Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lucid company declared a property dividend of 21,0

lucid company declared a property dividend of 21,000 shares of $1 per Polk Company common...

70.2K

Verified Solution

Question

Accounting

lucid company declared a property dividend of 21,000 shares of $1 per Polk Company common stock. the Polk stock was purchased for $2 per share. Market value was $8 per share on the declaration date and $9 per share on the distribution date. What is the amount of the dividend?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A) What is the solubility of M(OH)2 in pure water? B)What is the solubility of M(OH)2...

Chemistry
Q

A mass resting on a horizontal, frictionless surface is attached to one end of a spring;...

Physics
Q

A eukaryotic cell is whereas cells contain free floating organelles and no nucleus A compartmentalized...

Biology
Q

What is the phenotype ratio of the following cross BbYy X BbYy 4 1 9...

Biology
Q

Find an equation of the line where the planes Q and R intersect.Q: -2x+3y-z =...

Basic Math
Q

Which mathematical areas or field these axioms belong x y x 2xy y x y...

Algebra
Q

please help The Modern Mode inc. allocates FMOH to...

Accounting
Q

Question 8 (10 marks) The following information is extracted from the financial statements of XP...

Accounting
Q

25. Portfolio Beta You own $1,200 of City Steel stock that has a beta of...

Accounting
Q

Diego Garcia is 32 years old. Diego earned employment income of $112,000 in 2021. The...

Accounting
Q

Claire Corporation is planning to issue bonds with a face value of $270,000 and a...

Accounting
Q

To get average a/r, inventory, etc., take prior year ending + current year ending /(divided)...

Accounting