On July 1, Jones Corporation had the following capital
structure:
Common Stock, par $1; 8,000,000 authorized shares, 160,000 issued and outstanding | $ | 160,000 | |
Additional Paid-in Capital | 108,000 | ||
Retained Earnings | 188,000 | ||
Treasury Stock | None | ||
Required:
Complete the following table based on two independent cases
involving stock transactions: (Round "per share" answers to
2 decimal places.)
Case 1: |
The board of directors declared and issued a 100 percent stock dividend when the stock price was $6 per share. |
Case 2: |
The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $6 |
On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized...
On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 100,000 issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock $100,000 90,000 170,000 None Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $8 per share. Case 2: The board of...
On July 1. Jones Corporation had the following capital structure: Common Stock, par $1; 8,800, eee authorized shares, 165,809 issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock $165.ee 199.000 189,899 None Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $6 per share. Case 2: The board...
Chapter 11 Homework Microsoft 15 On July 1, Jones Corporation had the following capital structure: 0.63 noints Common Stock, par $1; 8,000,000 authorized shares, 100,000 issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock $100,000 90,000 170,000 None Required: Complete the following table based on two Independent cases involving stock transactions: (Round "per share answers to 2 decimal places.) Print Case 1. The board of directors declared and losed a 100 percent stock dividend when the stock price was...
On July 1, 2017, Jones Limited had the following share structure: Common shares (par $1; 200,000 authorized shares; 150,000 issued and outstanding) Contributed surplus Retained earnings $150,000 88,000 172,000 Required: Complete the following table based on three independent cases involving share transactions: (Round your par value answers to 2 decimal places.) Case 1: The board of directors declared and issued a 10 percent stock dividend when the share price was $8 per share. Case 2: The board of directors declared...
On July 1, 2017, Jones Limited had the following share structure: Common shares (par $1; 200,000 authorized shares; 150,000 issued and outstanding) Contributed surplus Retained earnings 150,000 inoued and outstanding) $150.000 $ 150,000 88,000 172,000 Required: Complete the following table based on three independent cases involving share transactions: (Round your par value answers to 2 decimal places.) Case 1: The board of directors declared and issued a 10 percent stock dividend when the share price was $8 per share. Case...
On July 1, 2017, Jones Limited had the following share structure: Common shares (par $1 200, 000 authorized shares; 150, 000 issued and outstanding Contributed surplus Retained earnings $150, 000 88, 000 172, 000 Required: Complete the following table based on three independent cases involving share transactions: (Round your par value answers to 2 decimal places.) The board of directors declared and issued a 10 percent stock dividend when the share price was $8 per share The board of directors...
On July 1, Davidson Corporation had the following capital structure: Common stock ( $4 par value) Additional paid-in capital Retained earnings Treasury stock $ 606,000 1,040,000 770,000 Required: Complete the table below for each of the two following independent cases: ((Round "Par value per share" amounts to 2 decimal places.) Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selling at $6 per share. Case 2: The board of directors announced...
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