Homework Answers
| WORKING NOTES:1 | |||
| CALCULATIN OF PAR VALUE AND ADDITIONAL PAIND IN CAPITAL ON STOK DIVIDEND | |||
| Number of Shares issued and outstanding | 43,000 | Shares | |
| Stock dividend declated = 60% of 43,000 Shares = | 25,800 | Shares | |
| Issue price of Stock Dividend = No. of Shares issued in stock Dividend X Market price per shares | |||
| Issue price of Stock Dividend = 25,800 Shares X $ 18 per shares = | $ 4,64,400 | ||
| Less: Par value of the stock (25,800 Shares X $ 14) * | $ 3,61,200 | ||
| Addittional paid in capital (Balance) ** | $ 1,03,200 | ||
| WORKING NOTES:2 | |||
| CALCULATION OF BALANCE IN RETAINED EARNINGS AFTER STOCK DIVIDEND | |||
| Beginning balance of Retained earnings | $ 7,50,000 | ||
| Less: Value of stock dividend | $ 4,64,400 | ||
| Balance in retained earnings | $ 2,85,600 | ||
| SOLUTIONS CORPORATION | |||
| BALANCE SHEET (PARTIAL ) | |||
| AT FEBRUARY 01, THIS YEAR | |||
| STOCKHODLER'S EQUITY | |||
| Before Stock Dividend | After Stock Dividend | ||
| Contributed Capital | |||
| Common Stock* | $ 6,02,000 | $ 9,63,200 | |
| Addittional Paid in Capital ** | $ 1,29,000 | $ 2,32,200 | |
| Retained Earnings | $ 7,50,000 | $ 2,85,600 | |
| Total Stockholder's Equity | $ 14,81,000 | $ 14,81,000 | |
Add Answer to:
At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions...
The stockholders’ equity section of Jun Company’s balance sheet as of April 1 follows. On April...
The stockholders’ equity section of Jun Company’s balance sheet
as of April 1 follows. On April 2, Jun declares and distributes a
20% stock dividend. The stock’s per share market value on April 2
is $10 (prior to the dividend).
QS 13-7 Accounting for small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stock's per share market value...
The stockholders' equity section of Jun Cos balance sheet as of April 1 follows. On April...
The stockholders' equity section of Jun Cos balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $25 (prior to the dividend). Common stock-$5 par value, 455, eee shares authorized, 240,eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,2ee, eee 570,000 873, eee $2,643,000 Prepare the stockholders' equity section immediately after...
The stockholders' equity section of Jun Company's balance sheet as of April I follows. On April...
The stockholders' equity section of Jun Company's balance sheet as of April I follows. On April 2... declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (price to the dividend). Prepare the stockholders' equity section immediately after the stock dividend. Common stock-$5 par value, 375,000 shares authorized, 200,000 shares issued and outstanding ............. Paid-in capital in excess of par value, common stock Retained earnings .......... Total stockholders' equity ........ $1,000,000 600,000...
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April...
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend) Common stock-$5 par value, 495,000 shares authorized, 260,000 shares issued and outstanding $1,300,006 Paid-in capital in excess of par value, common stock 610,000 893,000 $2,803,000 Retained earnings Total stockholders' equity Prepare the stockholders' equity section immediately after the stock dividend...
The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April...
The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Common stock-$5 par value, 395,000 shares authorized, 210,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,050,000 510,000 843,000 $2,403,000 Prepare the stockholders' equity section immediately after the stock dividend...
on December 31 the stockholders equity section of the 20. 0.50 points On December 31, the...
on December 31 the stockholders equity section of the
20. 0.50 points On December 31, the stockholders' equity section of the balance sheet of R&B Corporation reflected the following Common stock (par $10 authorized 61,300 shares outstanding 26,300 shares) Additional paid-in capital Retained earnings $263.000 13.300 81,500 On February 1 of the following year a 12 percent stock dividend was issued. The market value of the stock on February 1 was $18 per share Required: 1. For comparative purposes, prepare...
The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April...
The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Common stock-55 par value415,000 shares authorised, 220,000 shares osed and outstanding Tald.in capital in excess of par value, c on stock Retained earnings Total stockholders' equity $1.100.000 530.000 053,000 $2.40.000 mo Prepare the stockholders' equity section Immediately after the stock...
Need-to-Knows Saved Help The stockholders' equity section of Jun Company's balance sheet as of April 1...
Need-to-Knows Saved Help The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend). Common stock-$5 par value, 375,800 shares authorized, 200,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,000,000 600.000 833, eee $2,433,888 Prepare the stockholders' equity section immediately...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following: Common shares (no-par value; authorized 60,000 Shares, outstanding 22,000 shares) Contributed uxplus Retained earnings $220,000 11,700 72,000 On February 1, 2017, the board of directors declared a 10 percent stock dividend to be issued on April 30, 2017. The market value of the shares on February 1, 2017, was $16.50 per share. Required: 1. For comparative purposes, prepare the shareholders' equity section...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following: Common shares (no-par value: authorized 60,000 shares, outstanding 25,000 shares) Contributed surplus Retained earnings $250,000 12,000 75,000 On February 1, 2017, the board of directors declared a 12 percent stock dividend to be issued on April 30, 2017. The market value of the shares on February 1, 2017, was $18 per share. Required: 1. For comparative purposes, prepare the shareholders' equity section...
The stockholders’ equity section of Jun Company’s balance sheet
as of April 1 follows. On April 2, Jun declares and distributes a
20% stock dividend. The stock’s per share market value on April 2
is $10 (prior to the dividend).
QS 13-7 Accounting for small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stock's per share market value...
The stockholders' equity section of Jun Cos balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $25 (prior to the dividend). Common stock-$5 par value, 455, eee shares authorized, 240,eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,2ee, eee 570,000 873, eee $2,643,000 Prepare the stockholders' equity section immediately after...
The stockholders' equity section of Jun Company's balance sheet as of April I follows. On April 2... declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (price to the dividend). Prepare the stockholders' equity section immediately after the stock dividend. Common stock-$5 par value, 375,000 shares authorized, 200,000 shares issued and outstanding ............. Paid-in capital in excess of par value, common stock Retained earnings .......... Total stockholders' equity ........ $1,000,000 600,000...
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend) Common stock-$5 par value, 495,000 shares authorized, 260,000 shares issued and outstanding $1,300,006 Paid-in capital in excess of par value, common stock 610,000 893,000 $2,803,000 Retained earnings Total stockholders' equity Prepare the stockholders' equity section immediately after the stock dividend...
The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Common stock-$5 par value, 395,000 shares authorized, 210,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,050,000 510,000 843,000 $2,403,000 Prepare the stockholders' equity section immediately after the stock dividend...
on December 31 the stockholders equity section of the
20. 0.50 points On December 31, the stockholders' equity section of the balance sheet of R&B Corporation reflected the following Common stock (par $10 authorized 61,300 shares outstanding 26,300 shares) Additional paid-in capital Retained earnings $263.000 13.300 81,500 On February 1 of the following year a 12 percent stock dividend was issued. The market value of the stock on February 1 was $18 per share Required: 1. For comparative purposes, prepare...
The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Common stock-55 par value415,000 shares authorised, 220,000 shares osed and outstanding Tald.in capital in excess of par value, c on stock Retained earnings Total stockholders' equity $1.100.000 530.000 053,000 $2.40.000 mo Prepare the stockholders' equity section Immediately after the stock...
Need-to-Knows Saved Help The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend). Common stock-$5 par value, 375,800 shares authorized, 200,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,000,000 600.000 833, eee $2,433,888 Prepare the stockholders' equity section immediately...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following: Common shares (no-par value; authorized 60,000 Shares, outstanding 22,000 shares) Contributed uxplus Retained earnings $220,000 11,700 72,000 On February 1, 2017, the board of directors declared a 10 percent stock dividend to be issued on April 30, 2017. The market value of the shares on February 1, 2017, was $16.50 per share. Required: 1. For comparative purposes, prepare the shareholders' equity section...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following: Common shares (no-par value: authorized 60,000 shares, outstanding 25,000 shares) Contributed surplus Retained earnings $250,000 12,000 75,000 On February 1, 2017, the board of directors declared a 12 percent stock dividend to be issued on April 30, 2017. The market value of the shares on February 1, 2017, was $18 per share. Required: 1. For comparative purposes, prepare the shareholders' equity section...
Most questions answered within 3 hours.
-
The fuel economy of a 2011 Lexus RX 350 2wd 6 cylinder 3.5 L
automatic 5...
asked 54 seconds ago -
i.
the synthesized compund 2-bromo-butanal i have a IR peak at about
3200 and one at...
asked 52 seconds ago -
A
752 mL sample of water was placed in a 1000 gram pan of aluminum.
The...
asked 12 minutes ago -
1.In the context of chelation, what does binding strength mean?
What happens at the molecular level...
asked 4 minutes ago -
Describe two obstacles that makes fixing atmospheric nitrogen
difficult.
asked 24 minutes ago -
Evelyn incorporates her sole proprietorship, transferring it to
newly formed Papaya Corporation. The assets transferred have...
asked 10 minutes ago -
Assume that in a hydrogen atom, the electron circles the nucleus
in a circle of radius...
asked 19 minutes ago -
1 point) Given the significance level α=0.01 find the following:
(a) left-tailed z value z= (b)...
asked 13 minutes ago -
Calculate the expected value, the variance, and the standard
deviation of the given random variable X....
asked 15 minutes ago -
T
F 53) Most differences
between human groups are the result of biology rather than
culture....
asked 28 minutes ago -
A 5.20 mW helium neon laser emits a visible laser beam with a
wavelength of 633...
asked 31 minutes ago -
Assignment:
Your
organization has made a strategic decision
to
outsourcework
currently performed in house. You have...
asked 30 minutes ago