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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Problem 1Q

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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
The balance sheet of Tampa Company included the following shareholders' equity accounts at December 31,2021 $240,000 Common stock,240,000 shares at $1 par Paid-in captalexcoss of par Retained eamings Total shareholder' equity 060,000 3,800,000 $5.000,000 During 2022, the following transactions occurred 1 On May 3, 2022, a 5-for-4 stock split was declared and distributed. The stock spit was effected in the form of a 25% stock dividend. The market value of the $1 par common stock was $10 per share, 2. On July 5, 2022, a 5% common stock dividend was declared and distributed. The markel value of the common stock was $13 per share. 3. On December 1, 2022, the board of directors declared a cash dividend of $0.8 per share on its common shares, payable on December 28 to sharehoiders Determine the amount of cash dividend paid to shareholders on December 28, 2022 O $240,000 O $252,000 O $201,600 O $192.000
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Tiger Corp. provides the following data for calendar 2022 Net Income... $ 3,600,000 Transactions in Common Shares Change Cumulative Jan 1 beginning 1,400,000 Mar 1 purchase of treasury shares (80,000) 1.320,000 Jun 1 shares split 2 for 1 1,320,000 2,640,000 Nov 1 issuance of new shares 160,000 2,800,000 Instructions Calculate basic earnings per share for 2022.
Need questions 3,4 and 5
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.
Subject: accounting
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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

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