Question
In Year 1, Lilly purchased 100 shares of Collins stock for $18,000 ($180 per share). In...
In Year 1, Lilly purchased 100 shares of Collins stock for $18,000 ($180 per share). In Year 2, the corporation declared a 50 percent stock dividend and Lilly received 50 new shares. What was Lilly’s basis after the stock dividend?
Answers
Statement showing Computations Particulars Amount Original Shares 100.00 Stock dividend = 100*50% 50.00 New shares 100 + 50 150.00 Value per share 180.00 Lilly’s basis after the stock dividend = 180 *150 27,000.00
Similar Solved Questions
3 answers
In a survey of a TriDelta chapter with 46 members, 13 were taking mathematics, 33 were taking English, and 6 were taking both
1. In a survey of a TriDelta chapter with 46 members, 13 were taking mathematics, 33 were taking English, and 6 were taking both. How many were not taking either of these subjects?...
1 answers
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for prepaid cell phones for May...
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for prepaid cell phones for May are as follows: Inventory Purchases Sales May 1 2,800 units at $21 May 10 1,400 units at $23 May 12 1,960 units May 20 1 ,260 units at $25 May 14 1,680 units May 31 840 units a. Assuming tha...
1 answers
Weiland Co. shows the following information on its 2016 income statement sales $160,500 costs $80.400, other...
Weiland Co. shows the following information on its 2016 income statement sales $160,500 costs $80.400, other expenses $3,700; depreciation expense $9,400 interest expense $6,900, taxes $21,035, dividends $7,950. In addition, youre told that the frm issued $4,100 in new ecuity during 2016 and redeeme...
1 answers
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.) Required: a....
1 answers
Home Insert Design * Arial BI U Layout References Mailings 14 A- A A A abe...
Home Insert Design * Arial BI U Layout References Mailings 14 A- A A A abe X2 X? A.A. E Review E. S View . aste Case 3: A 63-year-old man, who was a heavy smoker and heavy coffee drinker, was well until a few weeks before admission at which time he noted vice-like chest pain at rest which was aggrav...
1 answers
I need to implement this : When the user clicks on one of the buttons, the...
I need to implement this : When the user clicks on one of the buttons, the shape displayed on the clicked button becomes the current shape. The icon representing the current shape should outline the shape as shown below in the sample output. When a mouse is clicked on the user-defined JPanel, the cu...
1 answers
Hey guys, I am having a lot of trouble with my homework. Could you please help?...
Hey guys, I am having a lot of trouble with my homework. Could you please help? I thumbs up anyone who gives a thorough explanation and shows the work! I really need to understand these concepts! Thank you very much! 1) Z- is a weak base. An 0.350 M aqueous solution of NaZ is prepared. The pH of th...
1 answers
11 Section 4, Problem 11. A beam is loaded by a shear force V. The beam...
11 Section 4, Problem 11. A beam is loaded by a shear force V. The beam cross-section is shown below. The moment of inertia of the cross-section is 3471 in 4. The centroid of the cross-section is 6.25 inches from the base. Determine: a) the shear stress at point b) the shear stress at point B. c) th...
1 answers
2. Mark all stereocenters with an asterisk (*) and assign the configuration (R or S) for...
2. Mark all stereocenters with an asterisk (*) and assign the configuration (R or S) for each. Also write whether the molecule is chiral, achiral, or meso (3 pts each) H CH2OH b. c. tch Br Сн, 3. Name the following compounds (2 pts each) Br b....
1 answers
What are the components of AOCI？You should also be able to explain what each of them...
What are the components of AOCI？You should also be able to explain what each of them means for a complete answer. Why is the gain/loss on the sale of PPE not part of AOCI? It passes through the income statement. Explain. What is the IFRS treatment? Mention revaluation reserves here (as part o...
1 answers
Period, 8 samples were taken from a river at a location 1 mile downstream from a...
period, 8 samples were taken from a river at a location 1 mile downstream from a sewage treatment plant. The amount of dissolved oxygen in the samples was determined and is reported Iin the following table. The curent research asserts that the mean dissolved oxygen level must be at least 5.0 parts p...
1 answers
If the __________ doubled, how would blood flow change and by how much? a. radius b....
If the __________ doubled, how would blood flow change and by how much? a. radius b. blood viscosity c. vessel length d. pressure...
1 answers
Please answer the following with all explanations Problem #3 A 1200/5, C400 CT is connected on the tap 1000/5. What is the maximum secondary burden that can be used and we can maintain rated accur...
Please answer the following with all explanations Problem #3 A 1200/5, C400 CT is connected on the tap 1000/5. What is the maximum secondary burden that can be used and we can maintain rated accuracy at 20 times rated symmetrical secondary current? Problem #3 A 1200/5, C400 CT is connected on th...
1 answers
1. Please explain, detail, the differences in the hydrohalogenation across the double bond with regards to Markovnikov a...
1. Please explain, detail, the differences in the hydrohalogenation across the double bond with regards to Markovnikov and Non-Markovnikov. 2. What is the relationship between an allylic carbocation (Chapter 20) and allylic radical? Please explain in terms of resonance and delocalization. If you can...
1 answers
Which of the following are functions of sustentacular cells? Secrete proteins that help regulate sperm production...
Which of the following are functions of sustentacular cells? Secrete proteins that help regulate sperm production Cells that carry half of an organism's genetic material Provide nutrients for developing germ cells Produce testosterone in response to luteinizing hormone...
1 answers
When shipping a product that was already paid by the customer in the previous month, the transaction should be reco...
When shipping a product that was already paid by the customer in the previous month, the transaction should be recorded as: Select one a. a debit to unearned revenue and a credit to revenue b. a debit to cash and an credit to owner's equity c. a debit to revenue and a credit to cash O d. a debit...
1 answers
C. BONUS: You are preparing 1 L of 0.15M lactic acid and adjusting the pH to...
C. BONUS: You are preparing 1 L of 0.15M lactic acid and adjusting the pH to 3. volume of NaOH must be added to achieve a pH of 4.5?...