On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stockdividend or split. Sharper declares and immediately distributes a 50% stock dividend.Common stock-$10 par value, 90,000 shares issued and outstandingPaid-in capital in excess of par value, common stockRetained earningsTotal stockholders' equityExercise 11-8 (Algo) Large stock dividend LO P2(1) Prepare the updated stockholders' equity section after the distribution is made.(2) Compute the number of shares outstanding after the distribution is made.Complete this question by entering your answers in the tabs below.Required 1 Required 2Prepare the updated stockholders' equity section after the distribution is made.SHARPER CORPORATIONStockholders' Equity Section of the Balance SheetJune 30Total stockholders' equity69$$ 900,000400,000760,000$ 2,060,0000

STATEMENT OF SHAREHOLDERS EQUITY Statement of Shareholders Equity is also Known as Changes in…

Answered: On June 30, Sharper Corporation's…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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On September 1, the board of directors of a company, declares a stock dividend on its 22,000, $13 par, common shares. The market price of the common stock is $42 on this date.Required:1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. need help
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On January 1, 2021, Nichols Corporation had 500,000 shares of common stock outstanding. During 2021 there were the following changes: Mar 1 Issued 150,000 shares Apr 1 Issued a 15% stock dividend May 1 Acquired 50,000 shares of treasury stock July 1 Issued a 2-1 stock split Oct 1 Reissued 60,000 shares of treasury stock Instructions: Compute the weighted average shares outstanding for 2021 in the excel file.
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Entries for stock dividends Zurich Corporation has 30,000 shares of $90 par common stock outstanding. On August 2, Zurich Corporation declared a 4% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $136 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank.
Reporting StocknolderS Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. Two hundred thousand shares of common stock are authorized. and 5,000 shares have been reacquired. Common Stock, $3 par $270,000 Paid-In Capital from Sale of Treasury Stock 62,000 Paid-In Capital in Excess of Par-Common Stock 1,196,000 Retained Earnings 7,430,000 Treasury Stock 230,000 Stockholders' Equity Paid-in capital: Total Paid-In Capital Total Stockholders' Equity 0000 00 00 64
! Required information [The following information applies to the questions displayed below] The stockholders' equity section of TVX Company on February 4 follows. Common stock-$10 par value, 150,000 shares authorized, 59,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend $ 590,000 424,000 553,000 $ 1,567,000 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity) TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28
Company E reports the following stockholders' equity: Common Stock, 100,000 authorized, 30,000 issued, $3 par ? Paid-In Common Stock 93,000 Less: Treasury Stock, 5000 shares (15,000) Retained Earnings 40,000 Assume that Company E pays a $1 per share dividend to its common shareholders. What would be the ending balance in Retained Earnings after the dividend was paid?
Epic Incorporated has 10,100 shares of $2 par value common stock outstanding. Epic declares a 6% stock dividend on July 1 when the stock's market value is $9 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet 1 2 Record the distribution of 6% stock dividend. Note: Enter debits before credits. Date July 20 General Journal Debit Credit

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