On January 1, 2029, Ortiz LLC issued 5,000 shares of $5 per value common stock for cash at $10 per share. On December 31, 2019, Ortiz LLC has 1,000 shares of common stock outstanding. It declares a $3 per share cash dividend on November 15 to stockholders to record on December 31. The dividends are paid on December 31

Q: On January 1, 2020, Blossom Corporation had 106,000 shares of no-par common stock issued. 5,000…

A: Cash dividend = Number of shares outstanding × Dividend per share = (106000-5000+10000) ×$1 = 111000…

Q: On January 1, 2024, Martinez Enterprises Inc. had 61,000 common shares, recorded at $366,000. The…

A: Stockholder's Equity: Equity held by investors is the amount of assets that remain in a company…

Q: Knapp Industries began business on January 1, 2021 by issuing all of its 1,350,000 authorized shares…

A: Journal Entry - It is record of every business transaction whether it economic or non economic for a…

Q: King Tut Corporation issued 6,600 shares of common stock, all of the same class; 3,400 shares are…

A: Journal entries are prepared to record the financial and non financial transactions of the business.

Q: The board of directors of Ayayai Corp. declared a cash dividend of $1.50 per share on 40000 shares…

A: On the date of declaration of the dividend the company has to pass journal entry for creating…

Q: Kingbird, Inc. was organized on January 1, 2021. During its first year, the corporation issued 1,500…

A: DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…

Q: On Oct. 1, 2023, the board of directors of Marge Inc. declared a $1.50 per share cash dividend on…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: On January 1, 2021, Dreamy Company issued 30,000 shares of $2 par value common stock for $150,000.…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: In 2018, Broyles, Inc. reacquired 3,000 shares of its common stock at $55 per share. In 2019,…

A: Treasury stock: Treaseury stock are the shares which are bought back by the company from the open…

Q: On October 1, 2021, 500 shares of treasury stock were purchased at $40 per share. On January 15,…

A: The question endeavors to understand which of the four options would be a result of the transaction…

Q: Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7%…

A: A company distributes its earnings its stockholders by declaring the dividends. Preferred…

Q: 3. On January 1, 2020, Wooden Company issued 16,000 shares of $2 par value common stock for…

A: Journal Entries - Journal Entries are the records of the transactions entered into by the…

Q: Diamond Corporation was organized on January 3, 2021. The firm was authorized to issue 100,000…

A: Paid-in capital is the total amount of cash that a company has received in exchange of shares. It…

Q: Prepare the journal entries for all these transactions. Each transaction is independent from the…

A: When stock are issued at price which is more than the par value, the excess amount is transferred to…

Q: a. Prepare the journal entry for the declaration of the stock dividend on 30, 2020. September b.…

A: A stock dividend is a corporate action in which a company distributes additional shares of its own…

Q: Blossom Corporation was organized on January 1, 2019. During its first year, the company issued…

A: A dividend is that portion of the company's profits and retained earnings that the entities are…

Q: On March 15, American Eagle declares a quarterly cash dividend of $0.125 per share payable on April…

A:

Q: On February 28, 2022, Scrooge Inc. split its common shares 3 for 1, and Cratchit Inc. issued a 5%…

A: Earnings per share represents the net income allocated to each share of a company. It indicates how…

Q: Cempany was formed on January 1, 2020 and the following transactions occurred du O: uary 1: Issued…

A: Journal entries (all amount in $) January 1.   Bank.   A/c Dr 130000                        To…

Q: The board of directors of Bramble Corp. declared a cash dividend of $1.30 per share on 36000 shares…

A: Cash dividends are the distributions of accumulated retained earnings of the company to its…

Q: Prepare all the required journal entries to record these transactions.

A: 1.Number of shares for Dividend calculation = (Number of shares issued - Treasury shares)…

Q: Sunland Corporation was organized on January 1, 2021. During its first year, the corporation issued…

A: ANSWER:- a)                     Allocation Of Dividends To Each Class Of Stock Dividend Is 6% And…

Q: On December 31, 2021, Ambient Corporation had 200,000 shares of common stock outstanding. On July 1,…

A: Basic earnings per share = (Net income - preferred dividend)/Weighted average outstanding common…

Q: Prepare the necessary journal entries for the following transactions:   On April 5, 2021, Graham…

A: Treasury stocks are repurchased shares of the company. The company can reissue these repurchased…

Q: The board of directors of Blue Spruce Corp. declared a cash dividend of $2.45 per share on 32000…

A: Dividend is always paid on the outstanding shares of equity in the balance sheet.

Q: Oriole Corporation was organized on January 1, 2021. During its first year, the corporation issued…

A: Calculation of above requirement are as follows

Q: Teal Corporation is preparing its December 31, 2025, balance sheet. The following items may be…

A: Current liabilities :— It is the liabilities that would expected to be settled within one year.…

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: Bentley Corporation received cash from issuing 13,000 shares of common stock at par on January 1,…

A: In the given question, the Corporation has issued 13,000 shares at par. The par value per share is $…