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Beacon Corporation issued a 5 percent stock dividend on 27,500 shares of its $8 par common...
Beacon Corporation issued a 4 percent stock dividend on 26,500 shares of its $7 par common...
Beacon Corporation issued a 4 percent stock dividend on 26,500 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $26 per share. Required a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of the stock...
Beacon Corporation issued a 4 percent stock dividend on 30,500 shares of its $9 par common...
Beacon Corporation issued a 4 percent stock dividend on 30,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $24 per share. Required a. Compute the amount of the stock dividend. Stock dividend b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing...
Beacon Corporation issued a 4 percent stock dividend on 30,500 shares of its $9 par common...
Beacon Corporation issued a 4 percent stock dividend on 30,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $24 per share. Required a. Compute the amount of the stock dividend. Stock dividend b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing...
Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 3 percent stock...
Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 3 percent stock dividend on 36,000 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $27 per share. Required a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Complete this question by entering your answers in the tabs below. Required...
On May 1 Year 1. Love Corporation declared a $48,500 cash dividend to be paid on...
On May 1 Year 1. Love Corporation declared a $48,500 cash dividend to be paid on May 31 to shareholders of record on May 15. Required Record the events occurring on May 1, May 15, and May 31 in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input...
Beacon Corporation issued a 4 percent stock dividend on 30,500 shares of its $9 par common...
Beacon Corporation issued a 4 percent stock dividend on 30,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $24 per share. Required c. Prepare the journal entry to record the stock dividend. (If no entry is required for a transaction/event, select journal entry required" in the first account field.) Answer is not complete. No Event General Journal Credit Debit 18,300 Common stock 10,980 Weaver Corporation had the following...
Saved Help Save & Exit Sub Exercise 8-15 Accounting for stock dividends LO 8-7 Check my...
Saved Help Save & Exit Sub Exercise 8-15 Accounting for stock dividends LO 8-7 Check my wo Beacon Corporation issued a 7 percent stock dividend on 39,000 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $30 per share. Required: a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model like the following one....
On January1 Teeter Corporation had 75000 shares of no par common stock issued and outstanding. The...
On
January1 Teeter Corporation had 75000 shares of no par common stock
issued and outstanding. The stock has a stated value $6 per share.
During the year, the following transaction occured.
Apr 1 Issued 8000 additional shares of common stock for $10
per share.
June 15 Declared a cash dividend of $2 per share to
stockholders of record on June 30.
July 10 Paid the $2. cash dividend.
Dec 1 Issued 3000 additional shares of commin stock for $12
per...
Newly formed S&J Iron Corporation has 196,000 shares of $5 par common stock authorized. On March...
Newly formed S&J Iron Corporation has 196,000 shares of $5 par common stock authorized. On March 1, 2018, S&J Iron issued 9,000 shares of the stock for $13 per share. On May 2, the company issued an additional 19,000 shares for $18 per share. S&J Iron was not affected by other events during 2018. Required: a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity...
Newly formed S&J Iron Corporation has 85,000 shares of $5 par common stock authorized. On March...
Newly formed S&J Iron Corporation has 85,000 shares of $5 par common stock authorized. On March 1, 2018, S&J Iron issued 9,500 shares of the stock for $11 per share. On May 2, the company issued an additional 17,000 shares for $19 per share. S&J Iron was not affected by other events during 2018. Required: a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity...
Beacon Corporation issued a 4 percent stock dividend on 26,500 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $26 per share. Required a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of the stock...
Beacon Corporation issued a 4 percent stock dividend on 30,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $24 per share. Required a. Compute the amount of the stock dividend. Stock dividend b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing...
Beacon Corporation issued a 4 percent stock dividend on 30,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $24 per share. Required a. Compute the amount of the stock dividend. Stock dividend b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing...
Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 3 percent stock dividend on 36,000 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $27 per share. Required a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Complete this question by entering your answers in the tabs below. Required...
On May 1 Year 1. Love Corporation declared a $48,500 cash dividend to be paid on May 31 to shareholders of record on May 15. Required Record the events occurring on May 1, May 15, and May 31 in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input...
Beacon Corporation issued a 4 percent stock dividend on 30,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $24 per share. Required c. Prepare the journal entry to record the stock dividend. (If no entry is required for a transaction/event, select journal entry required" in the first account field.) Answer is not complete. No Event General Journal Credit Debit 18,300 Common stock 10,980 Weaver Corporation had the following...
Saved Help Save & Exit Sub Exercise 8-15 Accounting for stock dividends LO 8-7 Check my wo Beacon Corporation issued a 7 percent stock dividend on 39,000 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $30 per share. Required: a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model like the following one....
On
January1 Teeter Corporation had 75000 shares of no par common stock
issued and outstanding. The stock has a stated value $6 per share.
During the year, the following transaction occured.
Apr 1 Issued 8000 additional shares of common stock for $10
per share.
June 15 Declared a cash dividend of $2 per share to
stockholders of record on June 30.
July 10 Paid the $2. cash dividend.
Dec 1 Issued 3000 additional shares of commin stock for $12
per...
Newly formed S&J Iron Corporation has 196,000 shares of $5 par common stock authorized. On March 1, 2018, S&J Iron issued 9,000 shares of the stock for $13 per share. On May 2, the company issued an additional 19,000 shares for $18 per share. S&J Iron was not affected by other events during 2018. Required: a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity...
Newly formed S&J Iron Corporation has 85,000 shares of $5 par common stock authorized. On March 1, 2018, S&J Iron issued 9,500 shares of the stock for $11 per share. On May 2, the company issued an additional 17,000 shares for $19 per share. S&J Iron was not affected by other events during 2018. Required: a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity...
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