Abba Company purchased 1,000 shares of Dabber Company at $20 per share. Abba received an additional 250 shares from Dabber Company as a stock dividend. After receiving the stock dividend, the total value of the investment in Dabber and cost per share of Dabber, respectively is:
A) $25,000 and $20.
B) $20,000 and $16.
C) $25,000 and $16.
D) $20,000 and $20.
Correct Answer:
Verified
Q19: The market value of an available-for-sale security
Q20: Available-for-sale investments in stock are initially recorded
Q21: The journal entry to record the sale
Q22: ABC receives a stock dividend of 50
Q23: The receipt of a stock dividend:
A)has no
Q25: The journal entry to record the receipt
Q26: The Unrealized Gain or the Unrealized Loss
Q27: 1.adjusting entry requires a:
A)debit to Allowance to
Q28: The gain or loss on the sale
Q29: Other comprehensive income:
A)appears on the income statement
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