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Exercise 11-16A (Algo) Determining the effects of stock splits on the accounting records LO 11-7 The...
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- Live NBA Streaming. Maintenance Conn... Connect - Sign In The GOAT. Let's gra... ework Saved Help Save & Exit Su Check my wo Exercise 8-16 Determining the effects of stock splits on the accounting records LO 8-7 The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $270 per share. To reduce the market price of the common stock, Yeates declared a 3-for-1 stock split for the 310,000 outstanding shares of...
The market value of Yeates Corporation's common stock had become excessively high. The stock was currently...
The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $320 per share. To reduce the market price of the common stock, Yeates declared a 2-for-1 stock split for the 280,000 outstanding shares of its $8 par value common stock Required b. Determine the number of common shares outstanding and the par value after the split. (Round par value answer to 2 decimal places.) Number of common shares outstanding Par value per...
The market value of Yeates Corporation's common stock had become excessively high. The stock was currently...
The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $240 per share. To reduce the market price of the common stock, Yeates declared a 3-for-1 stock split for the 220,000 outstanding shares of its $8 par value common stock Required b. Determine the number of common shares outstanding and the par value after the split. (Round par value answer to 2 decimal places.) Number of common shares outstanding Par value per...
Styles LO 11-5 Exercise 11-128 Treasury stock transactions Earles Corporation repurchased 4,000 shares of its own...
Styles LO 11-5 Exercise 11-128 Treasury stock transactions Earles Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par value of $10 per share. A month later, Earles resold 2,500 shares of the treasury stock for $35 per share Required What is the balance of the treasury stock account after these transactions? Summary of Treasury Stock Account 1. 2. Accounting for stock dividends Exercise 11-15B LO 11-7 Egrett Corporation issued a 4 percent...
Exercise 11-5 Stock dividends and splits LO P2 On June 30, 2017, Sharper Corporation's common stock...
Exercise 11-5 Stock dividends and splits LO P2 On June 30, 2017, Sharper Corporation's common stock is priced at $29.50 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock-$6 par value, 60,000 shares authorized 24,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 144,000 100,000 244,000 $ 488.000 1. Assume that the company declares and immediately...
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...
E11-3 (Algo) Determining the Effects of the issuance of common and Preferred Stock LO11-1, 11-3, 11-7,...
E11-3 (Algo) Determining the Effects of the issuance of common and Preferred Stock LO11-1, 11-3, 11-7, 11-8 Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Common stock. $6 par value, 120,000 shares authorized Preferred stock, 6 percent, par value $6 per share, 5.100 shares authorized During the year, the following transactions took place in the order presented: a. Sold and issued 21,100 shares of common stock...
Problem 11-26A Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The...
Problem 11-26A Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 1, is as follows: Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 160,e00 shares authorized, 46,000 shares issued and outstanding Common stock, $20 stated value, 210,000 shares authorized, 46,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total...
PA11-3 Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-51 At December 31, the records of...
PA11-3 Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-51 At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,000. Shares issued, _?__ issue price $8 per share. Shares held as treasury stock, 11,200 shares, cost $6 per share Net income for the current year, $452,160. 1 Common Stock account, $148,000. Dividends declared and paid during the current year, $2 per share...
Determining Effects of Stock Splits Oracle Corp has had the following stock splits since its inception....
Determining Effects of Stock Splits Oracle Corp has had the following stock splits since its inception. Effective Date Split Amount October 12, 2000 2 for 1 January 18, 2000 2 for 1 February 26, 1999 3 for 2 August 15, 1997 3 for 2 April 16, 1996 3 for 2 February 22, 1995 3 for 2 November 8, 1993 2 for 1 June 16,1989 2 for 1 December 21, 1987 2 for 1 March 9, 1987 2 for 1 a....
- Live NBA Streaming. Maintenance Conn... Connect - Sign In The GOAT. Let's gra... ework Saved Help Save & Exit Su Check my wo Exercise 8-16 Determining the effects of stock splits on the accounting records LO 8-7 The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $270 per share. To reduce the market price of the common stock, Yeates declared a 3-for-1 stock split for the 310,000 outstanding shares of...
The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $320 per share. To reduce the market price of the common stock, Yeates declared a 2-for-1 stock split for the 280,000 outstanding shares of its $8 par value common stock Required b. Determine the number of common shares outstanding and the par value after the split. (Round par value answer to 2 decimal places.) Number of common shares outstanding Par value per...
The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $240 per share. To reduce the market price of the common stock, Yeates declared a 3-for-1 stock split for the 220,000 outstanding shares of its $8 par value common stock Required b. Determine the number of common shares outstanding and the par value after the split. (Round par value answer to 2 decimal places.) Number of common shares outstanding Par value per...
Styles LO 11-5 Exercise 11-128 Treasury stock transactions Earles Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par value of $10 per share. A month later, Earles resold 2,500 shares of the treasury stock for $35 per share Required What is the balance of the treasury stock account after these transactions? Summary of Treasury Stock Account 1. 2. Accounting for stock dividends Exercise 11-15B LO 11-7 Egrett Corporation issued a 4 percent...
Exercise 11-5 Stock dividends and splits LO P2 On June 30, 2017, Sharper Corporation's common stock is priced at $29.50 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock-$6 par value, 60,000 shares authorized 24,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 144,000 100,000 244,000 $ 488.000 1. Assume that the company declares and immediately...
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...
E11-3 (Algo) Determining the Effects of the issuance of common and Preferred Stock LO11-1, 11-3, 11-7, 11-8 Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Common stock. $6 par value, 120,000 shares authorized Preferred stock, 6 percent, par value $6 per share, 5.100 shares authorized During the year, the following transactions took place in the order presented: a. Sold and issued 21,100 shares of common stock...
Problem 11-26A Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 1, is as follows: Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 160,e00 shares authorized, 46,000 shares issued and outstanding Common stock, $20 stated value, 210,000 shares authorized, 46,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total...
PA11-3 Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-51 At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,000. Shares issued, _?__ issue price $8 per share. Shares held as treasury stock, 11,200 shares, cost $6 per share Net income for the current year, $452,160. 1 Common Stock account, $148,000. Dividends declared and paid during the current year, $2 per share...
Determining Effects of Stock Splits Oracle Corp has had the following stock splits since its inception. Effective Date Split Amount October 12, 2000 2 for 1 January 18, 2000 2 for 1 February 26, 1999 3 for 2 August 15, 1997 3 for 2 April 16, 1996 3 for 2 February 22, 1995 3 for 2 November 8, 1993 2 for 1 June 16,1989 2 for 1 December 21, 1987 2 for 1 March 9, 1987 2 for 1 a....
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