Windsor, Inc. has 46,000 shares of $10 par value common stock outstanding. It declares a 13% stock dividend on December 1 when the market price per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend.

Q: Texas Inc. has 10,000 shares of 6%, $125 par value cumulative preferred stock and 50,000 shares of…

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

Q: On January 1, 2021, a company had 444,000 shares of common stock outstanding. During the year, it…

A: Weighted average no of shares = Opening outstanding shares + shares issued * period used /12 -…

Q: Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 15%…

A: Stock Dividend - Stock Dividend is the dividend issued by the company in the form of shares. This is…

Q: On January 1, 2021, Sunland Corp. had 459,000 shares of common stock outstanding. During 2021, it…

A: Note: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: Bramble Corp. has 55,000 shares of $13 par value common stock outstanding. It declares a 13% stock…

A: No. of shares issued under stock dividend = Number of outstanding shares x 13% = 55,000 shares x 13%…

Q: Tidwell Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 10%…

A: Stock dividend is the dividend that is paid in the form of stock rather cash. In this case,…

Q: February 16, Hawthorne Co. declares a $0.34 dividend to be paid on April 5. Hawthorne has 2,000,000…

A: Dividend  pay will result in cash outflows

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: Spring Company is authorized to issue 500,000 shares of $2 par value common stock. In its fırst…

A: Journal Entries Date Particulars LF Debit ($) Credit ($) March 1 Cash / Bank (40,000 x 9.75)…

Q: Bramble Corporation is authorized to issue both preferred and common stock. The par value of the…

A: Date Account Titles and Explanatiion Debit $ Credit $ Feb. 1 Cash (19500*57) 1111500…

Q: On October 1, Cullumber Corporation’s stockholders’ equity is as follows. Common stock, $6 par…

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

Q: On January 1, 2021, Bramble Corp. had 487,000 shares of common stock outstanding. During 2021, it…

A: Formula: Earning per share = Net Income / Weighted average number of shares outstanding or Earning…

Q: Howard Corporation had 10,000 shares of common stock outstanding at the beginning of the year. On…

A: During the year number of shares outstanding are not same. Due to purchase or sale of shares. To…

Q: Stockton Corporation has 160,000 shares of $5 par value common stock outstanding. It declared a 15%…

A: Definition:

Q: On January 1, 2021, Novak Corp. had  479,000 shares of common stock outstanding. During 2021, it had…

A: Weighted-Average Common Shares is used as a denominator in computing for earnings-per-share. There…

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

A:

Q: Texas Inc. has 6,849 shares of 7%, $100 par value cumulative preferred stock and 91,959 shares of $1…

A: Dividends are paid first to preferred stockholders. Dividend arrears are paid to cumulative…

Q: Sheridan Company has 48,000 shares of $10 par value common stock outstanding. It declares a 10%…

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

Q: Langley Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 15%…

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

Q: On april 12, hobson corporation declared a quarterlu dividend of 0.05 per share on its 200,000…

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

Q: Howard corporation had 10,000 shares of common stock outstanding at the beginning of the year. On…

A: Weighted average number of shares is the total number of outstanding shares calculated at the end of…

Q: Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2020. On May 1, Tomba…

A: Weighted average number of shares refers to number of shares after incorporating change in shares…

Q: The annual report for Sneer Corporation disclosed that the company declared and paid preferred…

A: Debit Credit   Dividends declared $         160,000     Dividends Payable   $      160,000…

Q: On January 1, 2021, Novak Corp. had  479,000 shares of common stock outstanding. During 2021, it had…

A: Earnings per share is a financial ratio that indicates a company’s ability to earn revenue for its…

Q: On January 1, 2021, Bramble Corp. had 487,000 shares of common stock outstanding. During 2021, it…

A: GIVEN     On January 1, 2021, Bramble Corp. had 487,000 shares of common stock outstanding. During…

Q: December 31, the stockholders’ equity section of the balance sheet of R & B Corporation reflected…

A: Stockholders Equity:  Stockholders' equity refers to the claims of owners on a company's resources…

Q: Pickens Corporation declares and issues a 10% stock dividend. On the date of declaration, the stock…

A: Journal Entry   Account Titles and Explanation  Debit   Credit  Retained Earnings  $…

Q: Texas Inc. has 6,150 shares of 5%, $100 par value cumulative preferred stock and 99,712 shares of $1…

A: Dividend on Preferred stock= Preferred Share*Par value*5%

Q: On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 60 million,…

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

Q: Sherry, Inc. had 140,000 shares of $5 par value common stock issued and outstanding as of December…

A: No. of shares issued under stock dividend = Number of outstanding shares x 40% = 140,000 shares x…

Q: Weaver Corporation had the following stock issued and outstanding at January 1, 2018:   94,000…

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

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

A: Large stock dividend, A stock dividend is considered to be large if the new shares being issued are…

Q: Journalize the issuance of the stock

A: Stocks (Common Stock and Preferred Stock):   There are two types of the share capital of a company.…

Q: Langley Corporation has 57,000 shares of $11 par value common stock outstanding. It declares a 15%…

A: Dividend :- This can be best understood with the help of an illustration. A person with surplus…

Q: Nebraska Inc. issues 3,050 shares of common stock for $97,600. The stock has a stated value of $11…

A: The journal entry for stock issuance is represented as: Cash…

Q: A year-end balance sheet includes the following information for Owners' Equity: Common stock…

A: Given that, common shares issued = 100000 shares Common stcok = $50000 Additional paid in capital =…

Q: On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 40 million,…

A:

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, 2021, Sunland Corp. had 459,000 shares of common stock outstanding. During 2021, it…

A: As you have posted multiple independent questions, we are answering the first three questions.…

Q: Sheffield Corp. has 84,000 shares of common stock outstanding. It declares a $1 per share cash…

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

Q: On January 1, 2021, Oriole Corp. had 478,000 shares of common stock outstanding. During 2021, it had…

A: Weighted average number of shares = sum of (Time adjustment * No. Of shares)

Q: Milo Co. had 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May…

A: Basic earnings per share = (Net income - Preferred dividend) / Weighted average no. of common shares…

Q: The annual report for Sneer Corporation disclosed that the company declared and paid preferred…

A: 1) Date Account Journal  Debit $ Credit $ 1 Dividend - Preferred stock 280,000     Dividends…

Q: On January 1, the company had 150,000 common shares outstanding. During the year, the following…

A: On January 1, the company had 150,000 common shares outstanding. During the year, the following…

Q: On January 1. 2021, Novak Corp. had 502,000 shares of common stock outstanding. During 2021, it had…

A: Solution:-  Weighted average number of shares outstanding as of December 31, 2021 Transaction…

Q: On January 1, 2021, a company had 499,000 shares of common stock outstanding. During the year, it…

A: Weighted average number of shares outstanding is the average number of shares that are outstanding…

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…