h. XYZ Company declared a 2% stock dividend on common stock ($3 par). (Pretend there are 10,000 shares of common stock outstanding and that the current market value of a share of a common stock on that date was $20). DATE   Debit Credit X/X                           i. XYZ Company distributed the stock dividends from (h). DATE   Debit Credit X/X

Q: On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on…

A:

Q: Sheldon, Inc. declared a stock dividend of​ 100,000 shares on a date when the​ company's common…

A: Introduction: Dividend: Its given to the share holders as a return on their investments with the…

Q: On October 1, Oriole Corporation's stockholders' equity is as follows. Common stock, $7 par value…

A: Par Value remains same before or after stock dividend.

Q: Crane Corporation has 12.50 million shares of common stock issued and outstanding. On June 1, the…

A: Entries to record dividend, if the dividend represents a distribution of earnings.

Q: On September 1, 1,500 shares of M Company stock are acquired at a price of $24 per share plus a $40…

A: Definition: Dividends: This is the amount of cash distributed to stockholders by a company out its…

Q: Hi Tech manufacturing company has 500,000 shares of $1 per value capital stock outstanding on…

A: Dividends means the portion of Earnings per share (EPS), distributed to common stockholders in form…

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: Green Planet Corp. has (a) 5,000 shares of cumulative 10% preferred stock with a $2 par value and…

A: Total dividend to be paid to preferred holders=Number of share×Par value×10%=5,000×$2×10%=$1,000

Q: On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common…

A: Treasury Stock: Treasury stock, sometimes referred to as treasury shares or reacquired stock, is…

Q: The shareholders’ equity of Raven Company is as shown:   RAVEN COMPANY Partial Balance Sheet 1…

A: Stock dividend is a dividend distributed to equity shareholder in the form of shares, not in the…

Q: On January 1, Sunland Company had 135000 shares of $10 par value common stock outstanding. On March…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

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

A: The company can raise funds by various methods. Some of them are, by way of issuing common stock,…

Q: Luke Enterprises has 305,000 shares of $18 par common stock outstanding. On January 19, Luke…

A: Stock dividend result in issuance of shares of company to the existing shareholders unlike the cash…

Q: Ayayai Company has outstanding 2,700 shares of $100 par, 7% preferred stock and 14,100 shares of $10…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: Concord, Inc. issued 9800 shares of stock at a stated value of $7/share. The total issue of stock…

A: Given, Stated value = $7 per share Issue price = $12 per share Number of shares issued = 9,800…

Q: Foerch Corporation declared a stock dividend of 4,000 shares when the par value use $1 per share,…

A: Solution: Declaration of stock dividend results in decrease in retained earnings and increase in…

Q: Swifty Corporation's balance sheet reported the following: Capital stock outstanding, 4,500 shares,…

A: Journal entry refers to the recording of daily transactions of an organization. It has a credit and…

Q: At the beginning of the current year, Ace Company declared 10% stock dividend. The market price of…

A: Share premium value is the excess amount over the par value to be paid or received for the shares…

Q: Beacon Corporation issueda 4 percent stock dividend on 37,000 shares of its $8 par common stock. At…

A: Stock dividend is the dividend given to the shareholders' in the form of shares.

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

A: Stock dividend is a method of capitalizing the retained earning. Under this, no profit is…

Q: Tamara Corporation has 5,000 shares of $10 par value common stock outstanding and retained earnings…

A: Event Account Titles and Explanation Debit Credit a Retained earnings  $    10,000     To…

Q: The following account balances appear on the balance sheet of Osgood Industries: Common Stock…

A: The company raises the finance from various sources, one of them is common stock. The investor who…

Q: Prepare journal entries for each of the following transactions :"March 1 : Declared a 10 %6 stock…

A: Journal entry: Journal entry is a set of economic events that can be measured in monetary terms.…

Q: On October 1, Oriole Corporation's stockholders' equity is as follows. Common stock, $7 par value…

A: Stock dividend means when shares of the company are issued by way of dividend to the shareholders.…

Q: On January 1, Concord Corporation had 172000 shares of $10 par value common stock outstanding. On…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: Curtain Co. paid dividends of $8,000, $9,000, and $12,000 during Year 1, Year 2, and Year 3,…

A: Cumulative preferred stock is a type of preferred stock with a provision which stipulates that if…

Q: Lotoya Davis Corporation has 10 million shares of common stock issued and outstanding. On June 1,…

A: Step 1 The journal entry is recorded for the declaration of dividend under which retained earnings…

Q: Prepare journal entries for each of the following transactions :"March 1 : Declared a 10 %6 stock…

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Q: On January 1, Pharoah Company had 87000 shares of $10 par value common stock outstanding. On May 7,…

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Q: On January 1, Swifty Corporation had 71000 shares of $10 par value common stock outstanding. On June…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Top-Value Corporation has 900,000 shares of $26 par common stock outstanding. On September 2,…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: XYZ Company declared a 2% stock dividend on common stock ($3 par). (Pretend there are 10,000 shares…

A: A stock dividend is a dividend payment to shareholders that is made in shares rather than as cash.…

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

A: Solution: Amount of stock dividend = Outstanding shares * 9%* Market value per shar = 45668*9%*$6  =…

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A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

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A: The capital of the company can be raised by issuing the shares, bonds, debentures, etc., These are…

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A: Journal Entries are the 1st transaction the company enters into an account. These are recorded in…

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A: Paid in capital common stock contains preferred & common stock in total. It is also termed as…

Q: A company with 100,000 authorized shares of $6 par common stock issued 35,000 shares at $12.…

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A: Dividends: This is the amount of cash distributed to stockholders by a company out its earnings,…

Q: Beacon Corporation issued a 4 percent stock dividend on 37,500 shares of its $8 par common stock. At…

A: Ordinary stock dividend - Small stock dividend (usually less than 20-25%) recorded at FV of stock at…

Q: How many shares of common stock were outstanding at the end of the period? How many shares of…

A: 1. When common stock is issued for cash, cash, and common stock increase. Cash XXXX…

Q: Luke Enterprises has 300,000 shares of $20 par common stock outstanding. On January 19, Luke…

A: Working note 1: Determine the amount of stock dividend to be paid.   Particulars   Number…

Q: XYZ Company declared a 2% stock dividend on common stock ($5 par). (Pretend there are 100,000 shares…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: On January 1, 2022, Cheyenne Corp. had the following stockholders’ equity accounts. Common Stock…

A: Stockholders' equity is the statement which is prepared for the reporting of the items relating to…

Q: Company E reports the following stockholders' equity: Common Stock, 100,000 authorized, 30,000…

A: Retained Earnings:   Retained earnings is the amount retained by the company after their net…