A company with 100,000 authorized shares of $6 par common stock issued 35,000 shares at $12. Subsequently, the company declared a 2% stock dividend on a date when the market price was $22 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?

Q: Following are the issuances of stock transactions. 1. A corporation issued 6,000 shares of $10 par…

A: Lets understand the basics.As per balance sheet equation, total assets is always equal to total of…

Q: Astro Corporation was started with the issue of 4,100 shares of $10 par stock for cash on January 1,…

A: The income statement shows the financial position of the company whether the business is making a…

Q: A corporation declared and issued a 25% stock dividend on October 1. The following information was…

A: A corporation declared and issued a 25% stock dividend on October 1. The following information was…

Q: At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions…

A: Stockholders equity represents the capital of the company that have been issued by the company in…

Q: on October 10, the board of directors of pinto corporation declared a 10% stock dividend. On October…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: company issues 10,000 shares of $2 par value common stock at a market price of $30 per share, which…

A: Here company issued 10000 shares at market price of $30, par value of each share is $2

Q: Assume that a company paid $6 per share to purchase 1,100 shares of its $3 par common stock as…

A: Shares which are bought back by the company from the open market but not retired from the company…

Q: On January 1, Ayayai Corp. had 63,200 shares of no-par common stock issued and outstanding. The…

A: The dividend payable on shares represents the total amount of dividends that a company has…

Q: The stockholders' equity section of the balance sheet immediately before a recent stock dividend is…

A: No. of shares issued = No. of shares outstanding x stock dividend rate = 100000 shares x 10% =…

Q: A company originally issued 12,000 shares of $10 par value common stock at $11 per share. The board…

A: Note: When stock dividend is issued then retained earnings is decreased by the market value of the…

Q: Astro Corporation was started with the issue of 4,800 shares of $9 par stock for cash on January 1,…

A: Common Stock : 4800 shares x $ 9 per stock = $ 43,200 Additional Paid in Capital : 4800 shares x $ 7…

Q: The board of directors of Capstone Incorporated declared a $0.60 per share cash dividend on its $1…

A: Dividend is the amount of profit distributed to the shares outstanding as on the record date. It…

Q: Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and100,000…

A: Outstanding shares = Issued shares - Treasury shares                                  = 270,000…

Q: On June 1, a board of directors declared a $3 per share cash dividend, payable on June 30 to all…

A: Total amount of dividend = No. of shares issued and outstanding x dividend per sahre = (1000 shares…

Q: At Microsoft, the board of directors declared a $0.70 per share cash dividend on its common stock.…

A: Authorized share capital means the share capital which is the company is legally authorized to…

Q: A company originally issued 18,000 shares of $8 par value common stock at $12 per share. The board…

A: DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…

Q: A private employee had the following remuneration in 2019: Gross salaries, net of P11,000 mandatory…

A: Payroll- Payroll is the procedure for paying a company's employees. This procedure entails…

Q: A company had the following stockholders' equity information available at year-end: - Reported…

A: Earnings per share on common stock: It is a financial ratio. It is calculated by dividing net…

Q: At the beginning of the current year, SCARLET Company's issued and outstanding shares total 100,000…

A: What is meant by Stock Split? As the name suggests, when one stock is split into more stocks…

Q: A corporation declared and issued a 25% stock dividend on October 1. The following information was…

A: The stockholders' equity represents the owner's claim to the business's net assets and it is…

Q: how the effects of these transactions on the balance sheet equity accounts. Presently the stock…

A: Basic Accounting Concept

Q: On January 1, Pharoah Corporation had 100,000 shares of no-par common stock issued. 8,400 shares are…

A: Journal entries  : A Journal entry is used to record day by day transaction of business by debiting…

Q: A company's board of directors declared a $0.50 per share cash dividend on its $3 par common stock.…

A: Number of shares=Issued shares-Treasury stock=18,000-5,000=13,000

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: Astro Corporation was started with the issue of 5,500 shares of $11 par stock for cash on January 1,…

A: Income statement:An income statement stands for the statement that shows profits and loss of the…

Q: Astro Corporation was started with the issue of 4,500 shares of $10 par stock for cash on January 1,…

A: Common Stock : 4500 shares x $10 per stock = $45,000 Additional Paid in Capital : 4500 shares x $7…

Q: Astro Corporation was started with the issue of 5,500 shares of $11 par stock for cash on January 1,…

A: The Financial statements of the business include income Statement, balance sheet and statement of…

Q: On January 1, the board of directors of Zion, Inc. declare a 10% stock dividend. On this date, there…

A: Dividend is that amount of profit of the company which is received by the shareholders of the…

Q: Which of the following occurs when a corporation's board of directors declares a 10% stock dividend?…

A: A stock dividend is a dividend payment made in the form of additional shares in a company, rather…

Q: a. Issuance of 60,000 common shares at $14 b. Purchase of 1,900 shares of treasury shares at $2 per…

A: Stockholder's equity statement is the part of balance sheet. It shows all the adjustments to the…

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: 24. The board of directors of Elston Inc. declared a $0.60 per share cash dividend on its $1 par…

A: Dividend is the amount of profit distributed to the shares outstanding as on the record date.…

Q: A recent annual report for Malestrom Incorporated disclosed that the company declared and paid…

A: The dividend is a method of distributing profits among the shareholders. It can be distributed by…

Q: On January 1st, Admiral Nelson Company had 300,000 shares of common stock issued andoutstanding.…

A: The appropriate number of shares in calculating basic earnings per share is to compute the weighted…

Q: The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2,…

A: When a company's debts have been paid off, the money or assets that are left over are called…

Q: On January 1st, Admiral Nelson Company had 300,000 shares of common stock issued and outstanding.…

A: 1. Starting Shares:January 1st: Admiral Nelson Company had 300,000 shares of common stock issued and…

Q: At June 30th, Tidal Co. has 22,000 shares of common stock authorized, 17,000 issued, and 16,500…

A: The dividend is declared and paid to the shareholders from the retained earnings of the business.…