$ 4,695,000 + [($ 4,695,000 × . 1 ) – ($ 5,000,000 × . 09 )] = $ 4,714,500 . 2010 – 2011 :
$ 4,714,500 + ($ 471,450 – $ 450,000 ) = $ 4,735,950 $ 5,000,000 – $ 4,735,950 = $ 264,050
Question 9 . 9 . ( TCO E ) Total stockholders ' equity represents ( Points : 5 )
a claim to specific assets contributed by the owners . the maximum amount that can be borrowed by the enterprise . a claim against a portion of the total assets of an enterprise .
only the amount of earnings that have been retained in the business .
Question 10 . 10 . ( TCO F ) Houser Corporation owns 4,000,000 shares of stock in Baha Corporation . On December 31 , 2010 , Houser distributed these shares of stock as a dividend to its stockholders . This is an example of a ( Points : 5 )
property dividend . stock dividend . liquidating dividend . cash dividend .