Purchase Solution

Dividends Feportable by Stockholders of Rockridge Corporation

Not what you're looking for?

Ask Custom Question

Lacy Jones and Sarah Breau each own one-half of the stock of Rockridge Corporation, which has earnings and profits of $15,000. Rockridge distributes property with a fair market value of $24,000 to its stockholders, each stockholder receiving property with a fair market value of $12,000. The gross amount reportable by each stockholder as a dividend is?

My choices $0, $4,500, $7,500 or $12,000.

Purchase this Solution
Solution Summary

The solution examines dividend reportable by stockholders of Rockridge Corporation. The gross amount of reportable by each stockholders as a dividend is determined.

Purchase this Solution
Free BrainMass Quizzes
Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Introduction to Finance

This quiz test introductory finance topics.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

View More Free Quizzes
Related BrainMass Solutions

  • This post addresses types of stock and types of dividends.

    A corporation typically declares and pays dividends at the end of each quarter. A stock split is when a corporation issues new shares of stock to stockholders in direct proportion to the stock ownership they already have in the company.

  • Cash dividends or stock dividends

    69917 Cash dividends or stock dividends The board of directors of Akin & Gump, Inc., investment bankers is meeting to address the concerns of stockholders. Stockholders have submitted the following questions for discussion at the board meeting.

  • Dividend per share

    212133 Calculate the dividend per share to be received by the common stockholders this year. Fritz Corporation has 800,000 shares of preferred stock and 1,800,000 shares of common stock.

  • Calculation of EPS, Dividend Payout and Retained Earnings

    BE14-7 Fuentes Corporation reported net income of $152,000, declared dividends on common stock of $50,000, and had an ending balance in retained earnings of $360,000.

  • Calculating the Dividend per Share

    228508 Calculate the dividend per share to be received by the common stockholders this year Can you help me get started with this assignment? Fritz Corporation has 800,000 shares of preferred stock and 1,800,000 shares of common stock.

  • Dividends on Cumulative and Fully Participating Preferred Stock

    60,000 Common Stock = 36,000+18,000=54,000 The solution explains how to calculate the amount of dividends received by preferred stockholders and common stockholders

  • Aaron Burr Corporation: common stockholders and dividends

    331034 Aaron Burr Corporation: common stockholders and dividends Aaron Burr Corp. had $100,000 of 10%, $20 par value preferred stock and 12,000 shares of $25 par value common stock outstanding throughout 2007.

  • Retained Earning Restrictions Statements

    Harris Corporation had net income of $230,000 and paid dividends of $50,000 to common stockholders and $20,000 to preferred stockholders in 2010.

  • Stock Transactions

    In the retained earnings statement, dividends of $244,400 will be deducted. In the balance sheet, Dividends Payable of $134,400 will be reported as a current liability. Amez Corporation was organized on January 1, 2004.

View More Related Solutions