Homework Answers
Answer:
Cash Dividend declared = 198,500 * $0.70
Cash Dividend declared = $138,950
Stock Dividend Declared = 198,500 * 10% * $14
Stock Dividend Declared = $277,900
Total Dividend declared = $138,950 + $277,900
Total Dividend declared = $416,850
Retained Earnings, December 31, 2020 = Retained Earnings,
December 31, 2019 + Net Income – Dividend declared
Retained Earnings, December 31, 2020 = $318,500 + $283,000 -
$416,850
Retained Earnings, December 31, 2020 =
$184,650
Add Answer to:
C ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 14-09 Wildhorse Company reported retained earnings...
Exercise 14-09 Oriole Company reported retained earnings at December 31, 2019, of $318,500. Oriole had 194,000...
Exercise 14-09 Oriole Company reported retained earnings at December 31, 2019, of $318,500. Oriole had 194,000 common Mock outstanding at the beginning of 2020. The following transactions occurred during 2020- 1. 2. 3. A cash dividend of 50.65 per share was declared and paid. A 10% stock dividend was declared and distributed when the market price Net Income was $285,000. Compute the ending balance in retained earnings at the end of 2020. Retained earnings Click if you would like to...
- 1.30 y Practice Assignment Gradebook . c ORION Downloadable Textbook Assignment RCES Brief Exercise 14-03...
- 1.30 y Practice Assignment Gradebook . c ORION Downloadable Textbook Assignment RCES Brief Exercise 14-03 Crane Corporation has 51,500 shares of $11 par value common stock outstanding. It dedans 15% stock dividend on December when the market price per shares 17 The dividend shares are issued on December Prepare the entries for the declaration and sunce of the stock dividend. (ecord journal s in the order presented the proc e se utomatically indented when amontntered. Do not indenta lly...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Brief Exercise 14-03 Crane Corporation has 51,500 shares of...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Brief Exercise 14-03 Crane Corporation has 51,500 shares of $11 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account s are automatically indented when amount is entered. Do...
CALCULATOR FULL SCREEN Exercise 14-08 On January 1, 2020, Crane Corporation had retained earnings of $531,000....
CALCULATOR FULL SCREEN Exercise 14-08 On January 1, 2020, Crane Corporation had retained earnings of $531,000. During the year, Crane had the following selected transactions 1. Declared cash dividends $111,000 2. Corrected overstatement of 2019 net income because of inventory error $35,500. 3. Eamed net income $340,500 4. Declared stock dividends $55,500 Determine the retained earnings balance at the end of the year. Retained earnings Click If you would like to show Work for this questions on Show Work LINK...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 14 Swifty Corporation has 83,000 shares of common...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 14 Swifty Corporation has 83,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31 Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries lathe ander presented in the problem Credit account titles are automatically indented when amount is entered. Do...
CALCULATOR PRINTER VERSION BACK Problem 14-01A - (Part Level Submission) (Video) on January 1, 2020, Wildhorse...
CALCULATOR PRINTER VERSION BACK Problem 14-01A - (Part Level Submission) (Video) on January 1, 2020, Wildhorse Corporation had the following stockholders' equity accounts Common Stock (524 par value, 63,000 shares issued and outstanding) $1,512,000 Paid-in Capital in Excess of Par-Common Stock 206,000 Retained Earnings 636,000 During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr...
Exercise 14-09 Sunland Company reported retained earnings at December 31, 2019, of $312,500. Sunland had 210,000...
Exercise 14-09 Sunland Company reported retained earnings at December 31, 2019, of $312,500. Sunland had 210,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.50 per share was declared and paid. 2. A 5% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $282,000. Compute the ending balance in retained earnings at the end of 2020....
ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Multiple Choice Question 66 Wildhorse Co. purchases a...
ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Multiple Choice Question 66 Wildhorse Co. purchases a new delivery truck for $74000. The sales taxes a $2000. The logs of the company is painted on the side of the truck for $1600. The truck's annual license is $140. The truck undergoes safety testing for $270. What does Wildhorse record as the cost of the new truck O $77870 $75870 $78010 $76000 TO TEXT Question Attempts of weed
ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 1 Blue Spruce Corporation is authorized to...
ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 1 Blue Spruce Corporation is authorized to issue 24,500 shares of $50 par value, 10% preferred stock and 130,000 shares of $5 par value common stock. On January 1, 2020, the ledger contained the following stockholders' equity balances Preferred Stock (10,000 shares) Paid-in Capital in Excess of Par-Preferred Stock Common Stock (61,000 shares) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $500,000 66,000 305,000 650,000 320,000 During 2020, the following...
CALCULATOR FULL SCREEN PRINTER VERSION BLACK Exercise 14-01 (Video) On January 1, Sandhill Corporation had 90,000...
CALCULATOR FULL SCREEN PRINTER VERSION BLACK Exercise 14-01 (Video) On January 1, Sandhill Corporation had 90,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 June 15 July 10 Dec. 1 15 Issued 28,500 additional shares of common stock for $16 per share. Declared a cash dividend of 51 per share to stockholders of record on June 30. Paid the $1 cash dividend....
Exercise 14-09 Oriole Company reported retained earnings at December 31, 2019, of $318,500. Oriole had 194,000 common Mock outstanding at the beginning of 2020. The following transactions occurred during 2020- 1. 2. 3. A cash dividend of 50.65 per share was declared and paid. A 10% stock dividend was declared and distributed when the market price Net Income was $285,000. Compute the ending balance in retained earnings at the end of 2020. Retained earnings Click if you would like to...
- 1.30 y Practice Assignment Gradebook . c ORION Downloadable Textbook Assignment RCES Brief Exercise 14-03 Crane Corporation has 51,500 shares of $11 par value common stock outstanding. It dedans 15% stock dividend on December when the market price per shares 17 The dividend shares are issued on December Prepare the entries for the declaration and sunce of the stock dividend. (ecord journal s in the order presented the proc e se utomatically indented when amontntered. Do not indenta lly...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Brief Exercise 14-03 Crane Corporation has 51,500 shares of $11 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account s are automatically indented when amount is entered. Do...
CALCULATOR FULL SCREEN Exercise 14-08 On January 1, 2020, Crane Corporation had retained earnings of $531,000. During the year, Crane had the following selected transactions 1. Declared cash dividends $111,000 2. Corrected overstatement of 2019 net income because of inventory error $35,500. 3. Eamed net income $340,500 4. Declared stock dividends $55,500 Determine the retained earnings balance at the end of the year. Retained earnings Click If you would like to show Work for this questions on Show Work LINK...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 14 Swifty Corporation has 83,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31 Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries lathe ander presented in the problem Credit account titles are automatically indented when amount is entered. Do...
CALCULATOR PRINTER VERSION BACK Problem 14-01A - (Part Level Submission) (Video) on January 1, 2020, Wildhorse Corporation had the following stockholders' equity accounts Common Stock (524 par value, 63,000 shares issued and outstanding) $1,512,000 Paid-in Capital in Excess of Par-Common Stock 206,000 Retained Earnings 636,000 During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr...
Exercise 14-09 Sunland Company reported retained earnings at December 31, 2019, of $312,500. Sunland had 210,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.50 per share was declared and paid. 2. A 5% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $282,000. Compute the ending balance in retained earnings at the end of 2020....
ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Multiple Choice Question 66 Wildhorse Co. purchases a new delivery truck for $74000. The sales taxes a $2000. The logs of the company is painted on the side of the truck for $1600. The truck's annual license is $140. The truck undergoes safety testing for $270. What does Wildhorse record as the cost of the new truck O $77870 $75870 $78010 $76000 TO TEXT Question Attempts of weed
ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 1 Blue Spruce Corporation is authorized to issue 24,500 shares of $50 par value, 10% preferred stock and 130,000 shares of $5 par value common stock. On January 1, 2020, the ledger contained the following stockholders' equity balances Preferred Stock (10,000 shares) Paid-in Capital in Excess of Par-Preferred Stock Common Stock (61,000 shares) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $500,000 66,000 305,000 650,000 320,000 During 2020, the following...
CALCULATOR FULL SCREEN PRINTER VERSION BLACK Exercise 14-01 (Video) On January 1, Sandhill Corporation had 90,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 June 15 July 10 Dec. 1 15 Issued 28,500 additional shares of common stock for $16 per share. Declared a cash dividend of 51 per share to stockholders of record on June 30. Paid the $1 cash dividend....
Most questions answered within 3 hours.
-
A local AM radio station broadcasts at an energy of
4.39×10-31 kJ/photon.
Calculate the frequency at...
asked 5 minutes ago -
Smithson Cutting is opening a new line of scissors for
supermarket distribution. It estimates its fixed...
asked 10 minutes ago -
A student working in a genetics lab was given the task of
studying a new Drosophila...
asked 11 minutes ago -
Object A is moving due east, while object B is moving due north.
They collide and...
asked 13 minutes ago -
Use the de Broglie relationship (l = h/mu where u is speed) to
determine the wavelengths...
asked 28 minutes ago -
An elliptical hair that is 80µ by 120µ in minor and
major diameters that is 10...
asked 29 minutes ago -
I need the SWOT analysis the Tenets of Warren Buffet for the
company "Goldman Sachs".
asked 29 minutes ago -
What is the state of relations between the Soviet Union and the
West between 1965 and...
asked 35 minutes ago -
regarding business managment-
1. define social identity theory / clearly state the
theory.
2. briefly mention...
asked 38 minutes ago -
Develop the pseudocode and the flowchart for a program that
finds the sum of 5 numbers.
asked 43 minutes ago -
Hi, I hope I can get some help with the following exercise in
C++( CPP):
1.Write...
asked 43 minutes ago -
Mul-Choice Psy
1. Kevin is a good student. He studies hard because when he does
he...
asked 58 minutes ago