Slaneders & Sons Company has 1,000,000 authorized shares of
$20 par value common stock. As of...
Slaneders & Sons Company has 1,000,000 authorized shares of
$20 par value common stock. As of June 30, 2012, there were 500,000
shares issued and outstanding. On June 30, 2012, the board of
directors declared a $0.30 per share cash dividend to be paid on
August 1, 2012.
Instructions
Prepare the necessary journal entries
to be recorded on (a) the date of declaration, (b) the date of
record and (c) payment date.
Common and Preferred Cash Dividends
Wang Company currently has 200,000 shares of $1 par common stock...
Common and Preferred Cash Dividends
Wang Company currently has 200,000 shares of $1 par common stock
outstanding and 2,900 shares of $50 par preferred stock
outstanding. On July 10, the board of directors declared a
semiannual dividend of $0.33 per share on common stock to
shareholders of record on August 1, payable on August 5.
On July 15, the board of directors declared a semiannual
dividend of $4 per share on preferred stock to shareholders of
record on August 5,...
The shareholders’ equity of Core Technologies Company on June
30, 2017, included the following: Common stock,...
The shareholders’ equity of Core Technologies Company on June
30, 2017, included the following: Common stock, $1 par; authorized,
8 million shares; issued and outstanding, 3 million shares $
3,000,000 Paid-in capital—excess of par 12,000,000 Retained
earnings 14,000,000 On April 1, 2018, the board of directors of
Core Technologies declared a 10% stock dividend on common shares,
to be distributed on June 1. The market price of Core Technologies’
common stock was $30 on April 1, 2018, and $40 on...
On January 1, 2020, Samsung Corporation has 400,000 shares of $3
par value common stock outstanding....
On January 1, 2020, Samsung Corporation has 400,000 shares of $3
par value common stock outstanding. On the same date the
corporation’s board of directors declares a 12% stock dividend to
be issue on March 2, 2020. On the declaration date, the
corporation’s common stock fair market value is $4. On declaration
date, the corporation will record: *
Debit Stock Dividend $144,000
Debit Stock Dividend $192,000
Credit Stock Dividend $144,000
Credit Stock Dividend $192,000
A Company has 30,000 shares of...
The shareholders’ equity of Core Technologies Company on June
30, 2017, included the following:
Common stock,...
The shareholders’ equity of Core Technologies Company on June
30, 2017, included the following:
Common stock, $1
par; authorized, 5 million shares;
issued and outstanding, 2 million shares
$
2,000,000
Paid-in capital—excess of
par
8,000,000
Retained earnings
14,000,000
On April 1, 2018, the board of directors of Core Technologies
declared a 10% stock dividend on common shares, to be distributed
on June 1. The market price of Core Technologies’ common stock was
$32 on April 1, 2018, and $42 on...
The shareholders’ equity of Core
Technologies Company on June 30, 2015, included the following:
Common stock,...
The shareholders’ equity of Core
Technologies Company on June 30, 2015, included the following:
Common stock, $1
par; authorized, 8 million shares;
issued and outstanding, 3 million
shares
$
3,000,000
Paid-in
capital—excess of par
12,000,000
Retained
earnings
19,000,000
On April 1, 2016, the board of directors of Core Technologies
declared a 10% stock dividend on common shares, to be distributed
on June 1. The market price of Core Technologies’ common stock was
$34 on April 1, 2016, and $44 on...
5. On January 1, 2016, TripAdvisor Corporation had 25,000 shares
of $5 par value common stock...
5. On January 1, 2016, TripAdvisor Corporation had 25,000 shares
of $5 par value common stock issued and outstanding. During the
year, the following transactions
occurred:
June 1 Declared a cash dividend of $.35
per share to stockholders
of record on June 15.
June 30 Paid the cash dividend.
July 1 Announced a 3-for-1 stock split
to be distributed on August 1.
Oct. 1 Declared a cash dividend of $.15
per share.
Dec....
The shareholders’ equity of Core Technologies Company on June
30, 2020, included the following:
Common stock,...
The shareholders’ equity of Core Technologies Company on June
30, 2020, included the following:
Common stock, $1 par; authorized, 8 million shares;
issued and outstanding, 3 million shares
$
3,000,000
Paid-in capital—excess of par
12,000,000
Retained earnings
19,000,000
On April 1, 2021, the board of directors of Core Technologies
declared a 10% stock dividend on common shares, to be distributed
on June 1. The market price of Core Technologies’ common stock was
$34 on April 1, 2021, and $44 on...
issued 15 million shares of $1 par common stock for $465M on
June 19, 2019. On...
issued 15 million shares of $1 par common stock for $465M on
June 19, 2019. On November 1, 2019, the Board of Directors declared
a $0.20 dividend per share of common stock. The date of record was
November 10 and the dividend was to be paid on November 20. Record
all transactions in journal form that are related to the above
events.
1,400,000 shares of no-par common stock were authorized;
327,000 shares were issued on January 1, 2016,...
1,400,000 shares of no-par common stock were authorized;
327,000 shares were issued on January 1, 2016, at $30 per
share.
426,000 shares of $90 par value, 10.00% cumulative, preferred
stock were authorized, and 130,000 shares were issued on January 1,
2016, at $133 per share.
Net income for the years ended December 31, 2016, 2017, and
2018, was $4,680,000, $7,040,000, and $9,160,000,
respectively.
No dividends were declared or paid during 2016 or 2017.
However, on December 17, 2018, the board...