AB 116 WEEK 8 Problem 14 4A
Your answer is correct.
On January 1, 2014, Ven Corporation had the following stockholders’ equity accounts.
Common Stock (no par value, 87,000 shares issued and outstanding) $1,385,800
Retained Earnings 489,900
During the year, the following transactions occurred.
Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.
Mar. 1 Paid the dividend declared in February.
Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $36.
July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $11 per share.
31 Issued the shares for the stock dividend.
Dec. 1 Declared a $0.70 per share dividend to stockholders of record on December 15, payable January 5, 2015.
31 Determined that net income for the year was $301,900.
(Enter account name only and do not provide descriptive information.)
USA 
India