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necessary entries for the declaration and payment of the stock Stockton Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 15% stock dividend on June 1 when the market price per share was $13. The shares were issued on June 30. Instructions Prepare the necessary entries for the declaration and payment of the stock dividend. Business Management Assignment Help, Business Management Homework he ...

Other / Other 23 Mar 2016

the balances in the stockholders' equity On November 1, 2013, Tech Corporation's stockholders' equity section is as follows: Common stock, $10 par value $ 600,000 Paid-in capital in excess of par 205,000 Retained earnings 240,000 Total stockholders' equity $1,045,000 On November 1, Tech declares and distributes a 15% stock dividend when the market value of the stock is $13 per share. Instructions Indicate the balances in ...

Other / Other 23 Mar 2016

retained earnings statement for 2013 The following information is available for Matlin Inc.: Beginning retained earnings $600,000 Cash dividends declared 60,000 Net income for 2013 120,000 Stock dividend declared 15,000 Understatement of last year's depreciation expense 30,000 Instructions Based on the preceding information, prepare a retained earnings statement for 2013. Business Management Assignment Help, Business Mana ...

Other / Other 23 Mar 2016

stockholders' equity accounts Trane Corporation has the following stockholders' equity accounts: Preferred Stock Paid-in Capital in Excess of Par—Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value—Common Stock Paid-in Capital from Treasury Stock—Common Retained Earnings Treasury Stock—Common Instructions Classify each account using the following tabular alignment. Paid- ...

Other / Other 23 Mar 2016

Barrel Corporation's balance sheet The stockholders' equity section of Barrel Corporation's balance sheet at December 31, 2012, appears below: Stockholders' equity Paid-in capital Common stock, $10 par value, 400,000 shares authorized; 250,000 issued and outstanding $2,500,000 Paid-in capital in excess of par 1,200,000 Total paid-in capital 3,700,000 Retained earnings 600,000 Total stockholders' equ ...

Other / Other 23 Mar 2016

paid-in capital section of the balance sheet Desert Corporation has the following capital stock outstanding at December 31, 2013: 7% Preferred stock, $100 par value, cumulative 15,000 shares issued and outstanding $1,500,000 Common stock, no par, $10 stated value, 500,000 shares authorized, 350,000 shares issued and outstanding 3,500,000 The preferred stock was issued at $120 per share. The common stock was issued at an ave ...

Other / Other 23 Mar 2016

subdivisions of stockholders' equity During 2013, Pink Corporation had the following transactions and events: 1. Issued par value preferred stock for cash at par value. 2. Issued par value common stock for cash at an amount greater than par value. 3. Completed a 2 for 1 stock split in which the $10 par value common stock was changed to $5 par value stock. 4. Declared a small stock dividend when the market value was higher than the par ...

Other / Other 23 Mar 2016

Stockholders’ equity Paid-in capital The following items were shown on the balance sheet of Easton Corporation on December 31, 2013: Stockholders’ equity Paid-in capital Capital stock Common stock, $5 par value, 400,000 shares authorized; ______ shares issued and ______ outstanding $1,850,000 Additional paid-in capital In excess of par 165,000 Total paid-in capital 2,015,000 Retained ea ...

Other / Other 23 Mar 2016

Journalize the two transactions. On May 1, Howard Corporation purchased 2,000 shares of its $10 par value common stock at a cash price of $13/share. On July 15,900 shares of the treasury stock were sold for cash at $17/share. Instructions Journalize the two transactions. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 23 Mar 2016

entry for the issuance Lange Corporation issued 5,000 shares of stock. Instructions Prepare the entry for the issuance under the following assumptions. (a) The stock had a par value of $5 per share and was issued for a total of $65,000. (b) The stock had a stated value of $5 per share and was issued for a total of $65,000. (c) The stock had a par value of $5 per share and was issued to attorneys for services during in-corporation valu ...

Other / Other 23 Mar 2016