Lucid Company Declared a Property Dividend of 20,000 Shares of $1

question 118

Multiple Choice

Lucid Company declared a property dividend of 20,000 shares of $1 par Polk Company common stock.The Polk stock was purchased for $5 per share.Market value was $10 per share on the declaration date and $11 per share on the distribution date.What is the amount of the dividend?

• A)$100,000.
• B)$200,000.
• C)$220,000.
• D)$300,000.

Understand the calculation of material and conversion costs per equivalent unit using the weighted average method.

Comprehend the concept of equivalent units of production in a process costing system.

Ability to journalize the transfer of costs between departments in a process cost system.

Analyze the change in cost per unit over different periods and determine its impact.

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