Homework Help is Here – Start Your Trial Now!
Business
Accounting
at the beginning of the year, the shareholders' equity section of the statement of financial position of R&B Corporation reflected the ollowing Common shares (no par value, authorized 65,000 shares, outstanding 32,500 shares) Contributed surplus Retained earnings Accumulated other comprehensive Income $390,000 14,500 177,500 10,500 On February 1, the board of directors declared a 14 percent stock dividend to be issued on April 30 The market value per share was $20 on the declaration date. Required: 1. For comparative purposes, prepare the shareholders' equity section of the statement of financial position (a) before the stock dividend and (b) after the stock dividend

at the beginning of the year, the shareholders' equity section of the statement of financial position of R&B Corporation reflected the ollowing Common shares (no par value, authorized 65,000 shares, outstanding 32,500 shares) Contributed surplus Retained earnings Accumulated other comprehensive Income $390,000 14,500 177,500 10,500 On February 1, the board of directors declared a 14 percent stock dividend to be issued on April 30 The market value per share was $20 on the declaration date. Required: 1. For comparative purposes, prepare the shareholders' equity section of the statement of financial position (a) before the stock dividend and (b) after the stock dividend

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 4SEB: STOCK DIVIDENDS Martinez Company currently has 200,000 shares of 1 par common stock outstanding. On...
See similar textbooks
icon
Related questions
Question
E11-11 Analyzing Stock Dividends LO11-6 At the beginning of the year, the shareholders' equity section of the statement of financial position of R & B Corporation reflected the following Common shares (no par value, authorized 65,000 shares, outstanding 32,500 shares) Contributed surplus Retained earnings Accumulated other comprehensive Income On February 1, the board of directors declared a 14 percent stock dividend to be issued on April 30 The market value per share was $20 on the declaration date. Required: 1. For comparative purposes, prepare the shareholders equity section of the statement of financial position (a) before the stock dividend and (b) after the stock dividend Contributed capital Outstanding 32.500 shares Outstanding 37,050 shares $390,000 14,500 177,500 30,500 Common shares Retained earnings Accumulated other comprehensive income Tatal shareholders' equity Shareholders' Equity Before Stock Dividend 390,000 390,000 After Stock Dividend
Transcribed Image Text:E11-11 Analyzing Stock Dividends LO11-6 At the beginning of the year, the shareholders' equity section of the statement of financial position of R & B Corporation reflected the following Common shares (no par value, authorized 65,000 shares, outstanding 32,500 shares) Contributed surplus Retained earnings Accumulated other comprehensive Income On February 1, the board of directors declared a 14 percent stock dividend to be issued on April 30 The market value per share was $20 on the declaration date. Required: 1. For comparative purposes, prepare the shareholders equity section of the statement of financial position (a) before the stock dividend and (b) after the stock dividend Contributed capital Outstanding 32.500 shares Outstanding 37,050 shares $390,000 14,500 177,500 30,500 Common shares Retained earnings Accumulated other comprehensive income Tatal shareholders' equity Shareholders' Equity Before Stock Dividend 390,000 390,000 After Stock Dividend
Contributed capital Outstanding 32.500 shares Outstanding 37,050 shares Common shares Retained earnings Accumulated other comprehensive income Total shareholders' equity Item Assets Liabilities Shareholders' equity 2. Determine the effects of this stock dividend on the company's assets, Babilities, and shareholders equity (Indicate the direction of the effect by selecting increase, decrease, or "No change for no effect from the dropdown menu.) Total shareholders' equity Retained earnings Share capital S Effects of Stock Dividend 390,000 390,000
Transcribed Image Text:Contributed capital Outstanding 32.500 shares Outstanding 37,050 shares Common shares Retained earnings Accumulated other comprehensive income Total shareholders' equity Item Assets Liabilities Shareholders' equity 2. Determine the effects of this stock dividend on the company's assets, Babilities, and shareholders equity (Indicate the direction of the effect by selecting increase, decrease, or "No change for no effect from the dropdown menu.) Total shareholders' equity Retained earnings Share capital S Effects of Stock Dividend 390,000 390,000
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial & Managerial Accounting
Financial & Managerial Accounting
Accounting
ISBN:
9781285866307
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS