Please help me fill this out and explain the computations. At the bottom I'm supposed to do journal entries to record both the dividend declaration and it's distribution along with journal entries to prepare the stockholders' equity section after the stock dividend is distributed (assume no other changes to equity). Let me know if you need any other information. If so, I can add another picture. Thanks!
Homework Answers
| 50% stock dividend (Par Value) | or | 3-for-1 stock split | ||
| Common Stock, $10 Par value, 75000 shares issued and outstanding | $7,50,000 | $11,25,000 | $7,50,000 | |
| Paid-in Capital in excess of Par value, common stock | $2,00,000 | $2,00,000 | $2,00,000 | |
| Retained Earnings | $4,10,000 | $35,000 | $4,10,000 | |
| Total Stockholders' Equity | $13,60,000 | $13,60,000 | $13,60,000 | |
| Common Stock shares outstanding | 75000 | |||
| 50% stock dividend (Par Value) | or | 3-for-1 stock split | ||
| Common Stock, $10 Par value, 150000 shares authorised, 60000 shares issued and outstanding | $6,00,000 | $7,25,000 | $6,00,000 | |
| Paid-in Capital in excess of Par value, common stock | $4,25,000 | $4,25,000 | $4,25,000 | |
| Retained Earnings | $5,50,000 | $4,25,000 | $5,50,000 | |
| Total Stockholders' Equity | $15,75,000 | $15,75,000 | $15,75,000 | |
| Common Stock shares outstanding | 25000 |
Add Answer to:
Please help me fill this out and explain the computations. At
the bottom I'm supposed to...
Please help me fill the rest of this out and explain the computations. Additionally, on Feb....
Please help me fill the rest of this out and explain the
computations. Additionally, on Feb. 5th the directors declare a 20%
stock dividend distributable on Feb. 28th to the Feb. 15th
stockholders of record. The stock's market value is $40 per share
on Feb. 5th before the stock dividend.
1. Prepare entries to record both the dividend declaration and
its distribution.
2. Prepare the stockholders' equity section after the stock
dividend is distributed. (Assume no other changes to equity)....
Help with 1 and 2 please. The stockholders' equity section of TVX Company on February 4...
Help with 1 and 2 please.
The stockholders' equity section of TVX Company on February 4 follows. Common stock-$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding.......... Paid-in capital in excess of par value, common stock .... Retained earnings. Total stockholders' equity ..... $ 600,000 425,000 550,000 $1,575,000 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on...
Required information (The following information applies to the questions displayed below.) The stockholders' equity of TVX...
Required information (The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$25 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,575,000 426,000 547,000 $2,548,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
I'm confused and don't understand this very well. Can someone please explain why we do the...
I'm confused and don't understand this very well. Can someone
please explain why we do the computations to arrive at these
numbers? I know that this is easy math, I just don't understand it
conceptually. Therefore, I don't know when to do what computations
and why. Thanks
Show computations & answers. # of dividend shares = (5), *.2) # of dividend shares = computation: 150,00 X.1) ) answer: 5, $ 10% stock dividend value (FMV = $25/share) (D, 20% stock...
Required information (The following information applies to the questions displayed below.) The stockholders' equity of TVX...
Required information (The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$20 par value, 150,000 shares authorized, 61,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,220,000 423,000 551,000 $2,194,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
Please do them all in order. thanks! ACT202: Chapter 13 Home Work Exercises Exercise 13-5: Large...
Please do them all in order. thanks!
ACT202: Chapter 13 Home Work Exercises Exercise 13-5: Large Stock Dividend and Stock Split: GIVEN: On June 30, 2017, Sharper Corporation's common stock is priced at $30.50 per share before any stock dividend or split, and the stockholders' equity section of its BS appears as follows: Common stock--$6 par value, 90,000 shares authorized, 216,000 100,000 36,000 shares issued and outstanding Paid-in capital in excess of par value, Common Stock Retained earnings 316,000 632,000...
the picture below is a different part! not associated with the above. Everything above this is...
the picture below is a different part! not
associated with the above. Everything above this is all
together.
The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$10 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 620,000 423,000 552,000 $1,595,000 Total stockholders' equity On February 5, the directors declare a 2% stock dividend distributable on February 28 to...
Help please! Required information [The following information applies to the questions displayed below.] The stockholders' equity...
Help please!
Required information [The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$5 par value, 150,000 shares authorized, 61,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 305,000 426,000 548,000 $1,279,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of...
Required information [The following information applies to the questions displayed below) The stockholders' equity of TVX...
Required information [The following information applies to the questions displayed below) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$5 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 315,000 430,000 551,080 $1,296,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The...
The stockholders' equity of TVX Company at the beginning of the day on February 5 follows....
The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$20 par value, 150,000 shares authorized, 57,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,140,000 422,000 548,000 $2,110,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders a record. The stock's market value is $31 per share on February 5 before the...
Please help me fill the rest of this out and explain the
computations. Additionally, on Feb. 5th the directors declare a 20%
stock dividend distributable on Feb. 28th to the Feb. 15th
stockholders of record. The stock's market value is $40 per share
on Feb. 5th before the stock dividend.
1. Prepare entries to record both the dividend declaration and
its distribution.
2. Prepare the stockholders' equity section after the stock
dividend is distributed. (Assume no other changes to equity)....
Help with 1 and 2 please.
The stockholders' equity section of TVX Company on February 4 follows. Common stock-$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding.......... Paid-in capital in excess of par value, common stock .... Retained earnings. Total stockholders' equity ..... $ 600,000 425,000 550,000 $1,575,000 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $40 per share on...
Required information (The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$25 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,575,000 426,000 547,000 $2,548,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
I'm confused and don't understand this very well. Can someone
please explain why we do the computations to arrive at these
numbers? I know that this is easy math, I just don't understand it
conceptually. Therefore, I don't know when to do what computations
and why. Thanks
Show computations & answers. # of dividend shares = (5), *.2) # of dividend shares = computation: 150,00 X.1) ) answer: 5, $ 10% stock dividend value (FMV = $25/share) (D, 20% stock...
Required information (The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$20 par value, 150,000 shares authorized, 61,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,220,000 423,000 551,000 $2,194,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's...
Please do them all in order. thanks!
ACT202: Chapter 13 Home Work Exercises Exercise 13-5: Large Stock Dividend and Stock Split: GIVEN: On June 30, 2017, Sharper Corporation's common stock is priced at $30.50 per share before any stock dividend or split, and the stockholders' equity section of its BS appears as follows: Common stock--$6 par value, 90,000 shares authorized, 216,000 100,000 36,000 shares issued and outstanding Paid-in capital in excess of par value, Common Stock Retained earnings 316,000 632,000...
the picture below is a different part! not
associated with the above. Everything above this is all
together.
The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$10 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 620,000 423,000 552,000 $1,595,000 Total stockholders' equity On February 5, the directors declare a 2% stock dividend distributable on February 28 to...
Help please!
Required information [The following information applies to the questions displayed below.] The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$5 par value, 150,000 shares authorized, 61,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 305,000 426,000 548,000 $1,279,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of...
Required information [The following information applies to the questions displayed below) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$5 par value, 150,000 shares authorized, 63,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 315,000 430,000 551,080 $1,296,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The...
The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$20 par value, 150,000 shares authorized, 57,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,140,000 422,000 548,000 $2,110,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders a record. The stock's market value is $31 per share on February 5 before the...
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