Homework Answers
| Correct Answer : Did not change | |||||||
| Stock dividend is debited to retained earning and credited to common stock & additional paid in capital. | |||||||
| Therefore final effect on stock holders equity would be NIL. Because stockholders equity contains all common stock , retained earning , additional paid in capital. | |||||||
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On May 1, 2021, Sunland Company declared and issued a 10% common stock dividend. Prior to...
On December 31, 2021, Sunland Company had 1,280,000 shares of $6 par common stock issued and...
On December 31, 2021, Sunland Company had 1,280,000 shares of $6 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings $7,680,000 1,790,000 1.280,000 Transactions during 2022 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $113 per share 126,000 shares of $103 par value, 9% cumulative preferred stock. 2. On February 8, reacquired 12,500 shares of its...
On July 15, 2015, Tina declared and issued a 15 percent stock dividend. Prior to this...
On July 15, 2015, Tina declared and issued a 15 percent stock dividend. Prior to this dividend, Tina had 50,000 shares of $10 par value common stock issued and outstanding. The market value of Tina’s common stock on July 15, 2015, was $23 per share. As a result of this stock dividend, by what amount would Tina’s total stockholders' equity increase or decrease? All else equal, what would we expect the approximate market value per share of Tina’s stock to...
On July 15, 2015, Tina declared and issued a 15 percent stock dividend. Prior to this...
On July 15, 2015, Tina declared and issued a 15 percent stock dividend. Prior to this dividend, Tina had 50,000 shares of $10 par value common stock issued and outstanding. The market value of Tina’s common stock on July 15, 2015, was $23 per share. As a result of this stock dividend, by what amount would Tina’s total stockholders' equity increase or decrease? All else equal, what would we expect the approximate market value per share of Tina’s stock to...
On July 15, 2015, Tina declared and issued a 15 percent stock dividend. Prior to this...
On July 15, 2015, Tina declared and issued a 15 percent stock dividend. Prior to this dividend, Tina had 50,000 shares of $10 par value common stock issued and outstanding. The market value of Tina’s common stock on July 15, 2015, was $23 per share. All else equal, what would we expect the approximate market value per share of Tina’s stock to be after the dividend?
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
A corporation declared and issued a 20% stock dividend on October 1. The following information was...
A corporation declared and issued a 20% stock dividend on October 1. The following information was available immediately prior to the dividend Retained earnings Shares issued and outstanding Market value per share Par value per share $760,000 61,000 $ 16 $ 5 01:24:34 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is: Multiple Choice 0 0 0 O $1195.2003 561.000 0 < Prev 2 of 2018 Next >
On December 31, 2021, Carla Vista Co. had 1,300,000 shares of $6 par common stock issued...
On December 31, 2021, Carla Vista Co. had 1,300,000 shares of $6
par common stock issued and outstanding. At December 31, 2021,
stockholders’ equity had the amounts listed here.
Common Stock $7,800,000
Additional Paid-in Capital 1,840,000
Retained Earnings 1,215,000
Transactions during 2022 and other information related to
stockholders’ equity accounts were as follows.
1. On January 10, issued at $105 per share 127,000 shares of
$104 par value, 8% cumulative preferred stock.
2. On February 8, reacquired 15,100 shares of...
On December 31, 2021, Sheridan Company had 1,310,000 shares of $7 par common stock issued and...
On December 31, 2021, Sheridan Company had 1,310,000 shares of $7 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings $9,170,000 1,860,000 1,120,000 Transactions during 2022 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $109 per share 114,000 shares of $100 par value, 9% cumulative preferred stock. 2. On February 8, reacquired 16,900 shares of its...
On December 31, 2021, Crane Company had 1,380,000 shares of $7 par common stock issued and...
On December 31, 2021, Crane Company had 1,380,000 shares of $7 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings $9,660,000 1,805,000 1,255,000 Transactions during 2022 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $107 per share 111,000 shares of $100 par value, 7% cumulative preferred stock. 2. On February 8, reacquired 12,800 shares of its...
On January 1, Molini Corporation had 95,000 shares of no-par common stock issued and outstanding. The...
On January 1, Molini Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a par value of $5 per share. During the year, the following occurred. Jan. 5 Issued 25,000 additional shares of common stock for $17 per share. April 15 Declared a cash dividend of $1 per share to stockholders of record on April 30. May 10 Paid the $1 cash dividend. July 15 Declared a 10% stock dividend on 120,000 (95,000 + 25,000)...
On December 31, 2021, Sunland Company had 1,280,000 shares of $6 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings $7,680,000 1,790,000 1.280,000 Transactions during 2022 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $113 per share 126,000 shares of $103 par value, 9% cumulative preferred stock. 2. On February 8, reacquired 12,500 shares of its...
A corporation declared and issued a 20% stock dividend on October 1. The following information was available immediately prior to the dividend Retained earnings Shares issued and outstanding Market value per share Par value per share $760,000 61,000 $ 16 $ 5 01:24:34 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is: Multiple Choice 0 0 0 O $1195.2003 561.000 0 < Prev 2 of 2018 Next >
On December 31, 2021, Carla Vista Co. had 1,300,000 shares of $6
par common stock issued and outstanding. At December 31, 2021,
stockholders’ equity had the amounts listed here.
Common Stock $7,800,000
Additional Paid-in Capital 1,840,000
Retained Earnings 1,215,000
Transactions during 2022 and other information related to
stockholders’ equity accounts were as follows.
1. On January 10, issued at $105 per share 127,000 shares of
$104 par value, 8% cumulative preferred stock.
2. On February 8, reacquired 15,100 shares of...
On December 31, 2021, Sheridan Company had 1,310,000 shares of $7 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings $9,170,000 1,860,000 1,120,000 Transactions during 2022 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $109 per share 114,000 shares of $100 par value, 9% cumulative preferred stock. 2. On February 8, reacquired 16,900 shares of its...
On December 31, 2021, Crane Company had 1,380,000 shares of $7 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings $9,660,000 1,805,000 1,255,000 Transactions during 2022 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $107 per share 111,000 shares of $100 par value, 7% cumulative preferred stock. 2. On February 8, reacquired 12,800 shares of its...
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