(a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.
Weygandt, Accounting Principles, 13e
Exercise 14-05 a-b (Part Level Submission) (Video)
On October 1, Oulumber Corporation's stockholders' equity is as follows.
Common stock, $5 par value $381,500
Paid-in capital in excess of par-common stock 28,000
Retained earnings 165,000
Total stockholders' equity $574,500
On October 1, Cullumber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share.
(a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.
Par value before the stock dividend = _______
Par value after the stock dividend = _______
Homework Answers
Solution:
Par Value remains same before or after stock dividend.
Therefore,
Par value before stock dividend = $5
Par value after stock dividend = $5
Add Answer to:
(a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.
Exercise 14-05 a-b (Part Level Submission) (Video)
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Oullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value $381,500Paid-in capital in excess of par-common stock 28,000Retained earnings 165,000Total stockholders' equity $574,500 On October 1, Cullumber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Your answer is correct. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. (b) Indicate the balances in the three stockholders' equity...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Cullumber Corporation's stockholders' equity is as...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Cullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings $376,000 28,000 154,000 $558,000 Total stockholders' equity On October 1, Cullum ber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. ▼ (a) Your answer is incorrect. Try again Compute the par value per share (1) before the stock dividend...
On October 1, Blossom Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in...
On October 1, Blossom Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $380,500 27,000 163,000 $570,500 On October 1, Blossom declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend $ $ $...
Par value Is quity section of Heins E14.4 144 (LO1) On October 2 .000 and retained...
Par value Is quity section of Heins E14.4 144 (LO1) On October 2 .000 and retained earnings $900.000 ber 31, the stockholders' equity section of Heins Company consists of common stained earnings $900,000. Heins is considering the following two courses of action dividend on the 50,000, S10 par value shares outstanding, or (2) effecting a will reduce par value to $5 per share. The current market price is $14 per share. Compa and a .000 ,000 ,000 000 000 ze...
On November 1, 2017, Nixon Corporation's stockholders' equity section is as follows: Common stock, $10 par...
On November 1, 2017, Nixon Corporation's stockholders' equity section is as follows: Common stock, $10 par value Paid-in capital in excess of par $600,000 Retained earnings 200,000 Total stockholders' equity $980.000 180.000 On November 1, Nixon declares and distributes an 18% stock dividend when the market value of the stock is $14 per share. Instructions Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed
On June 30, 2015. Sharper Corporation's common stock is priced at $33.00 per share before any...
On June 30, 2015. Sharper Corporation's common stock is priced at $33.00 per share before any stock dividend or split, and the stockholders equlty section of its balance sheet appears as follows. Common stock-$8 par value, 85,000 shares authorized 34,000 shares issued and outstanding 272,000 oped 100,000 Paid-in capital in excess of par value, common stock 372,000 Retained earnings ook int 744,000 $ rint Total stockholders' equity rences Assume that the company declares and immediately distributes a 100% stock dividend....
Please solve. Show work if you can. Thanks! Exercise 14-05 a-b (Part Level Submission) (Video) On...
Please solve. Show work if you can. Thanks!
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Pharoah Corporation's stockholders' equity is as follows. Common stock, $7 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $536,200 23,000 168,000 $727,200 On October 1, Pharoah declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Compute the par value per share (1) before the stock dividend...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $5 par value $383,500 Paid-in capital in excess of par-common stock 25,000 Retained earnings 169,000 Total stockholders' equity $577,500 Part On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Study Your answer is correct. Compute the par value per share (1) before the stock dividend and...
On June 30, 2017, Sharper Corporation's common stock is priced at $26.00 per share before any...
On June 30, 2017, Sharper Corporation's common stock is priced at $26.00 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows Common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 400,eee 100,000 500.000 $1,eee eee 1. Assume that the company declares and immediately distributes a 100% stock dividend. This event...
On June 30, 2017, Sharper Corporation’s common stock is priced at $28.50 per share before any...
On June 30, 2017, Sharper Corporation’s common stock is priced
at $28.50 per share before any stock dividend or split, and the
stockholders’ equity section of its balance sheet appears as
follows.
Common stock—$8 par value, 60,000 shares
authorized, 24,000 shares issued and outstanding
$
192,000
Paid-in capital in excess of par value, common stock
100,000
Retained earnings
292,000
Total stockholders’ equity
$
584,000
1. Assume that the company declares and
immediately distributes a 100% stock dividend. This event is...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Cullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings $376,000 28,000 154,000 $558,000 Total stockholders' equity On October 1, Cullum ber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. ▼ (a) Your answer is incorrect. Try again Compute the par value per share (1) before the stock dividend...
On October 1, Blossom Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $380,500 27,000 163,000 $570,500 On October 1, Blossom declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend $ $ $...
Par value Is quity section of Heins E14.4 144 (LO1) On October 2 .000 and retained earnings $900.000 ber 31, the stockholders' equity section of Heins Company consists of common stained earnings $900,000. Heins is considering the following two courses of action dividend on the 50,000, S10 par value shares outstanding, or (2) effecting a will reduce par value to $5 per share. The current market price is $14 per share. Compa and a .000 ,000 ,000 000 000 ze...
On November 1, 2017, Nixon Corporation's stockholders' equity section is as follows: Common stock, $10 par value Paid-in capital in excess of par $600,000 Retained earnings 200,000 Total stockholders' equity $980.000 180.000 On November 1, Nixon declares and distributes an 18% stock dividend when the market value of the stock is $14 per share. Instructions Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed
On June 30, 2015. Sharper Corporation's common stock is priced at $33.00 per share before any stock dividend or split, and the stockholders equlty section of its balance sheet appears as follows. Common stock-$8 par value, 85,000 shares authorized 34,000 shares issued and outstanding 272,000 oped 100,000 Paid-in capital in excess of par value, common stock 372,000 Retained earnings ook int 744,000 $ rint Total stockholders' equity rences Assume that the company declares and immediately distributes a 100% stock dividend....
Please solve. Show work if you can. Thanks!
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Pharoah Corporation's stockholders' equity is as follows. Common stock, $7 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $536,200 23,000 168,000 $727,200 On October 1, Pharoah declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Compute the par value per share (1) before the stock dividend...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $5 par value $383,500 Paid-in capital in excess of par-common stock 25,000 Retained earnings 169,000 Total stockholders' equity $577,500 Part On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Study Your answer is correct. Compute the par value per share (1) before the stock dividend and...
On June 30, 2017, Sharper Corporation's common stock is priced at $26.00 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows Common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 400,eee 100,000 500.000 $1,eee eee 1. Assume that the company declares and immediately distributes a 100% stock dividend. This event...
On June 30, 2017, Sharper Corporation’s common stock is priced
at $28.50 per share before any stock dividend or split, and the
stockholders’ equity section of its balance sheet appears as
follows.
Common stock—$8 par value, 60,000 shares
authorized, 24,000 shares issued and outstanding
$
192,000
Paid-in capital in excess of par value, common stock
100,000
Retained earnings
292,000
Total stockholders’ equity
$
584,000
1. Assume that the company declares and
immediately distributes a 100% stock dividend. This event is...
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