To record Journal entry for 6 June and 20 July and Whether UB account for the stock dividend as a small or large stock dividend Given information: A company named UB declares 20% stock dividend on 6 June, 2012 Issued shares are 78,161,209. Par value is $0.001 per share. Market value of stock dividend is $0.01 per share.

Question

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Answer 1

Question

Chapter 15, Problem 2JC

1.

To determine

To prepare: To record Journal entry for 6 June and 20 July and Whether UB account for the stock dividend as a small or large stock dividend

Given information:

A company named UB declares 20% stock dividend on 6 June, 2012

Issued shares are 78,161,209.

Par value is $0.001 per share.

Market value of stock dividend is $0.01 per share.

2.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities.

3.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities and choose different basic treatment and if company record it as small stock dividend.

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Answer 2

Question

Chapter 15, Problem 2JC

1.

To determine

To prepare: To record Journal entry for 6 June and 20 July and Whether UB account for the stock dividend as a small or large stock dividend

Given information:

A company named UB declares 20% stock dividend on 6 June, 2012

Issued shares are 78,161,209.

Par value is $0.001 per share.

Market value of stock dividend is $0.01 per share.

2.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities.

3.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities and choose different basic treatment and if company record it as small stock dividend.

Expert Solution & Answer

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Answer 3

Question

Chapter 15, Problem 2JC

1.

To determine

To prepare: To record Journal entry for 6 June and 20 July and Whether UB account for the stock dividend as a small or large stock dividend

Given information:

A company named UB declares 20% stock dividend on 6 June, 2012

Issued shares are 78,161,209.

Par value is $0.001 per share.

Market value of stock dividend is $0.01 per share.

2.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities.

3.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities and choose different basic treatment and if company record it as small stock dividend.

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Answer 4

Question

Chapter 15, Problem 2JC

1.

To determine

To prepare: To record Journal entry for 6 June and 20 July and Whether UB account for the stock dividend as a small or large stock dividend

Given information:

A company named UB declares 20% stock dividend on 6 June, 2012

Issued shares are 78,161,209.

Par value is $0.001 per share.

Market value of stock dividend is $0.01 per share.

2.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities.

3.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities and choose different basic treatment and if company record it as small stock dividend.

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Answer 5

Chapter 15, Problem 2JC

1.

To determine

To prepare: To record Journal entry for 6 June and 20 July and Whether UB account for the stock dividend as a small or large stock dividend

Given information:

A company named UB declares 20% stock dividend on 6 June, 2012

Issued shares are 78,161,209.

Par value is $0.001 per share.

Market value of stock dividend is $0.01 per share.

2.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities.

3.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities and choose different basic treatment and if company record it as small stock dividend.

Answer 6

Chapter 15, Problem 2JC

1.

To determine

To prepare: To record Journal entry for 6 June and 20 July and Whether UB account for the stock dividend as a small or large stock dividend

Given information:

A company named UB declares 20% stock dividend on 6 June, 2012

Issued shares are 78,161,209.

Par value is $0.001 per share.

Market value of stock dividend is $0.01 per share.

Answer 7

Chapter 15, Problem 2JC

1.

To determine

To prepare: To record Journal entry for 6 June and 20 July and Whether UB account for the stock dividend as a small or large stock dividend

Given information:

A company named UB declares 20% stock dividend on 6 June, 2012

Issued shares are 78,161,209.

Par value is $0.001 per share.

Market value of stock dividend is $0.01 per share.

Answer 8

2.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities.

Answer 9

2.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities.

Answer 10

3.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities and choose different basic treatment and if company record it as small stock dividend.

Answer 11

3.

To determine

The impact on the account if UB did not use alternative treatment permitted for closely held entities and choose different basic treatment and if company record it as small stock dividend.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 15 - Prob. 15.1Q Ch. 15 - What are the retained earnings of a firm?Ch. 15 - Prob. 15.3Q Ch. 15 - Prob. 15.4Q Ch. 15 - Does an entity have to legally dissolve treasury...Ch. 15 - Prob. 15.6Q Ch. 15 - Prob. 15.7Q Ch. 15 - Prob. 15.8Q Ch. 15 - Prob. 15.9Q Ch. 15 - Prob. 15.10Q

The impact on the account if UB did not use alternative treatment permitted for closely held entities.

The impact on the account if UB did not use alternative treatment permitted for closely held entities and choose different basic treatment and if company record it as small stock dividend.

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Chapter 15 Solutions