FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Present Value
Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. …
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Question 8 of 50 -/1 E ! View Policies Current Attempt in Progress On January 1, Oriole Corporation had 83000 shares of $10 par value common stock outstanding. On June 17. the company declared a 15% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a O credit to Common Stock Dividends Distributable for $161850. O credit to Common Stock Dividends Distributable for $37350. debit to Stock Dividends for $161850. O credit to Cash for S161850.
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Transcribed Image Text:Question 8 of 50 -/1 E ! View Policies Current Attempt in Progress On January 1, Oriole Corporation had 83000 shares of $10 par value common stock outstanding. On June 17. the company declared a 15% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a O credit to Common Stock Dividends Distributable for $161850. O credit to Common Stock Dividends Distributable for $37350. debit to Stock Dividends for $161850. O credit to Cash for S161850.
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