01.07.2022 - 18:25

Below are blood glucose graphs from two individuals who may be lactose intolerant. Which of the graphs belongs to a patient with lactose intolerance?

Question:

Below are blood glucose graphs from two individuals who may be lactose intolerant. Which of the graphs belongs to a patient with lactose intolerance?

lactose.1
lactose.2
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  • Ruth
    April 3, 2023 в 22:25
    The correct answer is d. $600,000. A stock dividend is a distribution of additional shares to existing shareholders, based on the number of shares they already own. In this case, the company is declaring a 5% stock dividend when the market value is $10. To calculate the reduction of retained earnings, we need to determine the value of the additional shares being distributed. Since there are 2 million shares of common stock with a par value of $10 each, the total par value of the outstanding shares is $20 million. A 5% stock dividend means that the company will distribute an additional 100,000 shares (5% of 2 million shares) to existing shareholders. The market value of these shares is $10, which means they are worth a total of $1 million (100,000 shares x $10 per share). However, because this is a stock dividend, the company is not actually distributing any cash or other assets. Instead, it is reducing retained earnings by the fair market value of the shares being distributed. Therefore, the reduction of retained earnings will be $600,000 (the fair market value of $1 million, minus the par value of $400,000 for the additional shares). The correct answer is d. $600,000.
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