On June 13, the board of directors of Siewert Inc. declared a 8% stock dividend on its 50 million, $10 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $26 on June 13.
Complete the below table to calculate the stock dividend.
Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. Thank you!
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On June 13, the board of directors of Siewert Inc. declared a 6% stock dividend on its 50 million, $2 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $33 on June 13 Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. Complete this question by entering your answers in the tabs below. Stock Dividend General Journal Complete...
Brief Exercise 18-14 (Algo) Stock split [LO18-8] On June 13, the board of directors of Siewert Inc, declared a 2-for-1 stock split on its 100 million, S1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $24 on June 13 Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is not to be effected in the form of a stock dividend. What is the par...
Brief Exercise 18-13 (Algo) Stock dividend (LO18-8] On June 13, the board of directors of Siewert Inc declared a 6% stock dividend on its 50 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $19 on June 13. Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. Complete this question by entering your answers in the...
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $25 on June 13. Prepare the journal entry to record the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? PLEASE NOTE = $.50 and $12.50 were...
On June 13, the board of directors of Siewert Inc, declared a 2-for-1 stock split on its 120 million, $5 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $23 on June 13 Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the split? Complete this question by entering your answers...
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 50 million, $10 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $26 on June 13. Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the split? Complete this question by entering your answers...
Chapter 18-2. On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $27 on June 13. Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the split? Prepare the journal entry to...
The shareholders' equity of Core Technologies Company on June 30, 2017, included the following: Common stock, $1 par authorized, 5 million shares issued and outstanding, 2 million shares Paid-in capital-excess of par Retained earnings $ 2,000,000 8.000.000 15,000,000 On April 1, 2018, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies' common stock was $26 on April 1, 2018, and $36 on...
Problem 18-6 The shareholders’ equity of Core Technologies Company on June 30, 2017,included the following: Common stock, $1 par; authorized, 7 million shares: Issued and outstanding, 3 million shares $ 3,000,000 Paid-in capital-excess of par 12,000,000 Retained earnings 10,000,000 On April , 2018, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies’ common stock was $24 on April 1, 2018, and...
Problem 18-6 The shareholders’ equity of Core Technologies Company on June 30, 2017,included the following: Common stock, $1 par; authorized, 7 million shares: Issued and outstanding, 3 million shares $ 3,000,000 Paid-in capital-excess of par $12,000,000 Retained earnings 10,000,000 On April , 2018, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies’ common stock was $24 on April 1, 2018, and...