I need help cmputing stock dividends, I chose the wrong answer: On June 30, 2026, when Ivanhoe Co.'s stock was selling at $66 per share, its capital accounts were as follows: Capital stock (par value $50; 56000 shares issued) $2800000 Premium on capital stock 560000 Retained earnings 4250000 If a 100% stock dividend were declared and distributed, capital stock would be Select answer from the options below - Incorrect! a. $7392000. b. $3360000. c. $2800000. d. $5600000.

I need help cmputing stock dividends, I chose the wrong answer: On June 30, 2026, when Ivanhoe Co.'s stock was selling at $66 per share, its capital accounts were as follows: Capital stock (par value $50; 56000 shares issued) $2800000 Premium on capital stock 560000 Retained earnings 4250000 If a 100% stock dividend were declared and distributed, capital stock would be Select answer from the options below - Incorrect! a. $7392000. b. $3360000. c. $2800000. d. $5600000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Current Attempt in Progress Your answer is incorrect. At January 1, 2020, Larkspur Company's outstanding shares included the following. 258,000 shares of $50 par value, 7% cumulative preferred stock 812,000 shares of $1 par value common stock Net income for 2020 was $2,521,000. No cash dividends were declared or paid during 2020. On February 15, 2021, however, all preferred dividends in arrears were paid, together with a 5% stock dividend on common shares. There were no dividends in arrears prior to 2020. On April 1, 2020, 408,000 shares of common stock were sold for $10 per share, and on October 1, 2020, 106,000 shares of common stock were purchased for $20 per share and held as treasury stock. Compute earnings per share for 2020. Assume that financial statements for 2020 were issued in March 2021. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $
Please provide answer in text (Without image)
Question-based on, "Preferred shareholders". I have tried it but no luck so far. Any help would be appreciated.
Question-based on, "Distributed to preferred stockholders". I have tried it but no correct yet. Any help would be appreciated.
I'm having trouble compiling the Shareholder's Equity Section of the balance sheet. Please help! The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31, 2020: Paid-in capital: Preferred stock, 7.5%, 98,000 shares at $1 par $ 98,000 Common stock, 484,800 shares at $1 par 484,800 Paid-in capital—excess of par, preferred 1,595,000 Paid-in capital—excess of par, common 2,645,000 Retained earnings 9,745,000 Treasury stock, at cost; 4,800 common shares (52,800 ) Total shareholders' equity $ 14,515,000 During 2021, several events and transactions affected the retained earnings of Consolidated Paper. Required: 1. Prepare the appropriate entries for these events. On March 3, the board of directors declared a property dividend of 290,000 shares of Leasco International common stock that Consolidated Paper had purchased in January as an investment (book value: $552,000). The investment shares had a fair value of $2 per share and were…
On June 30, 2021, when ABC Co. stock was selling for $65 each, the equity accounts had the following balances: Common Stock ($50 par value, 50,000 issued) $2,500,000 Capital Contributed in Excess of Par Value—Common Stocks 600,000 Retained Earnings 4,200,000 How much will the Common Stock account balance be after declaring and distributing a 100% stock dividend? a. $5,000,000. b. $7,300,000. c. $2,500,000.
Lenore, Inc. declared a cash dividend of $90,000 in 2021 when the following stocks were outstanding: Common stock 30,000 shares, $5 par value $150,000 Preferred stock, 6%, 6,000 shares, $50 par value $300,000 No dividends were declared or paid during the prior two years. Required: Compute the amount of dividends that would be paid to each stockholder group if the preferred stock is noncumulative. Compute the amount of dividends that would be paid to each stockholder group if the preferred stock is cumulative.
Question-based on, "stock". I have tried it but no solution.
Research walmart and Review its most recent 10-K report and announcement of quarterly or annual dividends per share, an announcement of a stock split of one to two and the purchase of treasury stock. Choose ONE of the questions below to discuss: Discuss the primary reporting alternatives the company has for the repurchase of its own shares and how each option would affect total shareholders’ equity. How would the stock split of one for two be accounted for and how would it affect shareholder’s equity and why? How would the company account for the cash dividends from declaration to the date of payment? What are the important dates for dividends payment and how would it affect the balance sheet and why? Work to demonstrate your understanding of the material from this module and, where necessary, include your sources.
On June 30, 2020, when ABC shares were selling for $ 65 each, the equity accounts had the following balances: Common shares (par value $ 50: 50,000 issued) $ 2,500,000 Capital contributed in excess of par value 600,000 Retained earnings 4,200,000 A 100% share dividend is declared and distributed, the balance of the Common Shares account after recording the dividend will be: a. $2,500,000 b. $7,300,000 c. $3,100,000 d. $5,000,000
need correct and complete help please with working
A company's current stock price is $35. Which of the following securities would cause Diluted EPS to be different than Basic EPS? (check all that apply) Preferred stock that pays $10 dividends per share per year Convertible debt that increases EPS if converted Vested stock options with an exercise price of $40 Convertible debt that reduces EPS if converted Vested stock options with an exercise price of $30