(a)
Stock Dividends: It refers to the payment of the dividend to its shareholders by the corporation in the form of shares rather than cash, is referred as stock dividend.
Outstanding stock: It refers to the number of shares that are held by the existing stockholders of the company.
Par value: It refers to the value of a stock that is stated by the corporation’s charter. It is also known as face value of a stock.
To show: the before and after effects of stock dividend on the components of
(b)
To Show: The before and after effect of stock dividends on shares outstanding for Corporation P.
(c)
To show: The before-and-after effects of the dividend on par value per share.
Want to see the full answer?
Check out a sample textbook solutionChapter 11 Solutions
Financial Accounting, 10e WileyPLUS Registration Card + Loose-leaf Print Companion
- The following data pertains to the direct materials cost for the month of October: Standard costs: 5,000 units allowed at $20 each Actual costs: 5,050 units input at $19 each What is the direct materials efficiency (quantity) variance? a. $950 favorable b. $950 unfavorable c. $1,000 favorable d. $1,000 unfavorable e. $50 unfavorablearrow_forwardNeed help with this financial accounting questionarrow_forwardabc general accountionsarrow_forward
- Compute bolster's predetermined overhead ratearrow_forwardFleck's standard quantities for 1 unit of the product include 2 pounds of materials and 1.5 labor hours. The standard rates are $4 per pound and $14 per hour. The standard overhead rate is $16 per direct labor hour. The total standard cost of Fleck's product is: A) $29 B) $34 C) $45 D) $53arrow_forwardGeneral Accounting Question provide answerarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education