ABC Company currently has 100,000 shares outstanding that are trading at OMR 5.500 per share. The company declares 10% stock dividend by issuing 10,000 additional to the existing shareholders at an issue price of OMR 5 per share. What is the journal entry for stock dividend declared? a. Stock dividend account Debit OMR 55,000;Dividend payable account credit OMR 55,000 b. Stock dividend account Debit OMR 50,000;Stock dividend distributable account Credit OMR 50,000 c. None of the option is correct d. Stock dividend distributable account Debit OMR 50,000; Stock dividend account Credit OMR 50,000;

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

A: Stock dividend: Shares are issued to the existing shareholders instead of cash dividend. Stock…

Q: The entry to record the declaration of dividend of a $0.75 per share dividend on 12,500 outstanding…

A: Dividend: dividend is the portions of profit given to the shareholders by the company There are…

Q: Prepare the journal entry to record Tamas Company's issuance of 6,800 shares of $100 par value, 8%…

A: 1. Amount to be credited to Preferrred stock = No. of Shares x Par Value  = 6800 x $100 = $ 680000…

Q: 19. A company acquires 1,000 shares of its own $1 par common stock for $15 per share. This purchase…

A: The correct answer is: (D) Debit to treasury stock for $15,000 The treasury stock account is a…

Q: MC Qu. 11-132 Pettygrove Company had... Pettygrove Company had 1,100,000 shares of $10 par value…

A: The question is multiple choice question. Required  Choose the Correct Option.

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: Suppose Value Home and Garden Imports issued 400,000 shares of $0.10 par common stock at $4 per…

A: Cash received on issue of shares = No. of share issued x share issue price  = 400,000*$4 =…

Q: You just graduated and started your new job. Your starting salary is ​$70,000​/year. Your​…

A: Given that, Starting salary = $70000 per year To 401(k) plan, Employer contributes = 2% of salary…

Q: On January 1, Sheffield Corporation had 213000 shares of $10 par value common declared a 14% stock…

A: The dividend is distributed to shareholders from the retained earnings of the business. The stock…

Q: MC Qu. 11-109 Mapleleaf Industrles declared a... Mapleleaf Industries declared a $0.90 per share…

A: The cash dividend is paid on the number of outstanding shares.

Q: On January 1, ABC Company has 100,000 outstanding ordinary shares. During the year, ABC reported net…

A: Diluted Earning Per Share: The calculation known as diluted earnings per share (diluted EPS)…

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: The stockholders' equity section of Ayayai Corp's balance sheet consists of common stock ($8 par)…

A: The statement of stockholders’ equity forms a part of the financial statement. It reflects the…

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

A: The treasury stock includes the own shares of the company purchased from the shareholders. The…

Q: please give ruight answer explain for 27 nov 1. Record the transactions in the general journal.…

A: On 27-Nov, a cash dividend of $0.20 per share was declared. This means that the company has decided…

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: A company with 113,047 authorized shares of $7 par common stock issued 33,603 shares at $12.…

A: Dividend shows the distribution of profit among the shareholders' of the company. It represents as a…

Q: Texas Inc. has 5,000 shares of 7%, $125 par value cumulative preferred stock and 83,000 shares of $1…

A: The dividend is distributed among the preferred shareholder first and then the remaining dividend is…

Q: Effects of Dividends:  Baez Company has outstanding 25,000 shares of $10 par common stock.  It also…

A: Journal Entry:   Journal entry has two effects for every transaction. The journal entry is passed by…

Q: Stock dividend-Firm Columbia Paper has the following stockholders' equity account. The firm's common…

A: Dividend: It represents the portion of profit distributed to the shareholders by the company. It is…

Q: Penguin Company has the following information regarding its common stock: $21 par, with 300,000…

A: Under stock dividend the accumulated profits are distributed in the form of shares instead of cash,…

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

A: Dividends are the part of profits that is distributed to the shareholders. It can be in form of cash…

Q: On January 1st ABC company declared a SRO.50 per share cash dividend on 8,000 shares of common stock…

A: Dividends is calculated by multiplying the number of outstanding shares of common stock and…

Q: a. The preferred stock of Columbia after a 10% stock dividend is $ (Round to the nearest dollar.)

A: Under stock dividend policy, company issues addition stock in place of cash dividend. Number of…

Q: Skysong Company s leager 6% Preferred stock-$10 par value, outstanding 20,100 shares Common…

A: Preferred stock is a hybrid form of financing that combines some features of common stock and some…

Q: P 2,500,000 P15,000,000 Common stock (P5 par, 500,000 shares) Premium on common stock Retained…

A: Unappropriated retained earnings is that portion of the retained earnings which is not set aside for…

Q: On October 10, the board of directors of Larkspur Corporation declared a 10% stock dividend. On…

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

Q: On January 1, ABC Company has 100,000 outstanding ordinary shares. During the year, ABC reported net…

A: The earnings per share refer to the amount of money that a company makes for each of its stocks and…

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: 6 Gartner Inc. declared a $0.50 per share cash dividend on its $1 par common stock. On the date of…

A:

Q: Stock Dividends Mammoth Corporation has 100,000 shares of $10 par value common stock outstanding. At…

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

Q: January 1, ABC Company, whose stock is publicly traded, had 100,000 shares of common stock ued and…

A: Dividends are paid out of net income of the company. Dividends are paid in the form of cash and also…

Q: Stock DividendsMammoth Corporation has 100,000 shares of $10 par value common stock outstanding. At…

A: Journal entries are passed below.Explanation:

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

A: A stock dividend is a method of capitalizing the retained earning. There will be no distribution of…

Q: Stock Dividends Witt Corporation has 72,000 shares of $5 par value common stock outstanding. At…

A: General Journal Ref.DescriptionDebit ($)Credit ($) Explanationa.Stock dividend60,480 72,000 * 4% *…

Q: Before preparing financial statements for the current year, the chief accountant for Crane Ltd.…

A: when transaction is recorded wrongly in account, it needs to be corrected when it is found.   1.…

Q: Windborn Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of…

A: A dividend is a distribution of a company's profits to its shareholders. When a company makes a…

Q: A company has 43,000 shares of $10 par value common stock outstanding. The company declares a 10%…

A: JOURNAL ENTRIESJournal Entry is the first stage of Accounting Process. Journal Entry is the Process…

Q: Current Attempt in Progress Concord Corporation has 43,500 shares of $12 par value common stock…

A: Journal entries refer to identification, analysis, evaluation, and recording of business related…

Q: Epic Incorporated has 12,000 shares of $2 par value common stock outstanding. Epic declares a 25%…

A: Introduction: Mostly, an organization declares dividends by way of two form: 1. Cash dividends and…

Q: Rondo Corporation has 410,000 shares of $12 par value common stock issued and outstanding Record the…

A: The stock dividend increases the number of shares outstanding. The total shareholders' equity…

Q: Company Z has 2.8 million shares of common stock authorized with a par value of $1 and a market…

A: Answer:- Basically the dividend is declared to the shareholders from the retained earnings. Retained…

Q: Company X’ currently has 80,000 shares outstanding that are trading at OMR 8.400 per share. The…

A: No. of shares issued to distribute stock dividend = No. of  shares outstanding x stock dividend rate…

Q: On January 1, Case Inc. had 840,000 shares of common stock issued and outstanding. Case issued a 10%…

A: The basic EPS is calculated as net earnings available to shareholders divided by the weighted…