A company with 100,000 authorized shares of $4 par common stock issued 50,000 shares at $9. Subsequently, the company declared a 2% stock dividend on a date when the market price was $10 a share. The effect of the declaration and issuance of the stock dividend is to a.decrease retained earnings, increase common stock, and decrease paid-in capital b.increase retained earnings, decrease common stock, and increase paid-in capital c.increase retained earnings, decrease common stock, and decrease paid-in capital d.decrease retained earnings, increase common stock, and increase paid-in capital

Q: Beta Co. sold 10,000 shares of common stock, which has a par value of $25, for $27 per share.The…

A: Stockholders' equity section of a balance sheet includes paid in capital and retained earnings.

Q: A company had stock outstanding as follows during each of its first three years of operations: 4,000…

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

Q: A company with 88,000 authorized shares of $8 par common stock issued 30,000 shares at $12.…

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

Q: A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8.…

A: Stock dividend is dividend payment made to shareholders by company in the mode of shares rather than…

Q: At the beginning of the current year, Hardin Company had 20,000 shares of $10 par common stock…

A: Weighted average shares outstanding is a number of shares of the company after incorporating…

Q: On January 1, Crane Corporation had 94,500 shares of no-par common stock issued and outstanding. The…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: On January 1, Riverbed Corp had 62,300 shares of no-par common stock issued and outstanding. The…

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Q: On June 1, a board of directors declared a $3 per share cash dividend, payable on June 30 to all…

A: Total amount of dividend = No. of shares issued and outstanding x dividend per sahre = (1000 shares…

Q: A company with 106,000 authorized shares of s8 par common stock issued 50,000 shares at $16.…

A: The stock dividend is the dividend paid in the form of shares instead of cash.

Q: A company with 90,695 authorized shares of $8 par common stock issued 32,813 shares at $14 per…

A: A small stock dividend is when a company issue less than 25% of outstanding shares as a stock…

Q: On January 1, Oriole Corporation had 83000 shares of $10 par value common stock outstanding. On June…

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Q: A company with 94,000 authorized shares of $7 par common stock issued 36,000 shares at $16.…

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Q: On January 1, Larkspur, Inc. had 93,000 shares of no-par common stock issued and outstanding. The…

A: Journal entry: This is the first step to record accounts. It is written in the same order in which…

Q: A company has 588,000 shares of $10 par value common stock outstanding. During the year, the company…

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Q: On January 1, Pharoah Company had 64,500 shares of no-par common stock issued and outstanding. The…

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Q: A corporation reacquires 60,000 shares of its own $10 par common stock for $3,000,000, recording it…

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A: Stock Dividends is a type of dividends that issued to Shareholders in terms of Shares.

Q: Goggle Corporation issued 5,000 stocks of its $1 par value common stocks as a stock dividend when…

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Q: Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of…

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Q: A company with 80,474 authorized shares of $8 par common stock issued 30,606 shares at $12 per…

A: Formulas: Stock dividend = Number of shares issued * Par value * Stock dividend rate

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Q: On January 1, Pina Colada Corp. had 94,000 shares of no-par common stock issued and outstanding. The…

A: Common Shares issued and outstanding at the time declaring Dividend on April 1   94000 shares +…

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Q: Emma Systems, Inc. declared and issued a 9 percent stock dividend. The company has 720,000 shares…

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A: Authorized Shares = 118808 Shares  Face Value = $5

Q: A company with 100,000 authorized shares of $4 par common stock issued 50,000 shares at $8.…

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Q: On January 1, Year 1, a company had the following transactions: Issued 10,000 shares of $2.00 par…

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Q: Global Corporation had 60,000 shares of $20 par value common stock outstanding on July 1. Later that…

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Q: A company has 1,800 shares of 6%, $100 par value preferred stock the company issued at the beginning…

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Q: A company has 1,000 shares of $100 par value, 4.5% cumulative and non- participating preferred stock…

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Q: On October 1, Ivanhoe Corporation’s stockholders’ equity is as follows. Common stock, $5 par value…

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A: when a stock dividend is declared, it will reduce the retained earnings balance by the amount of…

Q: Atkins Company has 20,000 shares of $5 par value common stock outstanding prior to declaring a 10%…

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Q: For the current year ended, ABC had the following transactions: ​ - Issued 10,000 shares of $2.00…

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Q: During the current year, Corporation A had 100,000 shares of common stock outstanding. On July 1,…

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Q: A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8.…

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Q: Please I want answer for this question of multiple choice. Big thanks

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Q: Mensa Corporation has 3,000 shares of 7%, $100 par value preferred stock outstanding at December 31,…

A: Dividend:   Dividend is sum of amount paid by company to its shareholders. Such amount is paid from…