale Co. stock investment paid dividends, what account would be credited? Equity Investments Interest Revenue Dividend Revenue Cash

Q: A company invested $45,000 in Yale Co. stock. The investment represented 5% of the voting stock of…

A: As per Golden Rules of accounting: Nominal accounts say that Debit all expenses and losses  Credit…

Q: Monty Co. invested $920,000 in Flounder Co. for 25% of its outstanding stock. Flounder Co. pays out…

A: State the amount of Monty Co.’s share of Flounder Co.’s net income for the year: $110,000 increase…

Q: Reliable Auto Parts has 5,000 shares of common stock outstanding. The company also has the following…

A: Sales = 85,000 General and admin expenses = 7,500 Interest = 3,500 Depreciation = 5,000 Selling…

Q: Provide the journal entry that would be necessary to record the transaction.

A: A journal entry is the record of economic or non-economic transactions in the business containing…

Q: The Harbinger Corporation reported net income of $6 million and total assets of $7 million in its…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: Carleton Builders Ltd. recorded the following summarized transactions during the current year:a. The…

A: No violation has been identified. Correctly applied revenue accounting principle.

Q: Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of…

A: Stockholders are the company's business owners who invest in the company's equity. As a return on…

Q: Elite Trailer Parks has an operating profit of $251,000. Interest expense for the year was $33,900;…

A: Given, Operating profit of $251,000  Interest expense is $33,900

Q: Beacon Corporation issued a 3 percent stock dividend on 37,000 shares of its $7 par common stock. At…

A: A stock dividend is the unrestricted distribution of a company's common stock to its shareholders. A…

Q: The financial statements for Highland Corporation included the following selected information:…

A: The additional paid in capital is calculated as total money raised from share issuance less value of…

Q: shares of common stock are outstanding at year-end

A: Number of common shares outstanding = Amount of common stock/Par value

Q: Lax Company provided the following information during the current year. Dividend received Dividend…

A: The Numerical has covered the Concept of Cash Flow Statement. There are 3 types of Activities in the…

Q: Bonita Co. invested $910,000 in Windsor Co. for 25% of its outstanding stock. Windsor Co. pays out…

A: Dividend is paid on the outstanding stock.

Q: Lawrence Industries' beginning-of-year common stockholders' equity was $625,000 and its end-of-year…

A: Formula: Return on common stock holders equity = Net income available to common share holders /…

Q: amount of dividend revenue should be reported for the current year

A: Stock dividend is the dividend distributed by a company to its shareholders in the form of stocks.…

Q: The following information was taken from the accounts of JT Corp at year end: Total income since…

A: Current balance of retained earnings = Total income since incorporation  - Total cash dividends paid…

Q: The value of equity is $150,000,000. The return on equity is 15%, the cost of capital is 18% and the…

A: Given; Return on equity = 15% Total equity = $150,000,000 Retention ratio = 60%…

Q: 2- Gator plc invested £1,000,000 in Demo Co. for 25% of its outstanding shares. Demo Co. pays out…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Basic Solutions Company reported net earnings of $60,000, declared and paid cash dividends on its…

A: Retained earning balance can be calculated by adding up net income and deducting cash dividends from…

Q: If Shareholders equity at the beginning of the year was $400,000 and $10,000 was paid to…

A: Shareholder’s equity: Equity shares held by share holders are called shareholders equity. Each share…

Q: Parent Co. invested $1,000,000 in Sub Co. for 25% of its outstanding stock. Sub Co. pays out 40% of…

A:

Q: The following transactions occurred during the first year of operations for Cougar Corp. for each…

A: vvvv

Q: Ecker Company reports $1,300,000 of net income and declares $182,000 of cash dividends on its…

A: Preferred stock are the shares which holds priviledge rights on dividends . Basically, these shares…

Q: ST Corporation has a total shareholders' equity of P1,000,000, including retained earnings of…

A: Given, Balance in retained earnings = 175,000 Cash balance  = 350,000

Q: Assume that Farm Fresh Produce, Inc. has 725,000 shares of common stock outstanding and that the…

A: Solution:- Calculation of the value of the total dividends paid to the common shareholders of Farm…

Q: Reliable Auto Parts has 5,000 shares of common stock outstanding. The company also has the following…

A: cash flow from operations = net income + depreciation net income  = (85,000 - 50,000 - 7,500 -…

Q: A corporation reacquires 60,000 shares of its own $10 par common stock for $3,000,000, recording it…

A: Authorized shares are the maximum number of shares a company is allowed to issue to shareholders as…

Q: The total assets of Dierdorf Co. are $ 555,000 and its liabilities are equal to two-thirds of its…

A: As per Accounting equation,Assets =Liabilities +Shareholders equity

Q: Squash Delight Inc. has the following balance sheet:         Assets Cash $ 100,000 Accounts…

A: Stock dividend refers to the payment made to the shareholders in the form of dividends which is made…

Q: Gold Co. received dividends from its common stock investments during the year ended December 31 as…

A: Dividend  arising from  trading  security  is an Dividend income

Q: Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The…

A: Outstanding shares refers to the number of shares which are held by the shareholders on current…

Q: Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary…

A: Book value of ordinary share is the the total ordinary shareholders equity plus net income less cash…

Q: The total income since incorporation is P420,000. The total cash dividends paid is P130,000. The…

A: Retained earnings or accumulated profit is the shareholder's equity component which states the…

Q: Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of…

A: The dividend is declared by the company from the available retained earnings.

Q: Grouper Co. invested $1,060,000 in Monty Co. for 25% of its outstanding stock. Monty Co. pays out…

A: Solution a:  Grouper Co.’s share of Monty Co.’s net income = Amount debited in Investment in monty…

Q: Electronic world inc paid out $24 million in total common dividends and reported $255.6 million of…

A: Net Income of a company is derived after deducting all the cost or expenses of the company along…

Q: The following were reflected from the records of Bulldogs Inc.: Earnings before interest and taxes…

A: Earnings before tax = Earnings before interest and taxes - interest expense = P1250000 - 250000 =…

Q: Junior Berhad is a company that, during the year ended 31 December2020, paid RM25,000 debenture…

A: Profit of the business can be calculated by subtracting all the costs from the total sales revenue…

Q: The following information is available for Metlock Hill Corporation: Beginning common stockholders'…

A: Common Stockholder- A common shareholder is an person, company, or organization that holds ordinary…

Q: Thelma and Louie, Inc. started the year with a balance of retained earnings of $545 million and…

A: O = Opening balance = $ 545 mnC = Closing balance = $ 590 mnTotal dividends paid = $35 million to…

Q: The opening balance of retained earnings for a company was $1328424. During the year it earned a net…

A: Lets understand the basics. Retained earning is a earning retained from the net income eared.…

Q: White Company’s assets total $780,000 and its owners’ equity consists of capital stock of…

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The…

A: Common Stock: The ownership stake in a company that is represented by securities known as common…

Q: The Channing Company earmed $64,000 last year. The capital stock of the company consists of $500.000…

A: Dividend: It can be defined as the distribution of the net profits of the company to its…

Q: Electronics World Inc. paid out $22.4 million intotal common dividends and reported $144.7 million…

A: The net profit of the company is the amount of profit after charging all the expenses a company has…

Q: Helio Co. has retained earnings at the beginning of the current year of $400,000. During the current…

A: First, compute the dividends paid as shown below: Dividends paid = 50,000*$1.00 Dividends paid =…