ABC Company declared 5% stock divident. Par value is 1.50$ per share and there are 200,000...
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Company declared 5% stock divident. Par value is 1.50$ per share
and there are 200,000...
1. ABC COMPANY PURCHASED $500,000 BONDS IN XYZ COMPANY 2. ABC COMPANY PURCHASED $500,000 STOCK IN...
1. ABC COMPANY PURCHASED $500,000 BONDS IN XYZ COMPANY 2. ABC COMPANY PURCHASED $500,000 STOCK IN XYZ COMPANY 3. ABC COMPANY PURCHASED 5,000 SHARES OF ITS OWN COMMON STOCK FOR ITS TREASURY. THE PAR VALUE IS $3/SH AND THE SELLING PRICE IS $100/SH BASED ON 3. ABOVE, ABC COMPANY SOLD 1,000 SHARES OF ITS TREASURY STOCK FOR $102/SH 5. ABC COMPANY ISSUED 10,000 SHARES OF ITS COMMON STOCK FOR CASH. PV IS $3/SH AND THE SELLING PRICE IS $99/SH 6....
To reduce its stock price, Shriver Food Systems, Inc., declared and issued a 100 percent stock...
To reduce its stock price, Shriver Food Systems, Inc., declared and issued a 100 percent stock dividend. The company has 800,000 shares authorized and 200,000 shares outstanding. The par value of the stock is $1 per share and the market value is $100 per share. Prepare the journal entry to record this large stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet K...
ABC Furniture issues/sells 2000 shares of $1 par value common stock for cash at $10 per share. What is the journal entry...
ABC Furniture issues/sells 2000 shares of $1 par value common stock for cash at $10 per share. What is the journal entry to record the issuance of stock?
On October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of...
On October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of the common stock on this date was $32.4 per share. Fractional share rights represented 100,000 shares. Cash was paid in lieu of issuing fractional share rights. On the date of declaration and payment, the company had 10.4 million shares of common stock outstanding. The par of the common shares was $5. Required: Prepare any necessary Journal entry to record declaration and distribution of stock...
Hubbard Company issued 500,000 shares of common stock, $4 par, for $25 cash per share on...
Hubbard Company issued 500,000 shares of common stock, $4 par, for $25 cash per share on March 31, 20X1. Prepare the journal entry. Hubbard Company declared and paid a cash dividend of $1 per share on March 31, 20X2. Prepare the journal entry. Assume only the 500,000 shares from requirement 1 are outstanding. Hubbard Company had retained earnings of $10 million by March 31, 20X5. The market value of the common shares was $50 each. A common stock dividend of...
Coastal Corporation issued 25,000 shares of $11 par value common stock at $22 per share and...
Coastal Corporation issued 25,000 shares of $11 par value common stock at $22 per share and 6,000 shares of $56 par value, eight percent preferred stock at $84 per share. Later, the company purchased 3,000 shares of its own common stock at $26 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Coastal sold 2,000 shares of the treasury stock at $30 per share. Prepare the general...
On June 13, the board of directors of Siewert Inc, declared a 2-for-1 stock split on...
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...
muhammad company has 7000 shares of $5 par value common stock. the company declares a 15%...
muhammad company has 7000 shares of $5 par value common stock. the company declares a 15% stock dividend when the market price of the stock is $45 per share. the journal entry for the event would contain which of the following?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10%...
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Perry Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 30% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Prepare the necessary entries for the declaration and...
3. The ABC Corporation issued 5,000 shares of common stock, no par, no stated value for...
3. The ABC Corporation issued 5,000 shares of common stock, no par, no stated value for $8 per share on February 5, 2019. Prepare the journal entry for this sale of common stock. Dr. Cash $40,0000 Cr. Common Stock $5,000 Cr. Pic excess par c.S. $35,000
1. ABC COMPANY PURCHASED $500,000 BONDS IN XYZ COMPANY 2. ABC COMPANY PURCHASED $500,000 STOCK IN XYZ COMPANY 3. ABC COMPANY PURCHASED 5,000 SHARES OF ITS OWN COMMON STOCK FOR ITS TREASURY. THE PAR VALUE IS $3/SH AND THE SELLING PRICE IS $100/SH BASED ON 3. ABOVE, ABC COMPANY SOLD 1,000 SHARES OF ITS TREASURY STOCK FOR $102/SH 5. ABC COMPANY ISSUED 10,000 SHARES OF ITS COMMON STOCK FOR CASH. PV IS $3/SH AND THE SELLING PRICE IS $99/SH 6....
To reduce its stock price, Shriver Food Systems, Inc., declared and issued a 100 percent stock dividend. The company has 800,000 shares authorized and 200,000 shares outstanding. The par value of the stock is $1 per share and the market value is $100 per share. Prepare the journal entry to record this large stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet K...
On October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of the common stock on this date was $32.4 per share. Fractional share rights represented 100,000 shares. Cash was paid in lieu of issuing fractional share rights. On the date of declaration and payment, the company had 10.4 million shares of common stock outstanding. The par of the common shares was $5. Required: Prepare any necessary Journal entry to record declaration and distribution of stock...
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...
3. The ABC Corporation issued 5,000 shares of common stock, no par, no stated value for $8 per share on February 5, 2019. Prepare the journal entry for this sale of common stock. Dr. Cash $40,0000 Cr. Common Stock $5,000 Cr. Pic excess par c.S. $35,000
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