Question: Q22 give correct answer in 10 mins i will thumb up thanks QUESTION 22 On January 1, Castagno Corporation had 1,600,000 ordinary shares with a

Q22 give correct answer in 10 mins i will thumb up

Q22 give correct answer in 10 mins i will thumb up thanks

QUESTION 22 On January 1, Castagno Corporation had 1,600,000 ordinary shares with a $10 par value outstanding. On March 31, the company declared a 15% share dividend Market value was $15/share. As a result of this event, O Castagno's Share Premium-Ordinary account increased $1,200,000 O Castagno's total equity was unaffected O Castagno's Share Dividends account increased $3,600,000 O All of these answer choices are correct

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 Accounting Questions!

Q35 give correct answer in 10 mins i will thumb up thanks QUESTION 35 On January 1, 2017, Daley Corporation purchased 30% of the ordinary shares outstanding of King Corporation for $1,000,000. During...

Q25 give correct answer in 10 mins i will thumb up thanks QUESTION 25 El Toro Manufacturing Inc declared a 25% share dividend when it had 200,000 ordinary shares (5 par value) outstanding. The market...

ONE [25] The trial balance and additional information were extracted from the accounting records of Warrior Traders as at 28 February 2021, the end of the financial year. Warrior Traders PRE...

100 % 14 points each) Net income from operations is gross profit less a financing expenses. b. operating expenses c. other income and expense. d. other expenses Sales revenue less cost of goods sold...

MB 80% (4 points each) Net income from operations is gross profit less a financing expenses. b. operating expenses. C. other income and expense. d. other expenses Sales revenue less cost of goods...

1. When the cash proceeds from bonds issued with detachable share warrants exceed the fair value of the bonds without the warrants, the excess should be credited to (Points : 2) share...

22. On January 1, Castagno Corporation had 1,200,000 ordinary shares with a $10 par value outstanding. On March 31, the company declared a 15% share dividend. Market value was $15/ share. As a result...

Please help i am having trouble with my assignment this is my last module to graduate please help me do it so can compare my answers and pass. FACULTY DEPARTMENT SUBJECT MARKS ASSESSSMENT ECONOMICS...

JETRO CORPORATION Unadjusted Trial Balance As Of December 31, 2019 DEBIT CREDIT P 380,000.00 2,000,000.00 1,260,000.00 239,200.00 150,000.00 140,000.00 2,490,000.00 357,000.00 440,000.00 920,000.00...

please answer the following multiple choice 5 of 7 5956,000 D) $131.500 20. The following information is from the balance sheet of Teder Cage s of December 31, 2014 Preferred stock, S100 par $...

Which graph shows the solution to this system of inequalities? 4x-2y2-4 2x+y> -3 Dr ''r O A. B. C. D. A 14 Graph A max. 12 Graph C Graph A Graph B Graph C Graph D 16 6. Graph B o c Graph D 10 W

What does it mean if an exchange of plant assets has commercial substance? Are gains and losses recorded on the books because of the exchange?

The value at time 0 of $ 1 6 , 5 0 0 to be received in 5 years where the discount rate is 5 percent, compounded semiannually, is $ q , . Calculate to two decimal points using the following PV...

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...