$ 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.