On January 1, 2020, Frontier Corporation had $1,000,000 of common stock outstanding that was issued at par. It also had retained earnings of $750,000. The company issued 40,000 shares of common stock at par on July 1 and earned net income of $400,000 for the year. Instructions Journalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent assumptions. a. Par value is $10, and market price is $18. b. Par value is $5, and market price is $20.

Q: On January 1, 2025, Grouper Corp. had $1,330,000 of common stock outstanding that was issued at par…

A: A Stock Dividend is a corporate action where a company declares a certain dividend percentage on the…

Q: On December 31, 2023, M. E. Carter Company had 300,000 shares of common stock issued and…

A: Earning per share indicates the per share earning of common stock. Earnings per share are two type…

Q: Minnesota Manufacturing's balance sheet showed total common equity of $3,000,000 and 500,000 shares…

A: Book value per share can be calculated by dividing total shareholders equity at the end of the year…

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: On October 31, 2020, ABC Company declared a dividend of $ 2.00 per share to be paid on November 15,…

A: Liquidating dividend is the dividend which is paid in excess of the company's accumulated…

Q: At the beginning of 2019, Hardin Company had 350,000 shares of $10 par common stock outstanding.…

A: The weighted average number of shares outstanding is determined by multiplying the number of shares…

Q: On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10…

A: SOLUTION A JOURNAL IS THE COMPANY'S OFFICIAL BOOK IN WHICH ALL BUSINESS TRANSACTIONS ARE RECORDED IN…

Q: In 2019, Hesin Corporation reported net income of 1,000,000,It declared and paid preferred stock…

A: Earnings Per Share: =[Net Income - Preferred Dividends] / Number of common shares outstanding

Q: Stan statement of financial position shows total shareholders' equity of P3,150,000 as of December…

A: Solution: Outstanding shares = Issued shares - shares in treasury = 52000 - 2000 = 50000 shares

Q: Frenchroast Company earned net income of $93,000 during the year ended December 31, 2020. On…

A: The objective of the question is to calculate the total dividends paid by Frenchroast Company during…

Q: On January 1, 2022, Splish Brothers Inc. had $1,320,000 of common stock outstanding that was issued…

A: A stock dividend is a distribution of additional shares to existing shareholders by a company, often…

Q: On December 31, 2017, Beta Company had 270,000 shares of common stock issued and outstanding. Beta…

A: Earnings per share is one of important measure or metric being used in business. It shows how much…

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: Mocha Company earned net income of $110,000 during the year ended December 31, 2018. On December 15,…

A: The dividend is declared to the shareholders from the business's retained earnings. The net income…

Q: On January 1, 2022, Swifty Corporation had $1,480,000 of common stock outstanding that was issued at…

A: Journal entries are the primary reporting of the business transactions in the books of accounts.…

Q: The VWX's statement of financial position shows total shareholders’ equity of P3,150,000 as of…

A: Book value per share = Total shareholders equity/Number of common equity share outstanding  Total…

Q: Stanley Department Stores reported net income of $788,000 for the year ended December 31, 2024.…

A: The earnings per share is a measure of profitability for a common share. The inventory uses this…

Q: Skysong Service Corporation's December 31, 2025 balance sheet reported the following: 3% preferred…

A: Common shares are the ordinary equity shares issued by the company at a price known as the issue…

Q: At the beginning of 2019, Microbee Honey Corporation had 90,000 shares of $1.00 par value…

A: “Hey, since there are multiple questions posted, we will answer first three questions. If you want…

Q: Alison Corporation had net income for 2025 of $41,900. Alison Corporation had 18,400 shares of…

A: Earnings per share is calculated by dividing net income available to common stockholders' by…

Q: Madison Company earned net income of $75,000 during the year ended December 31, 2018. On December…

A: Annual Dividend to Preferred shareholders = Par value of preferred share x rate of dividend =…

Q: 1. Determine the amount of the ordinary share capital at the end of 2021. 2. Total share premium…

A: Treasury shares are own shares that are purchased for the purpose of re-issuing them at a higher…

Q: On January 1, 2022, Splish Brothers Inc. had $1,320,000 of common stock outstanding that was issued…

A: Definition: Dividends: Dividends are the rewards to the stockholders for investing their money in…

Q: On the first day of 2021, Paccar had 100,000 shares of common stock outstanding. The following…

A: Earnings per share are the amount of earnings of the entity during the current period that is…

Q: Wildhorse Company’s ledger shows the following balances on December 31, 2020. 7% Preferred…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: An analyst compiled the following information for U Inc. for the year ended December 31, 2021: . Net…

A: operating activities under Cash Flow is that under which all the Operating Income and expenses are…

Q: On December 31, 2020 and 2019, Bucks Corporation had 105,000 Ordinary Shares issued, 5,000 shares in…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: On December 31, 2020, Oriole, Inc. has 4100 shares of 4% $100 par value cumulative preferred stock…

A: Dividend is the amount of profit being distributed to shareholders. It can be cash dividend,…

Q: Phelps, Incorporated had assets of $67,646, llabilities of $15,466, and 10,718 shares of outstanding…

A: Ratio Analysis :— Ratio analysis is the process of Determination and interpreting numerical…

Q: Shareholders’ Equity ($ in millions) Common stock, 70 million shares at $1 par $ 70   Paid-in…

A: Weighted average method : Total treasury stock = 1 million + 2 million = 3 Million Total cost =…

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: At the beginning of 2019, Hardin Company had 300,000 shares of $10 par common stock outstanding.…

A:

Q: Ivanhoe Limited had 41,400 common shares outstanding on January 1, 2020. On March 1, 2020, Ivanhoe…

A: The company issues common shares to issue shares to investors and business owners. The number of…

Q: De jure corporation is a corporation existing in fact and in law.

A: Accounting is essential to operating a company since it allows businesses to track income and…

Q: Marlene Co. had 300 million shares of $1 par common stock outstanding at January 1, 2021. In October…

A: Note: When stock dividend is issued then retained earnings is decreased by the market value of the…

Q: Below is United Delivery Service’s (UDS) stockholders' equity for the year ended 2022:

A: Common stockholders are the owners of the company. Comon stock issued at…

Q: Wendell Company provided the following pertaining to its accounting year that ended December 31,…

A: The stock dividend decrease retained earnings, and increases issued capital and there is no effect…

Q: Paid-in Capital Common Stock, $9 par value, 3,000,000 shares authorized, $10,530,000 shares issued,…

A: The net income is added to shareholders equity.

Q: The stockholders' equity of Bonita Industries at July 31, 2021 is presented below: Common stock,…

A: Formula: Dividend per share = Current market price on August 01, 2021 x Stock dividend rate

Q: Gleneagles Corporation earned net income of $70,000 during the year ended December 31, 2020. On…

A: The dividend is declared to the shareholders from the retained earnings of the business. The net…

Q: On January 1, 2022, Skysong, Inc. had $1,190,000 of common stock outstanding that was issued at par…

A: Stock dividend is the issue of dividend in the form of shares. In this type of dividend, the entity…

Q: At December 31, 2020, Carla Vista Company has $520,000 of $100 par value, 7%, cumulative preferred…

A: EARNING PER SHARE  Earnings per share is the monetary value of earnings per outstanding share of…

Q: Presented below is information related to Alligator Corporation for 2019. 1. On March 1, Alligator…

A: NOTE : As per BARTLEBY guidelines, when multiple sub parts are given then first three questions are…

Q: Common stock with a $10,000 par value was sold for $50,000 cash Cash dividends totaling $20,000 were…

A: If the market value of the shares rises, common investors stand to gain financially, and they can…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.