Beacon Corporation issued a 6 percent stock dividend on 33,000 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $22 per share. Required: a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Show the effects of the stock dividend on the financial statements using a horizontal statements model. Note: Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA) activity (IA), or financing activity (FA). Not all cells require input. Assets Cash = Liabilities + + Balance Sheet Common Stock BEACON CORPORATION Horizontal Statements Model Stockholders' Equity Paid In + Capital in Excess + + Retained Earnings Revenue Income Statement Expense = Net Income Statement of Cash Flow

Beacon Corporation issued a 6 percent stock dividend on 33,000 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $22 per share. Required: a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Show the effects of the stock dividend on the financial statements using a horizontal statements model. Note: Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA) activity (IA), or financing activity (FA). Not all cells require input. Assets Cash = Liabilities + + Balance Sheet Common Stock BEACON CORPORATION Horizontal Statements Model Stockholders' Equity Paid In + Capital in Excess + + Retained Earnings Revenue Income Statement Expense = Net Income Statement of Cash Flow

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 4CE: Prepare the stockholders equity section of the balance sheet based on the following account...

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Beacon Corporation issued a 6 percent stock dividend on 33,000 shares of its $7 par common stock. At the time of the dividend, the
market value of the stock was $22 per share.
Required:
a. Compute the amount of the stock dividend.
b. Show the effects of the stock dividend on the financial statements using a horizontal statements model.
Complete this question by entering your answers in the tabs below.
Required A Required B
Show the effects of the stock dividend on the financial statements using a horizontal statements model.
Note: Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA)
activity (IA), or financing activity (FA). Not all cells require input.
Assets = Liabilities
Cash
II
+
+
Balance Sheet
Common
Stock
BEACON CORPORATION
Horizontal Statements Model
Stockholders' Equity
Paid In
+ Capital in +
Excess
+
+
Retained
Earnings
Revenue
Income Statement
Expense
Net Income
Statement of Cash
Flow

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Can you please solve this accounting question?
Please help me with show all calculation thanku
Can you please check my work
Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.)\\nJan. 16: Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.40 per share dividend on the 80,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15.
Can you please explain how I would find the amounts after the stock dividend was declared and closing entries were recorded at the end of the year.
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)