Homework Help is Here – Start Your Trial Now!
Business
Accounting
At December 31,  Artists Unlimited Company had the following  stockholders' equity components that would be part of the balance sheet: how to find retained earnings of the stock dividend. please include formula

At December 31,  Artists Unlimited Company had the following  stockholders' equity components that would be part of the balance sheet: how to find retained earnings of the stock dividend. please include formula

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
100%

At December 31,  Artists Unlimited Company had the following  stockholders' equity components that would be part of the balance sheet:

how to find retained earnings of the stock dividend. please include formula 

A 8 9 10 OR 1) Issue a 100% stock dividend. 11 2) Execute a 2-for-1 stock split. 12 OR 13 3) Distribute a $5,000 cash dividend. 14 15 16 Stockholders' Equity 17 Contributed Capital: 18 Number of common shares outstanding Par value per common share Common Stock, at par Additional Paid-in Capital 19 20 21 22 23 Retained Earnings 24 Total Stockholders' Equity 25 26 27 B Total Contributed Capital 1 2 At December 31, Artists Unlimited Company had the following stockholders' equity components that would be part of the balance sheet: 3 4 Required: 5 The company is considering three alternative distributions to stockholders. Consider each alternative independently of the others. Complete the table above and show the effect on stockholders' equity as a result of each of these distributions. Use information in column B to complete columns C, D, and E. 6 7 100% 2 $5,000 At Dec 31 с 5,000 $1.00 $5,000 745,000 750,000 980,000 $1,730,000 Stock Dividend 10,000 $1.00 $10,000 745,000 755,000 D $1,730,000 2 for 1 Stock Split 10,000 $0.50 $5,000 745,000 750,000 980,000 $1,730,000 E ▼ Cash Dividend F $5,000 745,000 750,000 975,000 G H
Transcribed Image Text:A 8 9 10 OR 1) Issue a 100% stock dividend. 11 2) Execute a 2-for-1 stock split. 12 OR 13 3) Distribute a $5,000 cash dividend. 14 15 16 Stockholders' Equity 17 Contributed Capital: 18 Number of common shares outstanding Par value per common share Common Stock, at par Additional Paid-in Capital 19 20 21 22 23 Retained Earnings 24 Total Stockholders' Equity 25 26 27 B Total Contributed Capital 1 2 At December 31, Artists Unlimited Company had the following stockholders' equity components that would be part of the balance sheet: 3 4 Required: 5 The company is considering three alternative distributions to stockholders. Consider each alternative independently of the others. Complete the table above and show the effect on stockholders' equity as a result of each of these distributions. Use information in column B to complete columns C, D, and E. 6 7 100% 2 $5,000 At Dec 31 с 5,000 $1.00 $5,000 745,000 750,000 980,000 $1,730,000 Stock Dividend 10,000 $1.00 $10,000 745,000 755,000 D $1,730,000 2 for 1 Stock Split 10,000 $0.50 $5,000 745,000 750,000 980,000 $1,730,000 E ▼ Cash Dividend F $5,000 745,000 750,000 975,000 G H
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS