Answer time left: 01:45:26 * Please use the mouse to highlight where the specific question text is - navigate between text and image as necessary. Only the last selection will be saved. On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 165,000 issued and outstanding $ 165,000 Additional Paid-in Capital 109,000 Retained Earnings 189,000 Treasury Stock None Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $6 per share. Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $6 per share.
Answer time left: 01:45:26 * Please use the mouse to highlight where the specific question text is - navigate between text and image as necessary. Only the last selection will be saved. On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 165,000 issued and outstanding $ 165,000 Additional Paid-in Capital 109,000 Retained Earnings 189,000 Treasury Stock None Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $6 per share. Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $6 per share.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 3PA: Selected stock transactions The following selected accounts appear in the ledger of Parks...
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Question
On July 1, Jones Corporation had the following capital structure:
| Common Stock, par $1; 8,000,000 authorized shares, 165,000 issued and outstanding | $ 165,000 |
|---|---|
| Additional Paid-in Capital | 109,000 |
| Retained Earnings | 189,000 |
| None |
Required:
Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.)
| Case 1: | The board of directors declared and issued a 100 percent stock dividend when the stock price was $6 per share. |
|---|---|
| Case 2: | The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $6 per share. |
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