Answer:
JUN COMPANY | |
Stockholders' Equity | |
April 2 (after stock dividend) | |
Common stock [1,400,000 + 140,000] | $1,540,000 |
Paid-in capital in excess of par value, common stock [650,000+280,000] | $930,000 |
Total paid-in capital | $2,470,000 |
Retained earnings [913,000-420,000] | $493,000 |
Total stockholders' equity | $2,963,000 |
Calculations:
Stock dividend (in shares) = 280,000 x 10% = 28,000 shares
Decrease in Retained earnings [28,000 x $ 15 market rate] | $420,000 |
Increase in common stock [28,000 x $5 par] | $140,000 |
Increase in Paid-in capital in excess of par [420,000 - 140,000] | $280,000 |
QS 13-7 Accounting for small stock dividend LO P2 The stockholders' equity section of Jun Company's...
QS 13-7 Accounting for small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). pints Common stock-$5 par value, 395,000 shares authorized, 210,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 1,050,000 510,000 843,000 $ 2,403,000 Total...
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i need help QS 13-7 Accounting for small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). points eBook Common stock-$5 par value, 395,000 shares authorized, 210,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity...
The stockholders’ equity section of Jun Company’s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stock’s per share market value on April 2 is $10 (prior to the dividend). QS 13-7 Accounting for small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stock's per share market value...
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend) Common stock-$5 par value, 495,000 shares authorized, 260,000 shares issued and outstanding $1,300,006 Paid-in capital in excess of par value, common stock 610,000 893,000 $2,803,000 Retained earnings Total stockholders' equity Prepare the stockholders' equity section immediately after the stock dividend...
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Need-to-Knows Saved Help The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend). Common stock-$5 par value, 375,800 shares authorized, 200,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,000,000 600.000 833, eee $2,433,888 Prepare the stockholders' equity section immediately...
The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Common stock-$5 par value, 395,000 shares authorized, 210,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,050,000 510,000 843,000 $2,403,000 Prepare the stockholders' equity section immediately after the stock dividend...
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