Stock Dividend: The Stock dividend is the number of shares given as dividend to the shareholders. The Stock dividend is declared first and shares are issued later. There are two journal entries made, one at the time of declaration of stock dividend and another at the time of issuance of shares. Small Stock Dividend: The Stock Dividend below 25% is called a small stock dividend. To record the declaration of small stock dividends, the retained earnings is debited with the market value of shares issued as stock and common stock dividend distributable account is credited with the same amount. At the time of issuing shares, the common stock dividend distributable is debited with the market value of shares issued as stock and common stock is credited with the par value of shares issued as stock and Paid in excess of par value- common stock is credited with the excess amount. To prepare: The Stockholder's Equity section after the stock dividend.

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Answer 1

Question

Chapter 13, Problem 8QS

To determine

Concept Introduction:

Stock Dividend:

The Stock dividend is the number of shares given as dividend to the shareholders. The Stock dividend is declared first and shares are issued later. There are two journal entries made, one at the time of declaration of stock dividend and another at the time of issuance of shares.

Small Stock Dividend:

The Stock Dividend below 25% is called a small stock dividend. To record the declaration of small stock dividends, the retained earnings is debited with the market value of shares issued as stock and common stock dividend distributable account is credited with the same amount. At the time of issuing shares, the common stock dividend distributable is debited with the market value of shares issued as stock and common stock is credited with the par value of shares issued as stock and Paid in excess of par value- common stock is credited with the excess amount.

To prepare:

The Stockholder's Equity section after the stock dividend.

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Answer 2

Question

Chapter 13, Problem 8QS

To determine

Concept Introduction:

Stock Dividend:

The Stock dividend is the number of shares given as dividend to the shareholders. The Stock dividend is declared first and shares are issued later. There are two journal entries made, one at the time of declaration of stock dividend and another at the time of issuance of shares.

Small Stock Dividend:

The Stock Dividend below 25% is called a small stock dividend. To record the declaration of small stock dividends, the retained earnings is debited with the market value of shares issued as stock and common stock dividend distributable account is credited with the same amount. At the time of issuing shares, the common stock dividend distributable is debited with the market value of shares issued as stock and common stock is credited with the par value of shares issued as stock and Paid in excess of par value- common stock is credited with the excess amount.

To prepare:

The Stockholder's Equity section after the stock dividend.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 13, Problem 8QS

To determine

Concept Introduction:

Stock Dividend:

The Stock dividend is the number of shares given as dividend to the shareholders. The Stock dividend is declared first and shares are issued later. There are two journal entries made, one at the time of declaration of stock dividend and another at the time of issuance of shares.

Small Stock Dividend:

The Stock Dividend below 25% is called a small stock dividend. To record the declaration of small stock dividends, the retained earnings is debited with the market value of shares issued as stock and common stock dividend distributable account is credited with the same amount. At the time of issuing shares, the common stock dividend distributable is debited with the market value of shares issued as stock and common stock is credited with the par value of shares issued as stock and Paid in excess of par value- common stock is credited with the excess amount.

To prepare:

The Stockholder's Equity section after the stock dividend.

Expert Solution & Answer

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Answer 4

Question

Chapter 13, Problem 8QS

To determine

Concept Introduction:

Stock Dividend:

The Stock dividend is the number of shares given as dividend to the shareholders. The Stock dividend is declared first and shares are issued later. There are two journal entries made, one at the time of declaration of stock dividend and another at the time of issuance of shares.

Small Stock Dividend:

The Stock Dividend below 25% is called a small stock dividend. To record the declaration of small stock dividends, the retained earnings is debited with the market value of shares issued as stock and common stock dividend distributable account is credited with the same amount. At the time of issuing shares, the common stock dividend distributable is debited with the market value of shares issued as stock and common stock is credited with the par value of shares issued as stock and Paid in excess of par value- common stock is credited with the excess amount.

To prepare:

The Stockholder's Equity section after the stock dividend.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 13, Problem 8QS

To determine

Concept Introduction:

Stock Dividend:

The Stock dividend is the number of shares given as dividend to the shareholders. The Stock dividend is declared first and shares are issued later. There are two journal entries made, one at the time of declaration of stock dividend and another at the time of issuance of shares.

Small Stock Dividend:

The Stock Dividend below 25% is called a small stock dividend. To record the declaration of small stock dividends, the retained earnings is debited with the market value of shares issued as stock and common stock dividend distributable account is credited with the same amount. At the time of issuing shares, the common stock dividend distributable is debited with the market value of shares issued as stock and common stock is credited with the par value of shares issued as stock and Paid in excess of par value- common stock is credited with the excess amount.

To prepare:

The Stockholder's Equity section after the stock dividend.

Answer 6

Chapter 13, Problem 8QS

To determine

Concept Introduction:

Stock Dividend:

The Stock dividend is the number of shares given as dividend to the shareholders. The Stock dividend is declared first and shares are issued later. There are two journal entries made, one at the time of declaration of stock dividend and another at the time of issuance of shares.

Small Stock Dividend:

The Stock Dividend below 25% is called a small stock dividend. To record the declaration of small stock dividends, the retained earnings is debited with the market value of shares issued as stock and common stock dividend distributable account is credited with the same amount. At the time of issuing shares, the common stock dividend distributable is debited with the market value of shares issued as stock and common stock is credited with the par value of shares issued as stock and Paid in excess of par value- common stock is credited with the excess amount.

To prepare:

The Stockholder's Equity section after the stock dividend.

Answer 7

Chapter 13, Problem 8QS

To determine

Concept Introduction:

Stock Dividend:

The Stock dividend is the number of shares given as dividend to the shareholders. The Stock dividend is declared first and shares are issued later. There are two journal entries made, one at the time of declaration of stock dividend and another at the time of issuance of shares.

Small Stock Dividend:

The Stock Dividend below 25% is called a small stock dividend. To record the declaration of small stock dividends, the retained earnings is debited with the market value of shares issued as stock and common stock dividend distributable account is credited with the same amount. At the time of issuing shares, the common stock dividend distributable is debited with the market value of shares issued as stock and common stock is credited with the par value of shares issued as stock and Paid in excess of par value- common stock is credited with the excess amount.

To prepare:

The Stockholder's Equity section after the stock dividend.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 13 - Prob. 1QS Ch. 13 - Prob. 2QS Ch. 13 - Prob. 3QS Ch. 13 - Prob. 4QS Ch. 13 - Prob. 5QS Ch. 13 - Prob. 6QS Ch. 13 - Prob. 7QS Ch. 13 - Prob. 8QS Ch. 13 - Prob. 9QS Ch. 13 - Prob. 10QS

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Chapter 13 Solutions