Connect 2-Semester Access Card for Fundamental Accounting Principles
Connect 2-Semester Access Card for Fundamental Accounting Principles
22nd Edition
ISBN: 9780077632755
Author: John Wild
Publisher: McGraw-Hill Education
Question
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Chapter 13, Problem 5E

Requirement-1:

To determine

To determine:

The retained earnings balance, total stockholders’ equity, and number of shares outstanding after distributing 50% stock dividend.

2)

To determine

To determine:

The retained earnings balance, total stockholders’ equity, and number of shares outstanding after a 3 for 2 stock split

Requirement-3:

To determine

To state:

The difference for a stockholder between the stock dividend and stock split

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Richfield Corporation acquired a manufacturing facility valued at $350,000 for property tax purposes in exchange for 12,000 shares of its $10 par common stock. The stock is actively traded and sells for $32 per share. At what amount should the manufacturing facility be recorded by Richfield Corporation? a. $120,000 b. $350,000 c. $384,000 d. $300,000

Chapter 13 Solutions

Connect 2-Semester Access Card for Fundamental Accounting Principles

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