Homework Answers
The correct answer is will owned 300 shares before the stock dividend and 315 shares after the stock dividend.
Explanation
After stock dividend total market value of the shares will not increase or decrease but the number of shares will increase to 315 shares (300×1.05) after declaration of stock dividend.
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Cambridge Corp. declared a 5% stock dividend. Will Wales owned 300 shares of Cambridge before the...
1. Restrictions on retained earnings include all but which of the following characteristics? a) A restriction...
1. Restrictions on retained earnings include all but which of
the following characteristics?
a) A restriction on retained earnings means a reduction in the
power to declare dividends.
b) A journal entry must be made to indicate such a
restriction.
c) Restrictions on retained earnings must be disclosed in the
notes to the financial statements.
d) Only a portion of retained earnings may be restricted.
2. Cambridge Corp. declared a 5% stock dividend. Will Wales
owned 300 shares of Cambridge...
Question1 Coombs Corp. declared a two-for-one stock split. Solly Fogarty owned 500 shares of Coombs that...
Question1 Coombs Corp. declared a two-for-one stock split. Solly Fogarty owned 500 shares of Coombs that were trading for $20 each before the split. Which of the following is ikely to be true after the spl? The market price per share will drop by 50%. O The total market value of Solly's shares will double. The number of shares Soby owns wil increase by SO. The market price per share nli increase by 100%.
On August 1, 2018, Towson Corp., declared a 5% stock dividend on its common stock when...
On August 1, 2018, Towson Corp., declared a 5% stock dividend on its common stock when the market value of the common stock was $20 per share. The balance in the common stock account, before the stock dividend was declared, was $900,000. The par value of all common stock is $10. What is the total dollar amount credited to additional paid in capital - common stock on August 1, 2018? I need help ,I am stuck.
5. On January 5, 20X9, Sardi Minerald Corp. declared a cash dividend of $600,000 to stockholders...
5. On January 5, 20X9, Sardi Minerald Corp. declared a cash dividend of $600,000 to stockholders of record on January 21, 20X9, and payable on February 11, 20X9. The dividend is permissible under the laws of Sardi's state of incorporation. The following data pertain to 20X8: Net income for year ended 12/31/X8 Additional paid-in capital Retained earnings, 12/31/X8 $190,000 675,000 425,000 The $600,000 dividend includes a liquidating dividend of $0 $175,000 $410,000 $485,000 fock а. b. 78 с. d. On...
(b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend After Dividend...
(b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend After Dividend Outstanding shares Question 2 A corporation's own stock that has been reacquired by the corporation and held for future use is called treasury stock and is deducted from tota and is deducted from total on the balance sheet. The stockholders equity section of Culver Corporation's balance sheet consists of common stock ($ 8 par) 1,040,000 and retained earnings $ 500,000. A 10% stock dividend...
Tangshan Mining has 100,000 shares outstanding and just declared a 2-for-1 stock split. Before the announcement,...
Tangshan Mining has 100,000 shares outstanding and just declared a 2-for-1 stock split. Before the announcement, the firm's shares were trading at $50.00 per share. After the stock dividend, the firm's shares should trade at ________ per share.
Q-12 Adams Moving and Storage, a family-owned corporation, declared a property dividend of 1,200 shares of...
Q-12
Adams Moving and Storage, a family-owned corporation, declared a property dividend of 1,200 shares of GE common stock that Adams had purchased in February for $39,600 as an investment. GE's shares had a market value of $31 per share on the declaration date. Prepare the journal entries to record the property dividend on the declaration and payment dates. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list...
1 a. Declared a 50% stock dividend on 10,000 outstanding shares. The stock has a market...
1 a. Declared a 50% stock dividend on 10,000 outstanding shares. The stock has a market value of $25 and a par value of $10. b. Issued the shares from la. 2 Issued 5,000 common shares for cash at their market price. The stock has a market value of $25 and a par value of $10. 3 Issued 5,000 common shares to the original incorporators for free. The stock has a market value of $25 and a par value of...
On sep 15, 2020 cox corp declared and issued a 40% stock dividend. prior to this...
On sep 15, 2020 cox corp declared and issued a 40% stock dividend. prior to this dividend cox has 10k shares of 5 par value and outstanding. the market price of Cox's common stock on Sep 15 was $12 per share. As a result of this stock dividend by how much will retained earning account increase or decrease? a. -20k b. -50k c. 0 d. -48k e. -120k
Bramble Corp. owned 898000 shares of Cullumber Company stock. On December 31, 2018, when Bramble's account...
Bramble Corp. owned 898000 shares of Cullumber Company stock. On December 31, 2018, when Bramble's account “Equity Investments (Cullumber Company”) had a carrying value of $5 per share, Bramble distributed these shares to its stockholders as a dividend. Bramble originally paid $7 for each share. Cullumber has 4990000 shares issued and outstanding, which are traded on a national stock exchange. The quoted market price for a Cullumber share was $6 on the declaration date and $8 on the distribution date....
1. Restrictions on retained earnings include all but which of
the following characteristics?
a) A restriction on retained earnings means a reduction in the
power to declare dividends.
b) A journal entry must be made to indicate such a
restriction.
c) Restrictions on retained earnings must be disclosed in the
notes to the financial statements.
d) Only a portion of retained earnings may be restricted.
2. Cambridge Corp. declared a 5% stock dividend. Will Wales
owned 300 shares of Cambridge...
Question1 Coombs Corp. declared a two-for-one stock split. Solly Fogarty owned 500 shares of Coombs that were trading for $20 each before the split. Which of the following is ikely to be true after the spl? The market price per share will drop by 50%. O The total market value of Solly's shares will double. The number of shares Soby owns wil increase by SO. The market price per share nli increase by 100%.
5. On January 5, 20X9, Sardi Minerald Corp. declared a cash dividend of $600,000 to stockholders of record on January 21, 20X9, and payable on February 11, 20X9. The dividend is permissible under the laws of Sardi's state of incorporation. The following data pertain to 20X8: Net income for year ended 12/31/X8 Additional paid-in capital Retained earnings, 12/31/X8 $190,000 675,000 425,000 The $600,000 dividend includes a liquidating dividend of $0 $175,000 $410,000 $485,000 fock а. b. 78 с. d. On...
(b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend After Dividend Outstanding shares Question 2 A corporation's own stock that has been reacquired by the corporation and held for future use is called treasury stock and is deducted from tota and is deducted from total on the balance sheet. The stockholders equity section of Culver Corporation's balance sheet consists of common stock ($ 8 par) 1,040,000 and retained earnings $ 500,000. A 10% stock dividend...
Q-12
Adams Moving and Storage, a family-owned corporation, declared a property dividend of 1,200 shares of GE common stock that Adams had purchased in February for $39,600 as an investment. GE's shares had a market value of $31 per share on the declaration date. Prepare the journal entries to record the property dividend on the declaration and payment dates. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list...
1 a. Declared a 50% stock dividend on 10,000 outstanding shares. The stock has a market value of $25 and a par value of $10. b. Issued the shares from la. 2 Issued 5,000 common shares for cash at their market price. The stock has a market value of $25 and a par value of $10. 3 Issued 5,000 common shares to the original incorporators for free. The stock has a market value of $25 and a par value of...
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