Homework Answers
Add Answer to:
The issuer of a 5% common stock dividend (small stock dividend) to common stockholders should debit...
A company originally issued 14,000 shares of $10 par value common stock at $11 per share....
A company originally issued 14,000 shares of $10 par value common stock at $11 per share. The board of directors declares a 15% stock dividend when the market price of the stock is $19 a share. Which of the following is included in the entry CC record the declaration of a stock dividend? co nt. ac O A. Stock Dividends is debited for $39,900. O B. Paid-In Capital in Excess of Par Common is credited for $23,100 O C. Stock...
Corporation reported stockholders' equity on Dec 31 of the prior year as follows: Common stock, $5...
Corporation reported stockholders' equity on Dec 31 of the prior year as follows: Common stock, $5 par value, 1,000,000 shares $2,500,000 authorized, 500,000 shares issued ----- 2,5000,000 Paid-in capital in excess of par, common stock ----1,000,000 Retained earnings-------3,000,000 The following selected transactions occurred during the current year: Feb. 15 The board of directors declared a 7% stock dividend to stockholders of record on March 1, payable March 20. The stock was selling for $8 per share. Mar. 9 Distributed the...
On June 30, the board of directors of Sandals, Inc., declares a 100% stock dividend on...
On June 30, the board of directors of Sandals, Inc., declares a 100% stock dividend on its 26,000, $1 par, common shares. The market price of Sandals common stock is $31 on June 30. Record the stock dividend. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the stock dividend. Note: Enter debits before credits. General Journal Debit Credit Transaction June 30 Nathan's...
a company currently has 200,000 shares issued and 190,000 shares outstanding. if the company purchases 20.000...
a company currently has 200,000 shares issued and 190,000
shares outstanding. if the company purchases 20.000 shares of
treasury stock, what amount of shares will be outstanding?
A company currently has 200,000 shares issued and 190,000 shares outstanding. If the company purchases 20,000 shares of treasury stock, what amount of shares will be outstanding? Multiple Choice O 170,000 O 0 220,000. O 210,000 O 180.000. < Prev 20 of 30 !!! Next > Help Sa Which of the following financing...
1- The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10...
1- The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 20,000 shares authorized and 10,000 shares issued, 9,000 shares outstanding $100,000 Paid-in capital in excess of par value, common stock 50,000 Retained earnings 25,000 Treasury stock 11,500 Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is: Multiple Choice $1.15. $1.28. $11.50. $10.50. $10.00. 2- Comfort Mattresses, Inc. sold 26,000 shares of...
Rachel's Designs has 1,100 shares of 5%, $50 par value cumulative preferred stock issued at the...
Rachel's Designs has 1,100 shares of 5%, $50 par value cumulative preferred stock issued at the beginning of 2019. Al remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $10,000 in 2021. How much of the $10,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders? Preferred dividends in arrears for 2019...
Apr. Cash | Common Stock 177000 Paid-in Capital in Excess of Par-Preferred Stock 383500 June 15...
Apr. Cash | Common Stock 177000 Paid-in Capital in Excess of Par-Preferred Stock 383500 June 15 Cash Dividends 127000 Dividends Payable 127000 TJuly 10 Dividends Payable 127000 T Cash 127000 Dec. Cash 18000 Common Stock 6000 Paid-in Capital in Excess of Par-Preferred Stock 12000 Dec. 15 I Cash Dividends | Dividends Payable 627200 On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the...
Wildhorse Corporation has 11.80 million shares of common stock issued and outstanding. On June 1, the...
Wildhorse Corporation has 11.80 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 82 cents per share cash dividend to stockholders of record as of June 14, payable June 30. Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. How would the entries differ if the dividend were a liquidating dividend?
Assume CGM Corp has issued and outstanding 22,000 shares of 5%, $25 par value preferred stock...
Assume CGM Corp has issued and outstanding 22,000 shares of 5%, $25 par value preferred stock and issued and outstanding 15,000 shares of $15 stated value common stock. The board of directors declares dividends of $50,000, the preferred stock is cumulative, and $17,500 dividends is in arrears. What amount is allocated to common stockholders?
E14-1 On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding....
E14-1 On January 1, Guillen Corporation had 95,000 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 Issued 25,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 Issued 2,000 additional shares of common stock for $19...
A company originally issued 14,000 shares of $10 par value common stock at $11 per share. The board of directors declares a 15% stock dividend when the market price of the stock is $19 a share. Which of the following is included in the entry CC record the declaration of a stock dividend? co nt. ac O A. Stock Dividends is debited for $39,900. O B. Paid-In Capital in Excess of Par Common is credited for $23,100 O C. Stock...
On June 30, the board of directors of Sandals, Inc., declares a 100% stock dividend on its 26,000, $1 par, common shares. The market price of Sandals common stock is $31 on June 30. Record the stock dividend. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the stock dividend. Note: Enter debits before credits. General Journal Debit Credit Transaction June 30 Nathan's...
a company currently has 200,000 shares issued and 190,000
shares outstanding. if the company purchases 20.000 shares of
treasury stock, what amount of shares will be outstanding?
A company currently has 200,000 shares issued and 190,000 shares outstanding. If the company purchases 20,000 shares of treasury stock, what amount of shares will be outstanding? Multiple Choice O 170,000 O 0 220,000. O 210,000 O 180.000. < Prev 20 of 30 !!! Next > Help Sa Which of the following financing...
Rachel's Designs has 1,100 shares of 5%, $50 par value cumulative preferred stock issued at the beginning of 2019. Al remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $10,000 in 2021. How much of the $10,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders? Preferred dividends in arrears for 2019...
Apr. Cash | Common Stock 177000 Paid-in Capital in Excess of Par-Preferred Stock 383500 June 15 Cash Dividends 127000 Dividends Payable 127000 TJuly 10 Dividends Payable 127000 T Cash 127000 Dec. Cash 18000 Common Stock 6000 Paid-in Capital in Excess of Par-Preferred Stock 12000 Dec. 15 I Cash Dividends | Dividends Payable 627200 On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the...
E14-1 On January 1, Guillen Corporation had 95,000 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 Issued 25,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 Issued 2,000 additional shares of common stock for $19...
Most questions answered within 3 hours.
-
A pair of fair dice is tossed. Let X denote the larger of the
two numbers...
asked 2 minutes ago -
What are the variety of forms of products dispensed with aerosol
spray?
asked 6 minutes ago -
Which one of the following statements is true about C++
keywords?
a. A keyword can have...
asked 7 minutes ago -
Pyruvate Kinase, an allosteric enzyme, accelerates the
conversion of phosphoenolpyruvate to pyruvate.
1) Draw curves describing...
asked 9 minutes ago -
question 1
Which of the following is an example of a bottom-up technique
for developing promotional...
asked 26 minutes ago -
1)In FM modulation, what aspect of the carrier is being
modulated?
2)Explain in your own words,...
asked 23 minutes ago -
Andromeda Galaxy, M31, is considered a sister galaxy to Milky
Way galaxy. One similarirty is their...
asked 28 minutes ago -
How does temperature affect ADH during enzyme
kinetics?
asked 37 minutes ago -
A $1000 par value convertible bond has a conversion price of
$25. It is currently selling...
asked 45 minutes ago -
Write a java program that declares 10 element array (of type
integers), creates and initializes the...
asked 42 minutes ago -
import java.util.Arrays;
import java.util.Random;
import java.util.Scanner;
/**
* TODO Write a summary of the role of...
asked 47 minutes ago -
Sodium hydroxide is a strong base and ammonium hydroxide is a
weak base. Which of the...
asked 53 minutes ago