On October 31, the stockholders' equity section of Crane Company's balance sheet consists of common stock $648,000 and retained earnings $391,000. Crane is considering the following two courses of action (1) Declaring a 6% stock dividend on the 81,000 $8 par value shares outstanding (2) Effecting a 2-for-1 stock split that will reduce par value to $4 per share. The current market price is $16 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Crane Company's Balance Sheet Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Retained earnings Total stockholders' equity s Dutstanding shares

Q: On January 5, the Daisy Corporation issued 15,000 shares of $50 par, 7% Preferred Stock at $53 per…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: Northwest Clothing Supply has the following transactions during the year related to stockholders'…

A: Total dividend declared  = (no. of Common stock + no. of preferred stock) x dividend per share =…

Q: During its first year of operations, Cullumber Company had the following transactions pertaining to…

A: Total cash received on Jan. 10 = No. of shares issued x pr value per share = 65000 x $5 = $325,000

Q: Q. question 4

A: Prepare entry for reselling the shares.

Q: Court Casuals has 100,000 shares of common stock outstanding as of the beginning of the year and has…

A: The question is based on the concept of Financial Accounting.

Q: On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10…

A: SOLUTION A JOURNAL IS THE COMPANY'S OFFICIAL BOOK IN WHICH ALL BUSINESS TRANSACTIONS ARE RECORDED IN…

Q: The Watermelon Company has $1,000,000 shares of 10%, $20 Par Value Preferred Stock outstanding. On…

A: 1. Stock Dividend: In this Dividend company issue additional shares to the existing shareholders…

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: The post-closing trial balance of Wildhorse Corporation at December 31, 2022, contains the following…

A:

Q: Bernard Corporation has the following shares outstanding: 8,000 shares of $50 par value, six percent…

A: Dividend on common stock = no. of shares x Dividend per share = 50,000 shares x $2.20 per share =…

Q: Trendy Computer Systems reported the following shareholders' equity section as of the beginning of…

A:

Q: Read & Learn Company has $1,000,000 shares of 10%, $20 Par Value Preferred Stock outstanding. On…

A: Number of Preferred Stock outstanding on 15th December = 1,000,000 shares Therefore, Number of…

Q: On October 31, the stockholders’ equity section of Oriole Company’s balance sheet consists of common…

A: Stock dividend shares = 83,300*6% Stock dividend shares = 4,998 Stock dividend ($) = 4,998*$15 Stock…

Q: On October 31, the stockholders' equity section of Sheridan Company consists of common stock…

A: Stockholder's equity:  It is also known as the balance of assets available to shareholders after…

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: On December 31, Westworld Inc. has the following equity accounts and balances: Retained Earnings,…

A: Stockholders' equity: Stockholders' equity means the remaining net assets available to shareholders.…

Q: On October 31, the stockholders' equity section of Manolo Company's balance sheet consists of common…

A: The stockholders' equity section records the transactions that relates to the shareholders of the…

Q: On January 1, Sheffield Corp. had 56,600 shares of no-par common stock issued and outstanding. The…

A: Dividend is payable on No. of outstanding shares.

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: Italian Stallion has the following transactions during the year related to stockholders' equity. 1…

A: Total dividend declared = Dividend per share x (No. of common stock + No. of preferred stock) =…

Q: On January 1, Pharoah Company had 64,500 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: Velvet Inc. had the following stockholders’ equity account balances at December 31,2006: Preferred…

A: Step 1 Journal is the part of book keeping.

Q: During its first year of operations, Harlan Corporation had the following transactions pertaining to…

A: A par value stock is a type of common or preferred stock having a nominal amount (known as par…

Q: After closing its books on December 31, 20--, Hilltop Corporation stockholders' equity accounts have…

A: The management prepares the equity statement for the owners to get information about the change in…

Q: On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding.…

A: Dividend can be defined as the profit distribution done by a corporation to its shareholders, who…

Q: On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding.…

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…

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: 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 +…

Q: On January 1, Vermont Corporation had 49,400 shares of $11 par value common stock issued and…

A: On february 1,vermont purchased treasury stock for $ 24 and on march 1 it sold treasury stock for…

Q: Court Casuals has 300,000 shares of common stock outstanding as of the beginning of the year and has…

A: Treasury shares are those shares which are being reacquired or repurchased by business from its…

Q: After closing the books at month end on June 30, 2020, Slayter Corporation's shareholders' equity…

A: Stock dividend is the distribution of dividend in the form of shares of the company. Stock split…

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

A: Stock dividends are dividends paid to the shareholders in the form of shares i.e. instead of cash…

Q: On June 30, Sharper Corporation’s stockholders' equity section of its balance sheet appears as…

A: Dividend means the amount given to shareholder of the company as profit distribution by company.…

Q: On December 31, 2012, the stockholders' equity section of Arndt, Inc., was as follows: Common stock,…

A: Amount debited to  retained earnings for stock dividend = fair value of the stock x no. of shares…

Q: On September 1, Ziegler Corporation had 56,000 shares of $5 par value common stock, and $168,000 of…

A: The facts mentioned in the question are as follows: Ziegler Corp has 56,000 shares at $5 par value…

Q: Italian Stallion has the following transactions during the year related to stockholders' equity.…

A: Total dividend declared = (No. of common stock + no. of preferred stock) x Dividend per share =…

Q: On September 1, Reedy Company has 500,000 shares of $30 par value ($330 market value) common stock…

A: Stock splits: Stock split means dividing single stock into multiple number of shares. Under stock…

Q: During its first year of operations, Blue Spruce Corp. had these transactions pertaining to its…

A: The stock in which shareholders are entitled to received dividend whose amount may vary from time to…

Q: At December 31, Gorden Corporation has total stockholders’ equity of $3,200,000. Included in this…

A: Book value per ordinary share can be defined as the ratio of shareholders' equity and the number of…

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

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

Q: Matthew Corporation is authorized to issue 1,500,000 shares of its P10 par Ordinary Shares. It has…

A: Share-holders equity is the statement of equity in which share issue, dividends and share splits are…

Q: On January 1, 2010, the accounts of Mac Corporation showed the following: Common stock, par SI,…

A: The stockholders equity section of the balance sheet is as follows:

Q: On January 1, 2007, Part Corporation had issued and outstanding 10,000 shares of P10 par common…

A: The dividend can be paid in cash form or shares form. The stock dividend less than 25% is issued at…

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: On February 13, Solo Inc. reacquires 50,000 shares of its $1 par value common stock at the current…

A: The treasury stock includes the own shares of the company that are repurchased from the…