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 $16 per share. The balance in the common stock account,
before the stock dividend was declared, was $1,200,000. 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?
On January 1, 2016, Gerlach Inc. had the following account
balances in its shareholders' equity accounts....
On January 1, 2016, Gerlach Inc. had the following account
balances in its shareholders' equity accounts.
Common stock, $1 par, 259,000
shares issued
259,000
Paid-in capital - excess of
par, common
518,000
Paid-in capital - excess of par,
preferred
145,000
Preferred stock, $100 par,
14,500 shares outstanding
1,450,000
Retained earnings
2,900,000
Treasury stock, at cost, 5,900
shares
29,500
During 2016, Gerlach Inc. had several transactions relating to
common stock.
January 15:
Declared a property dividend of 100,000 shares of Slowdown...
On January 1, 2018, Walker Corporation had the following account
balances:
Common stock, $1 par, 250,000...
On January 1, 2018, Walker Corporation had the following account
balances:
Common stock, $1 par, 250,000 shares issues 250,000
Paid-in-capital - excess of par, common 500,000
Preferred stock, $100 par, 10,000 shares outstanding
1,000,000
Paid-in-capital - excess of par, preferred 100,000
Retained Earnings 2,000,000
Treasury stock, at cost, 5,000 shares 25,000
During 2018, the following transactions occurred relating to
common stock:
1/15/18 - Declared a property dividend of 100,000 shares of
Wagner Company (book value $10 per share; fair value...
The company with the common equity accounts shown here has
declared a 12 percent stock dividend...
The company with the common equity accounts shown here has
declared a 12 percent stock dividend at a time when the market
value of its stock is $59 per share.
Common stock ($1 par value) $ 400,000
Capital surplus 1,572,000
Retained earnings 3,864,000
Total owners’ equity $ 5,836,000
Show the new equity account balances after the stock dividend
distribution. (Do not round intermediate calculations and round
your answers to the nearest whole number, e.g., 32.)
Common stock $
Capital surplus...
The company with the common equity accounts shown here has
declared a 11 percent stock dividend...
The company with the common equity accounts shown here has
declared a 11 percent stock dividend at a time when the market
value of its stock is $51 per share.
Common stock ($1 par value)
$
450,000
Capital surplus
1,553,000
Retained earnings
3,874,000
Total owners’ equity
$
5,877,000
Show the new equity account balances after the stock dividend
distribution. (Do not round intermediate calculations and
round your answers to the nearest whole number, e.g.,
32.)
Common stock
$
Capital surplus...
The company with the common equity accounts shown here has
declared a 10 percent stock dividend...
The company with the common equity accounts shown here has
declared a 10 percent stock dividend at a time when the market
value of its stock is $64 per share.
Common stock ($1 par value)
$
430,000
Capital surplus
1,551,000
Retained earnings
3,870,000
Total owners’ equity
$
5,851,000
Show the new equity account balances after the stock dividend
distribution. (Do not round intermediate calculations and
round your answers to the nearest whole number, e.g.,
32.)
Common stock
$
Capital surplus...
QS 11-7 Accounting for small stock dividend LO P2
The stockholders’ equity section of Jun Company’s...
QS 11-7 Accounting for small stock dividend LO P2
The stockholders’ equity section of Jun Company’s balance sheet
as of April 1 follows. On April 2, Jun declares and distributes a
15% stock dividend. The stock’s per share market value on April 2
is $15 (prior to the dividend).
Common stock—$5 par value, 435,000 shares
authorized, 230,000 shares issued and outstanding
$
1,150,000
Paid-in capital in excess of par value, common stock
550,000
Retained earnings
863,000
Total stockholders' equity
$...
Problem 3 (Small and Large Stock Dividends)
On November 7, Lauren Enterprise Company declared a share...
Problem 3 (Small and Large Stock Dividends)
On November 7, Lauren Enterprise Company declared a share
capital dividend distributable to shareholders of record of
November 15, distributable on December 5. The Lauren Enterprise
Company has 250,000 ordinary shares with 20 par value per share at
the date of declaration. The fair market value of Lauren Enterprise
as follows:
November 7 – 25 per share; November 15 – 22 per share; December
5 – 24 per share.
Requirement:
Prepare all...
On August 1, 2018, Towson Corp., declared a 10% stock dividend
on its common stock when...
On August 1, 2018, Towson Corp., declared a 10% stock dividend
on its common stock when the market value of the common stock was
$18 per share. The balance in the common stock account, before the
stock dividend was declared, was $1,200,000. 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?
4. On August 1, 2018, CDD Corp., declared a 10% stock dividend
on its common stock...
4. On August 1, 2018, CDD Corp., declared a 10% stock dividend
on its common stock when the market value of the common stock was
$25 per share. The balance in the common stock account, before the
stock dividend was declared, was $850,000. 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?