Homework Answers
| a | Stock Dividends | 374220 | =(1485000/10)*14%*18 | |
| Common Stock Dividends Distributable | 207900 | =(1485000/10)*14%*10 | ||
| Paid-in-capital in excess of par- Common Stock | 166320 | |||
| b | Stock Dividends | 831600 | =(1485000/5)*14%*20 | |
| Common Stock Dividends Distributable | 207900 | =(1485000/5)*14%*5 | ||
| Paid-in-capital in excess of par- Common Stock | 623700 |
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On January 1, 2020, Blossom Corporation had $1,485,000 of common stock outstanding that was issued at par. It also had...
On January 1, 2020, Splish Brothers Inc. had $1,485,000 of common stock outstanding that was issued at par. 1t also...
On January 1, 2020, Splish Brothers Inc. had $1,485,000 of common stock outstanding that was issued at par. 1t also had retained earnings of $751,000. The company issued 45,000 shares of common stock at par on July 1 and earned net income of $390,000 for the year Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no...
Exercise 14-03 a-b (Video) On January 1, 2020, Blossom Corporation had $1,000,000 of common stock outstanding...
Exercise 14-03 a-b (Video) On January 1, 2020, Blossom Corporation had $1,000,000 of common stock outstanding that was issued at par. It also had retained earnings of $740,000. The company issued 35,000 shares of common stock at par on July 1 and earned net income of $390,000 for the year. Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent...
Exercise 14-03a-b (Video) On January 1, 2020, Ivanhoe Corporation had $1,010,000 of common stock outstanding that...
Exercise 14-03a-b (Video) On January 1, 2020, Ivanhoe Corporation had $1,010,000 of common stock outstanding that was issued at par. It also had retained earnings of $747,000. The company issued 37,500 shares of common stock at par on July 1 and earned net income of $405,000 for the year. Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. De not indent manually....
Exercise 14-03 a-b (Video) On January 1, 2020, Sunland Corporation had $1,445,000 of common stock outstanding...
Exercise 14-03 a-b (Video) On January 1, 2020, Sunland Corporation had $1,445,000 of common stock outstanding that was issued at par. It also had retained earnings of $743,500. The company issued 35,500 shares of common stock at par on July 1 and earned net income of $395,000 for the year. Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent...
Bercise 14-03-b (Video) On January 1, 2020, Pharoah Corporation had $1,100,000 of common stock outstanding that was...
Bercise 14-03-b (Video) On January 1, 2020, Pharoah Corporation had $1,100,000 of common stock outstanding that was issued at par. It also had retained earnings of $742,500. The company issued 41,000 shares of common stock at par on July 1 and eamed net income of $405,000 for the year Journalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account s are automatically indented when amount is entered. Do not indent manually....
Exercise 11-14 (Video) On January 1, 2020, Cheyenne Corp. had $1,065,000 of common stock outstanding that...
Exercise 11-14 (Video) On January 1, 2020, Cheyenne Corp. had $1,065,000 of common stock outstanding that was issued at par. It also had retained earnings of $748,500. The company issued 39,000 shares of common stock at par on July 1 and earned net income of $395,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually....
On January 1, 2022, Monty Corp. had $1,160,000 of common stock outstanding that was issued at...
On January 1, 2022, Monty Corp. had $1,160,000 of common stock outstanding that was issued at par and retained earnings of $811,000. The company issued 38,000 shares of common stock at par on July 1 and earned net income of $495,000 for the year. Journalize the declaration of a 17% stock dividend on December 10, 2022, for the following two independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is...
Exercise 11-21 On January 1, 2022, Riverbed Corp had $1,240,000 of common stock outstanding that was...
Exercise 11-21 On January 1, 2022, Riverbed Corp had $1,240,000 of common stock outstanding that was issued at par and retained earnings of $712,000. The company issued 27,000 shares of common stock at par on July 1 and earned net income of $511,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2022, for the following two independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no...
Exercise 11-21 On January 1, 2022, Pronghorn Corp had $1,340,000 of common stock outstanding that was...
Exercise 11-21 On January 1, 2022, Pronghorn Corp had $1,340,000 of common stock outstanding that was issued at par and retained earnings of $719,000. The company issued 31,000 shares of common stock at par on July 1 and earned net income of $406,000 for the year Journalize the declaration of a 17% stock dividend on December 10, 2022, for the following two independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no...
Your answer is partially correct. Try again. On January 1, 2020, Ivanhoe Corporation had $1,010,000 of...
Your answer is partially correct. Try again. On January 1, 2020, Ivanhoe Corporation had $1,010,000 of common stock outstanding that was issued at par. It also rtial had retained earnings of $747,000. The company issued 37,500 shares of common stock at par on July 1 and earned net income of $405,000 for the year. Ivan he compar -and Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. tically inde ation (Credit account...
On January 1, 2020, Splish Brothers Inc. had $1,485,000 of common stock outstanding that was issued at par. 1t also had retained earnings of $751,000. The company issued 45,000 shares of common stock at par on July 1 and earned net income of $390,000 for the year Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no...
Exercise 14-03a-b (Video) On January 1, 2020, Ivanhoe Corporation had $1,010,000 of common stock outstanding that was issued at par. It also had retained earnings of $747,000. The company issued 37,500 shares of common stock at par on July 1 and earned net income of $405,000 for the year. Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. De not indent manually....
Exercise 14-03 a-b (Video) On January 1, 2020, Sunland Corporation had $1,445,000 of common stock outstanding that was issued at par. It also had retained earnings of $743,500. The company issued 35,500 shares of common stock at par on July 1 and earned net income of $395,000 for the year. Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent...
Bercise 14-03-b (Video) On January 1, 2020, Pharoah Corporation had $1,100,000 of common stock outstanding that was issued at par. It also had retained earnings of $742,500. The company issued 41,000 shares of common stock at par on July 1 and eamed net income of $405,000 for the year Journalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account s are automatically indented when amount is entered. Do not indent manually....
Exercise 11-14 (Video) On January 1, 2020, Cheyenne Corp. had $1,065,000 of common stock outstanding that was issued at par. It also had retained earnings of $748,500. The company issued 39,000 shares of common stock at par on July 1 and earned net income of $395,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually....
Exercise 11-21 On January 1, 2022, Riverbed Corp had $1,240,000 of common stock outstanding that was issued at par and retained earnings of $712,000. The company issued 27,000 shares of common stock at par on July 1 and earned net income of $511,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2022, for the following two independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no...
Exercise 11-21 On January 1, 2022, Pronghorn Corp had $1,340,000 of common stock outstanding that was issued at par and retained earnings of $719,000. The company issued 31,000 shares of common stock at par on July 1 and earned net income of $406,000 for the year Journalize the declaration of a 17% stock dividend on December 10, 2022, for the following two independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no...
Your answer is partially correct. Try again. On January 1, 2020, Ivanhoe Corporation had $1,010,000 of common stock outstanding that was issued at par. It also rtial had retained earnings of $747,000. The company issued 37,500 shares of common stock at par on July 1 and earned net income of $405,000 for the year. Ivan he compar -and Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions. tically inde ation (Credit account...
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