Concept Introduction:
Stock Dividend:
Stock Dividend is a corporate action taken to provide dividends to shareholders in the form of Stocks, its usually declared as a Percentage of Current outstanding shares, which will be issued at market value or par value, depending on percent of shares to be issued. In case the percentage is 20-25% it will be large stock dividend and will be distributed at par value.
Requirement 1
Concept Introduction
Stock Dividend:
Stock Dividend is a corporate action taken to provide dividends to shareholders in the form of Stocks, its usually declared as a Percentage of Current outstanding shares, which will be issued at market value or par value, depending on percent of shares to be issued.In case the percentage is 20-25% it will be large stock dividend and will be distributed at par value.
Requirement 1
Equity Section of
Want to see the full answer?
Check out a sample textbook solutionChapter 13 Solutions
CONNECT ONLINE ACCESS FOR FUNDAMENTAL AC
- What is the value of ending inventory using variable costing ?arrow_forward1. Papyrus Company manufacturers laser printers. It has outlined the following overhead cost drivers: Overhead Costs Pool Cost Driver Overhead Cost Budgeted Level for Cost Driver Quality control Number of inspections $ 84,000 1,500 Machine operation Machine hours 240,000 2,000 Materials handling Number of batches 1,600 40 Miscellaneous overhead cost Direct labor hours 64,000 6,400 Papyrus Company has an order for 1,000 laser printers that has the following production requirements: Number of inspections 330 Machine hours 280 Number of batches 5 Direct labor hours 850 What is the total overhead cost per unit of the laser printers order using activity-based costing? Note: Rounded to the nearest cent. 2. If Activity X had a budgeted cost of $129,000 and a budgeted activity consumption of 15,000 engineering hours, what would the activity consumption rate be?arrow_forwardHappy Toys produced 10,000 units in March. Production costs were: direct materials $50,000, direct labor $30,000, and factory overhead $20,000. What the cost per unit?arrow_forward
- What is the opereting cash now for this project?arrow_forwardStar Mobile Store-bought phones worth $40,000. Terms include 2/10, n/30. If they pay within the discount period, calculate the amount of payment after cash discount. General Accountarrow_forwardWhat is the contribution margin ratio? ? Financial accounting questionarrow_forward
- What is the opereting cash now for this project? General accountingarrow_forward??!!arrow_forward1. Lazuli Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and digital camcorders. Model Annual Sales in Units High F 10,700 Great P 16,700 Lazuli uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of each product were as follows: High F Great P Direct materials $ 38.70 $ 26.10 Direct labor $ 18.30 $ 13.90 Budget factory overhead: Engineering and Design 2,540 engineering hours $ 431,800 Quality Control 12,970 inspection hours 258,200 Machinery 33,850 machine hours 506,850 Miscellaneous Overhead 26,530 direct labor hours 105,880 Total $ 1,302,730 Lazuli's controller had been researching activity-based costing and decided to switch to it. A special study determined Lazuli's two products have the following budgeted activities: High F Great P Engineering and design hours 1,030 1,510 Quality control inspection hours 5,710 7,260…arrow_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