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Prepare the stockholders' equity section of the balance sheet at March 31. (Enter account name only and do not provi information.) ORIOLE CORPORATION Partial Balance Sheet

Prepare the stockholders' equity section of the balance sheet at March 31. (Enter account name only and do not provi information.) ORIOLE CORPORATION Partial Balance Sheet

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Qw.19.

B On January 1, 2022, Oriole Corporation had the following stockholders' equity accounts. Common Stock (no par value, 91,000 shares issued and outstanding) Retained Earnings During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 31 Dec. 1 31 $1,375,000 504,000 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 3-for-1 stock split. Prior to the split, the market price per share was $38. Declared a 6% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $10 per share. Issued the shares for the stock dividend. Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2023. Determined that net income for the year was $365,000.
Transcribed Image Text:B On January 1, 2022, Oriole Corporation had the following stockholders' equity accounts. Common Stock (no par value, 91,000 shares issued and outstanding) Retained Earnings During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 31 Dec. 1 31 $1,375,000 504,000 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 3-for-1 stock split. Prior to the split, the market price per share was $38. Declared a 6% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $10 per share. Issued the shares for the stock dividend. Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2023. Determined that net income for the year was $365,000.
-76 ORIOLE CORPORATION Partial Balance Sheet !!! Prepare the stockholders' equity section of the balance sheet at March 31. (Enter account name only and do not provide descripti information.)
Transcribed Image Text:-76 ORIOLE CORPORATION Partial Balance Sheet !!! Prepare the stockholders' equity section of the balance sheet at March 31. (Enter account name only and do not provide descripti information.)
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