Shawn Sm Slide Show Record Help Cash and Stock Dividends Example #2 Common Stock-$20 par, 500 shares authorized, 250 shares issued and outstanding Paid-in capital in excess of par, Common Stock Retained eamings Total 0o 0 0 Assume all of the transactions are for the same year. Feb. 15 The board declared a $0.50 cash dividend per share to shareholders of record on Mar. 31. Apr. 15 Paid the cash dividend declared on February 15. May 31Declared a 20% stock dividend. The market value of the stock is $25 per share. 1 Distributed the stock dividend declared on May 31. July Dec 1 Declared a 30% stock dividend. The market value of the stock is $22 per share. Dec. 31Distributed the stock dividend declared on December 1. General Joumal Debit Credit Feb. 15 Mar. 31 Apr. 15 July 1 5. Notes 88 ON3 IN INI

Shawn Sm Slide Show Record Help Cash and Stock Dividends Example #2 Common Stock-$20 par, 500 shares authorized, 250 shares issued and outstanding Paid-in capital in excess of par, Common Stock Retained eamings Total 0o 0 0 Assume all of the transactions are for the same year. Feb. 15 The board declared a $0.50 cash dividend per share to shareholders of record on Mar. 31. Apr. 15 Paid the cash dividend declared on February 15. May 31Declared a 20% stock dividend. The market value of the stock is $25 per share. 1 Distributed the stock dividend declared on May 31. July Dec 1 Declared a 30% stock dividend. The market value of the stock is $22 per share. Dec. 31Distributed the stock dividend declared on December 1. General Joumal Debit Credit Feb. 15 Mar. 31 Apr. 15 July 1 5. Notes 88 ON3 IN INI

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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heducation.com/ext/map/ex.n_CO_Conextem_ si Saved mecation.com 202 Stream Launch Corporation reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock $ 500,000 75,000 410,000 $ 985,000 Retained earnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,500 of its treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid…
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Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2024, 100 shares of preferred stock and 1,800 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024: March 1 Issue 1,800 additional shares of common stock for $17 per share. Issue 200 additional shares of preferred stock for $28 per share. April 1 June 1 Declare a cash dividend on both common and preferred stock of $0.60 per share to all stockholders of record on June 15. June 30 Pay the cash dividends declared on June 1. August 1 Purchase 200 shares of common treasury stock for $14 per share. October 1 Resell 100 shares of treasury stock purchased on August 1 for $16 per share. Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, $1,000; Common Stock, $1,800; Additional Paid-in Capital, $18,300; and Retained Earnings, $10,300. Net income for the year…
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QUESTION 2 Huxley Company has 264277 shares of common stock authorized 153543 Issued and 71672 shares of treasury stock The company's board of directors declares a dividend of $0.60 per share of common stock. What is the total amount of the dividend that will be paid? Round your answer to the nearest dollar