What amount should Romina Inc. report as dividend income?

Q: company has no preferred stock. At the end of Year Five, Friar’s stock was selling for $27 per…

A:

Q: Bolton Corporation had additions to retained earnings for the year just ended of $248,000. The firm…

A: The earnings per share mean how much earnings are available to each common share. The earnings per…

Q: Longmont Corporation earned net income of $86,000 this year. The company began the year with 600…

A: Formula: Earnings per share = Earnings available for Common Stockholders’/ Weighted Average number…

Q: ABC Company had addition to retained earnings for the current fiscal year just ended of $395,000.…

A: Here, Retained Earnings is $395,000 Cash Dividend is $195,000 Total Equity is $5.3 million No. of…

Q: Pronghorn Co. invested $920,000 in Stellar Co. for 25% of its outstanding stock. Stellar Co. pays…

A: Net income is the total profit a company generates after deducting all expenses, taxes, and other…

Q: The company issued its 2023 financial statements on April 30, 2024. Calculate the weighted average…

A: The number of outstanding common shares & the period of outstanding for Bonita Corporation for…

Q: Albany Motors recently completed a 3-for-1 stock split. Prior to the split, the company had 10…

A: Stock split refers to the split of existing shares into more number of shares in the proportion as…

Q: Fill in the dollar changes caused in the Investment account and Dividend Revenue or Investment…

A: Below are the effects of the transactions by using equity method or fair value method:

Q: S.B. Industries began the year with 400,000 shares of $1 par common stock and retained earnings of…

A: A retained earnings account shows the accumulated profits earned by an organization during its…

Q: For the year ended 31 December 20X1, Bright-Warm Utility Company had net income of $1,750,000. The…

A: Earnings per share The amount of income earned by the company which is available for the…

Q: Vail Limited acquired 40% of McGillis Corporation's 58,000 common shares for $17 per share on…

A: Under Equity Method of accounting Investment for Associates,  the investment will be measured at…

Q: On January 1, Tasty Foods purchased 3,000 shares (30%) of Eco-Safe Packaging’s voting stock for $12…

A: Equity method of investment: It can be defined as the method that is used by the investors for…

Q: At the end of the year, Shiloh Industries reported retained earnings of $497,000 on its balance…

A: The beginning retained earnings is $445,000. The ending retained earnings is $497,000. The net…

Q: Seawall Corporation purchased 3,600 shares of its own $1.10 par value common stock for $125,000. As…

A: Share buyback refers to the corporate action in which the company decides to buy its own shares back…

Q: Bonita Corporation began business by issuing 633600 shares of $5 par value common stock for $30 per…

A: A balance sheet depicts a company's assets, liabilities, and shareholder's equity at a given point…

Q: On February 2, 10X1, Solo Company purchased 900 shares of Red Corp. Red Corp has a total of 6,000…

A: Purchase price = 900x 32 =28800 brokerage =2% x 28800= 576 losson ssle of shares =(28x100)-(32x100)…

Q: Jamaica Corporation bought 160,000 shares of Love Corporation for 60 each. One month from purchase,…

A: A stock split :Existing shares is divided  into multiple shares. Eg: 2-for-1 stock split: An…

Q: Novak Corp. began business by issuing 235000 shares of $5 par value common stock for $22 per share.…

A: Shareholders equity balance includes common stock, preferred stock, additional paid-in capital. From…

Q: What item appears on both the balance sheet and the statement of cash flows?

A: The Balance Sheet is a statement presenting assets which the organisation owns and liabilities (both…

Q: On January 1, 2011, The Miller Corporation purchased 300,000 shares of The Mayfair Corporation for…

A: Compute the book value of Miler's investment in Mayfair as of Dec. 31, 2011 as follows: Particular…

Q: Bellows Inc. purchased 10,000 shares of Nesbitt Inc.’s common stock for $7.50 per share. Nesbitt…

A: Investment represents the amount paid in orde to earn something in return. Investment in share…

Q: The following are two independent situations. Situation 1 Metlock Cosmetics acquired 10% of the…

A: Date Particular Debit Credit   Situation 1: Metlock Cosmetics     Mar 18 Available for sale…

Q: During a recent year, Emerson Electric paid an annual dividend of $0.64 per share. Calculate the…

A: The share price is the current market price of the share. It is the price of the share at any…

Q: Dog River Company has an operating profit of $259.000 Interest expense for the year was $21.600…

A: Operating profit = $259,000Interest expenses = $21,600Tax = $45,750Preferred dividend paid =…

Q: Rose Company had no short-term investments prior to this year. It had the following transactions…

A: Cost of the share is the price at which the shares are purchased. Fair value of the share is the…

Q: Jackson Company engaged in the following investment transactions during the current year. February…

A: INFORMATION:- This is a question that requires the preparation of journal entries for investment…

Q: McDonnell-Myer Corporation reported net income of 3180 million. the company had 584 million common…

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

Q: Salt Company reports net income of $360 million for 20X1; the company's tax rate is 40%. At the…

A: A stock's earnings per share (EPS) is when you divide a company's net income by its weighted average…

Q: Billingsley United declared a $0.20 a share dividend on Thursday,  October 16. The dividend will be…

A: The ex-dividend date is a significant date in the financial world that determines which shareholders…

Q: Brandies, Incorporated reported net income of $9.66 million. At the beginning of the year, 4.1…

A: Since the beginning number of the share were 4.1 million and at the end of the year it was 4.3…

Q: Coronado Corporation began its latest fiscal year on January 1, 2021, with 520,000 common shares…

A: The weighted average number of shares outstanding number of shares outstanding that is multiplied…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.