A company has 588,000 shares of $10 par value common stock outstanding. During the year, the company declared a 13% stock dividend when the market price of the stock was $30 per share. As a result of the dividend declared during the year, retained earnings decreased by (if r/e is not affected, then enter 0):

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A: 1. Cash from Share issue= 7000*20= 140000   2. Stock Dividend Calculaiton   No. of Shares…

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A: Retained earnings are the earning which is not distributed among shareholders in the form of…

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Q: Hernandez Company has 560,000 shares of $10 par value common stock outstanding. During the year,…

A: Shares outstanding = 560,000 shares Stock dividend = 15% = 560,000 * 15% = 84,000 shares Stock…

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A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…

Q: Ahnberg Corporation had 520,000 shares of common stock issued and outstanding at January 1. No…

A: Definition:   Earnings per share (EPS): The amount of net income available to each shareholder per…

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A: Solution: Amount of stock dividend = Outstanding shares * stock dividend % * market price  = 350000…

Q: Junkyard Arts, Inc., had earnings of $543,200 for the year. The company had 48,000 shares of common…

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Q: Junkyard Arts, Inc., had earnings of $316,000 for the year. The company had 40,000 shares of common…

A: Calculate earnings per share:

Q: During Year 3, Blue Ridge Corporation reported after-tax net income of $4,150,000. During the year,…

A: a. EPS = EAT - Preferred dividend / No. of common equity shareEAT = Earning after Tax EAT 4150000…

Q: Net income was $200,800 for the year. Throughout the year the company had outstanding 12,000 shares…

A: Formula: Basic EPS = ( Net Income - preferred dividend ) / outstanding shares of common stock.

Q: On January 1, the company had 150,000 common shares outstanding. During the year, the following…

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Q: Hernandez Company has 560,000 shares of $10 par value common stock outstanding. During the year,…

A: Stock Dividend = 560000 shares x 20% stock x $30 market price = $3,360,000