Al Hamra Company issues 500,000 shares of common stock on January 1, 2020 trading at RO 0.200 per share. On June 30, 2020, a 10% stock dividend is declared. How many additional shares will be issued by the company to the shareholders as a result of the stock dividends declared?a.500,000b.50,000c.100,000d.150,000How much is the cash flow from operating activities from the following data of Majan Corporation for the year 2020: RO 000Proceeds from sale of long-term investmentRO 100Issuance of capital stockRO 65Depreciation expenseRO 15Operating profitRO 405Purchase of plant assetsRO 65Decrease in inventoriesRO 150Increase in accounts payableRO 150Increase in accounts receivableRO 225Retirement of bonds payableRO 75Payment of cash dividendsRO 130Taxes paidRO 25Gain on sale of fixed assetRO 40 a.RO 430b.RO 455c.RO 325d.RO 495

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Answered: Al Hamra Company issues 500,000 shares…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Al Hamra Company issues 500,000 shares of common stock on January 1, 2020 trading at RO 0.200 per share. On June 30, 2020, a 10% stock dividend is declared. How many additional shares will be issued by the company to the shareholders as a result of the stock dividends declared?

500,000

50,000

100,000

150,000

How much is the cash flow from operating activities from the following data of Majan Corporation for the year 2020:

	RO 000
Proceeds from sale of long-term investment	RO 100
Issuance of capital stock	RO 65
Depreciation expense	RO 15
Operating profit	RO 405
Purchase of plant assets	RO 65
Decrease in inventories	RO 150
Increase in accounts payable	RO 150
Increase in accounts receivable	RO 225
Retirement of bonds payable	RO 75
Payment of cash dividends	RO 130
Taxes paid	RO 25
Gain on sale of fixed asset	RO 40

RO 430

RO 455

RO 325

RO 495

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