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. 500,000 b. 50,000 c. 100,000 d. 150,000

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
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Problem 1MC: Cash dividends on the 10 par value common stock of Garrett Company were as follows: The 4th-quarter...
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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?
a.
500,000
b.
50,000
c.
100,000
d.
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

 


 

a.

RO 430

b.

RO 455

c.

RO 325

d.

RO 495

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