Complete the below table to calculate the stock dividend. Prepare the journal entries to record the declaration and distribution of the stock dividend.

Q: Bandara Gold Inc.'s equity section on the October 31, 2023, balance sheet showed the following…

A: The stock split increases the number of shares issued and outstanding. The stock split does not…

Q: On January 1, 2021, Heaven Inc. reported the following shareholders' equity:   Preference share…

A: Depreciation expense is the portion of cost of the fixed assets to be written off periodically in…

Q: TJH Corporation was organized on January 1, 2020, with authorized capital of 200,000 shares of P10…

A: Formula: Share capital = Number of shares issued x Issue price.

Q: The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts…

A: The stockholders' equity section shows the owners' claim on the assets, it includes common shares,…

Q: The shareholders’ equity section of Haemul Pajeon Co. as of Dec. 31, 2019, contained the ff.…

A: Retained Earnings: When a company's direct and indirect expenses, income taxes, and dividends to…

Q: ic City Corporation reported net income of $148,750 for 2019. The company had 10,000 shares of…

A: Basic earning per share is the amount of earning available to each shareholder after payment of…

Q: The shareholders’ equity of Core Technologies Company on June 30, 2020, included the following:…

A: The stock dividend can be defined as the distribution of common shares to shareholders instead of…

Q: The shareholders' equity of ABC Company on January 1, 2020 contained the following: Share capital…

A: The retained earning represents the accumulated profit that is not distributed and retained in the…

Q: The entry to record the sale on the books of Image should include:

A: A. Total par value of share = P 360000 B. Total number of treasury share = 2000 C. Par value of each…

Q: Required: 1. National Supply reacquired shares of Its common stock in two separate transactions and…

A: Shares refer to the unit issued by the company to raise funds from the market by making an agreement…

Q: Del Valle Company provided the following shareholders’ equity on December 31, 2021:

A: Answer: Book value per ordinary share= Book value/ No of shares   Calculation of No of shares: =…

Q: On December 31, 2020, Vitners Company had outstanding 400,000 shares of common stock. There were…

A: Introduction:- There were 400,000 shares of common stock and 40,000 shares of 8% cumulative…

Q: The net income of Monarch Skate Inc. amounted to $3,750,000 for the year ended December 31, 2020.…

A: Earning per share = Net income/ Weighted avearge no of outstanding share

Q: On December 31, 2021, EOS Co.'s shareholders' equity consisted of the following: 8%, cumulative…

A: Preference Share: - A share that entities the holder to a fixed dividend, whose payment takes…

Q: Altuve Co. was incorporated on January 1, 2019, at which time 575.000 shares of $10 par value common…

A: The accounting equation is a fundamental principle of accounting and represents the relationship…

Q: On December 18, 2020, UNO Corporation issued 5,250 ordinary shares, par P30 for P58 per share. At…

A: Paid in capital in excess of par = Issue price per share - Par value per share = P58 per share - P30…

Q: The shareholders' equity si 2020, was as follows: $3 cumulative preferred sh shares issued $900,00…

A: Date Particulars Debit Credit Sep 15,2021  Retained Earnings A/c 54000     To Preference…

Q: Bar Spruce Corp has 1.000.000 authorized shares of $25 par value common stock. As of June 30, 2020,…

A: Dividend is the amount which is paid by the entity in the form of return. It is paid to both…

Q: On January 1, 2020, Company D issued 6,000 shares of its $2 par Common Stock when the market price…

A: Common stock: Common stock is an equity ownership in organization. Common stockholders have a…

Q: The shareholders' equity section of M Co. on December 31, 2018 showed the following:   Ordinary…

A: A stock dividend appears to be a dividend payment made to investors in the form of shares rather…

Q: Skysong Corporation began business in 2020 by issuing 79000 shares of $5 par common stock for $6 per…

A: The statement of shareholders equity defines the total outstanding shares and other stock related to…

Q: Haru Corporation reported the following shareholders’ equity on January 1, 2020. > Ordinary Share…

A: RE refers to Retained Earnings which is the amount of NI (Net Income) that is left or retained by…

Q: On January 1, 2020, Ehrlich Corporation had the following stockholders’ equity accounts. Common…

A: Lets understand the basics. Journal entry is required to make to record event and transaction that…

Q: Common stock, $2 par, 200,000 shares issued and outstanding On October 1, 2020, the company…

A: Stock Dividend distribution is a method of capitalizing the retained earning.   Stock dividend value…

Q: The equity section of Gannon Oilfield Corporations balance sheet at December 31,2019 is shown below:…

A: Average price received for each issued preferred share =  Issued and Outstanding preferred capital /…

Q: The shareholders’ equity section of Haemul Pajeon Co. as of Dec. 31, 2019, contained the ff.…

A: No. of shares issued under bonus issue = No. of shares outstanding x bonus rate Amount charged to…

Q: apital (P25 par value, 100,000 shares) 2,500,000 Share premium 3,000,000 Retained earnings…

A: Heaven Inc discovered late in 2021 that 2020 depreciation expense was overstated by 500,000.…

Q: arFind Inc. showed the following equity informa Common shares, unlimited shares authorize 4,500,000…

A: Shareholders equity includes issued capital and retained earnings of the business. The retained…

Q: Sandhill Corporation had 3,500,000 shares of common stock outstanding on January 1, 2021. On April…

A: Basic Earnings Per Share = (Net Income - preferred dividend) / Weighted Average no. of common shares…

Q: On January 1, 2020, Metlock Corporation had $2,120,000 of $10 par value common stock outstanding…

A: Balance Sheet -Both the total assets of the business and their financing method—debt or equity—are…

Q: oOn January 1, 2020, Kingbird Corporation had $2,020,000 of $10 par value common stock outstanding…

A: A log book is used to record a business transaction in an organization's accounting records. A…

Q: Arcus Development Inc.'s equity section on the December 31, 2019, balance sheet showed the following…

A: The objective of the question is to prepare the journal entries for the declaration and distribution…

Q: Skysong Corporation had 135,600 shares of stock outstanding on January 1, 2020. On May 1, 2020,…

A: 1 January to 1 may =4 months 1 may to 1 jul=2 months 1 JUL to 1 oct=3 months 1 October to 31 dec=3…

Q: CBA Corporation was incorporated on January 1, 2020. The following equity-related transactions…

A: Stockholders' Equity Statement For the Year Ended December 31, 2020    Common Stock P 1 par…

Q: Arcus Development Inc.'s equity section on the December 31, 2019, balance sheet showed the following…

A: The objective of the question is to prepare the journal entries for the declaration and distribution…

Q: On January 1, 2020, Kingbird Corporation had $2,020,000 of $10 par value common stock outstanding…

A: A journal entry is a record of a firm's business activity that is retained in the company's…

Q: The stockholders’ equity account balances of Image Corporation as of December 31, 2020 are as…

A: the par value of shares     25000000/25000              100 share premium…

Q: ABC Company had 100,000 ordinary shares issued and outstanding at January 1, 2020. During the…

A: The common shares are issued by the entity to raise funds. The common shareholders are also called…

Q: Cullumber Holding's accounting records show the following balances on December 31, 2020. 12%…

A: Cumulative preference shares are those shares that are paid a dividend every year. If any dividend…

Q: How many shares are outstanding as of ye ar-

A: Answer: