Question: Major Mining owns 4 0 0 , 0 0 0 shares of Heathclift stock that it bought as an investment. Major decides to distribute 2

Major Mining owns 400,000 shares of Heathclift stock that it bought as an investment. Major decides to distribute 200,000 of the Heathclift shares to its own (Major) shareholders as a form of dividend. What type of dividend would this be?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Bombardier's decision was driven primarily by the need to manage (Supply or inventory). Not doing so effectively likely meant (order cancelations and increased vendor development costs or tariffs and...

Q:

4. Convertible bonds, warrants, and other exotic bond features As the name suggests, convertible bonds allow the owner the option to convert the bonds into a fixed number of shares of common stock....

Q:

PART A: (10 pts) Using the Balance Sheet Equation below, account for the folloiwng transactions: NOTE: you can also use Journal Entries. (debits & credits) instead of the Balance Sheet Equation, if...

Q:

Perform a Porter's five forces analysis on the becerage industry. In your opinion, what are the beverage industry's Key Success Factors (KSF)? What are the most CRITICAL factors that lead to success...

Q:

Question 1.Which of the following plans provide the greatest immediate tax benefit for the participating employee? (1) Roth IRA (2) deductible IRA (3) non-deductible IRA (4) 401(k) a. (1) and (3)...

Q:

I've attached the question as a word file, thanks! JWCL165_c12_568-611.qxd 8/12/09 8:29 AM Page 568 12 Investments Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1...

Q:

Need help with finance assignment. The questions are attached. need help for pages 8 to 18. 1. A(n) _______________ has a _______________ distribution and is best characterized by its_______________...

Q:

could you solve it please? Question 1 1. Bud and Lou form WhoseOn corporation and transfer the following assets and liabilities: Bud: Building Mortgage (held for four years) on building Lou:...

Q:

Please advise if you can answer all the questions in attached questionnaire as per the attachedcase of IVEY PUBLISHING: 9B14N013. (HUDBAY MINERALS: ACQUISITION OF NORSEMONT MINING. If answering all...

Q:

I need help answering the following questions.. Multiple Choice On January 1, 2016, a companys new president was awarded a $200,000 bonus that would be paid out in two $100,000 installments in 2018...

Q:

Part 3 of the tax return, for a S Corp. Form 1120S Research Associates Gross receipts Cost of goods sold Dividend income Interest income Long-term capital loss Compensation of officers Salaries &...

Q:

Q1) Determine V, and Io for (One) of the following networks: +8V m 1.2 k 4.7 k Figure of Q1 (a) 100 V Si -100 V Q2) Answer the following: a) Determine and Sketch V. of the following figure for the...

Q:

A simple pendulum consists of a ball of mass M hanging from a uniform string of mass m, with m

Q:

This year Andrews achieved an ROE of 1 6 . 1 % . Suppose management takes measures that increase Asset turnover ( Sales / Total Assets ) next year. Assuming Sales, Profts, and financial leverage...

Q:

Can you elucidate the role of molecular chaperones and protein quality control systems in maintaining the integrity and homeostasis of the cytoplasm, particularly under conditions of cellular stress...