E11-22 (Algo) Analyzing Stock Dividends and Comparing to Stock Splits LO11-6 At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the follow Common stock ($14 par value; 67,000 shares authorized, 40,000 shares outstanding) Additional paid-in capital Retained earnings $ 560,000 135,000 755,000 On February 1, the board of directors declared a 65 percent stock dividend to be issued April 30. The market value of the stock February 1 was $17 per share. The market value of the stock on April 30 was $18 per share. Required: 1. For comparative purposes, prepare the Stockholders' Equity section of the balance sheet immediately before the stock divide mmediately after the stock dividend.

E11-22 (Algo) Analyzing Stock Dividends and Comparing to Stock Splits LO11-6 At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the follow Common stock ($14 par value; 67,000 shares authorized, 40,000 shares outstanding) Additional paid-in capital Retained earnings $ 560,000 135,000 755,000 On February 1, the board of directors declared a 65 percent stock dividend to be issued April 30. The market value of the stock February 1 was $17 per share. The market value of the stock on April 30 was $18 per share. Required: 1. For comparative purposes, prepare the Stockholders' Equity section of the balance sheet immediately before the stock divide mmediately after the stock dividend.

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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Rendivir Company had the following transactions during the year: January 1 Ordinary shares outstanding 200,000 March 1 Isued a 20% share dividend 30,000 May 1 Issued ordinary shares 40,000 September 1 Treasury shares purchased 10,000 November 1 Issued 3 for 1 share split What is the weighted average number of shares outstanding?
Fuerman Incorporated had the following common stock record during the current calendar year Outstanding, beginning of year Additional shares issued 6/30 2,850,000 230,000 Additional shares issued 9/30 230,000 A 12% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS? Multiple Choice 3,320,800 3,022,500 3,449,600 3,385,200
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The following equity balances were reported for HariMahesh Inc. on December 31, 1999: Common shares, 60,000 shares issued $1,480,000Retained earnings 225 600Total equity $ 1 705 600 On January 19, 2000 the board of directors declared a 5% stock dividend to the shareholders of record on February 03 to be distributed on February 19. The market price of the shares on January 19 was $6.00. On July 9 , 2000 the board of directors declared a 2:1 stock split. Required: a. Prepare the journal entries required for the above transactions. b. What is the total number of common shares issued and outstanding at December 31, 2000? (Show your calculations)
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