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.
Stock Splits: It is a method of increasing the total number of outstanding shares thereby, reducing the market price of each share, however, keeping the corporation’s total market value constant.
the effect of stock dividend on total
b)
the effect of stock dividend on total stockholders’ equity.
c)
the effect of treasury stock on total stockholders’ equity.
d)
the effect of treasury stock on total stockholders’ equity.
Want to see the full answer?
Check out a sample textbook solutionChapter 13 Solutions
MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Financial & Managerial Accounting, The Financial Chapters (My Accounting Lab)
- Cost accounting problemarrow_forwardAs of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2018 A. Armani, Capital, Dec. 31, 2019 A. Armani, withdrawals Consulting revenue $ 10,000 $ 9,000 $ 6,000 $ 5,000 $ 11,000 $ 16,000 $ 19,000 $13,000 $ 33,000 Rental revenue $ 22,000 Salaries expense $ 20,000 Rent expense $ 12,000 Selling and administrative expenses $ 8,000 Required: Prepare a year-end statement of owner's equity for Armani Company. The owner invested a total of $1,000 cash during the year.arrow_forwardGeneral accountingarrow_forward
- Watts Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. The company estimated manufacturing overhead at $306,000 for the year and direct labor hours a 117,000. Actual manufacturing overhead costs incurred during the year totaled $285,000. Actual direct labor hours were 118,000. What was the overapplied or underapplied overhead for the year?arrow_forwardFinancial accountingarrow_forwardErie Co. manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows. Standard Hours 18 minutes Standard Rate per Hour Standard Cost $ 17.00 $5.10 During August, 5,750 hours of direct labor time were needed to make 20,000 units of the Jogging Mate. The direct labor cost totaled $102,350 for the month. What is the standard labor cost allowed to make 20,000 Jogging Mates?arrow_forward
- hi expert please given answer General accounting questionarrow_forwardAnswer this cost accounting questionarrow_forwardKendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the selling price. If total fixed expenses are $30,000, the degree of operating leverage isarrow_forward
- Financial Accounting: The Impact on Decision Make...AccountingISBN:9781305654174Author:Gary A. Porter, Curtis L. NortonPublisher:Cengage LearningFinancial Reporting, Financial Statement Analysis...FinanceISBN:9781285190907Author:James M. Wahlen, Stephen P. Baginski, Mark BradshawPublisher:Cengage Learning