Explanation Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends. The effect on Company G’s shareholder’s equity accounts is as follows: Date Account Titles and explanation Debit ($) Credit ($) Retained earnings (3) 4,100,000 Common stock to be distributed 150,000 Additional paid-in capital from stock dividend 150,000 ( To record the declaration of cash dividend) (Table 1) The Company’s shareholder’s equity accounts will report common stock as $150,000 for the stock dividend declared on the shares outstanding for 5% and additional paid-in capital of $150,000 for the additional capital received due to the increase in the market value of the common stock and the retained earnings $4,100,000 will include all the cash dividend and the stock dividend for the four quarters. Working notes: (1) Calculation of Common stock: Stock dividend on common stock = ( Number of shares outstanding × Percent of stock dividend ) × Par value of common stock = ( 300,000 × 5% ) × $ 10 = 15 , 000 × $ 10 = $ 150 , 000 (2) Calculation of additional paid-in capital: Stock dividend on additional paid-in capital } = ( Number of shares

Intermediate Accounting: Reporting and Analysis (Looseleaf)

2nd Edition

ISBN: 9781285453859

Author: WAHLEN

Publisher: Cengage

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Chapter 16, Problem 1MC

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Chapter 16, Problem 23GI

Chapter 16, Problem 2MC

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Intermediate Accounting: Reporting and Analysis (Looseleaf)

Ch. 16 - What are the four important dates in regard to a...Ch. 16 - How does the ex-dividend date differ from the date...Ch. 16 - Prob. 3GI Ch. 16 - Prob. 4GI Ch. 16 - Prob. 5GI Ch. 16 - Prob. 6GI Ch. 16 - How does the accounting for a liquidating dividend...Ch. 16 - Prob. 8GI Ch. 16 - Prob. 9GI Ch. 16 - Prob. 10GI

Ch. 16 - What items might a corporation include in the...Ch. 16 - Prob. 12GI Ch. 16 - Prob. 13GI Ch. 16 - Prob. 14GI Ch. 16 - Prob. 15GI Ch. 16 - On what date are stock dividends and splits...Ch. 16 - Prob. 17GI Ch. 16 - What two earnings per share figures generally are...Ch. 16 - Prob. 19GI Ch. 16 - Prob. 20GI Ch. 16 - Prob. 21GI Ch. 16 - A company with potentially dilutive share options...Ch. 16 - Prob. 23GI Ch. 16 - Prob. 1MC Ch. 16 - A prior period adjustment should be reflected, net...Ch. 16 - Prob. 3MC Ch. 16 - Effective May 1, the shareholders of Baltimore...Ch. 16 - Prob. 5MC Ch. 16 - For purposes of computing the weighted average...Ch. 16 - In determining basic earnings per share, dividends...Ch. 16 - Prob. 8MC Ch. 16 - Prob. 9MC Ch. 16 - Prob. 10MC Ch. 16 - Prob. 1RE Ch. 16 - Prob. 2RE Ch. 16 - Prob. 3RE Ch. 16 - Use the same facts as in RE 16-3, but instead...Ch. 16 - Given the following current year information,...Ch. 16 - In Year 2, Adams Corporation discovered that it...Ch. 16 - Howard Corporal ion had 10,000 shares of common...Ch. 16 - Given the following year-end information for...Ch. 16 - Aiken Corporation has compensatory share options...Ch. 16 - Marlboro Corporation has 9% convertible preferred...Ch. 16 - Sarasota Corporation has 9% convertible bonds...Ch. 16 - Given the following year-end information, compute...Ch. 16 - Prob. 1E Ch. 16 - Dividends Andrews Company has 80,000 available to...Ch. 16 - Prob. 3E Ch. 16 - Prob. 4E Ch. 16 - Stock Dividend Comparison Although Oriole Company...Ch. 16 - Prob. 6E Ch. 16 - Prob. 7E Ch. 16 - Prob. 8E Ch. 16 - Prob. 9E Ch. 16 - Prob. 10E Ch. 16 - Prob. 11E Ch. 16 - Prob. 12E Ch. 16 - Weighted Average Shares At the beginning of the...Ch. 16 - Prob. 14E Ch. 16 - Prob. 15E Ch. 16 - Prob. 16E Ch. 16 - Prob. 17E Ch. 16 - Prob. 18E Ch. 16 - Prob. 19E Ch. 16 - Prob. 20E Ch. 16 - Prob. 21E Ch. 16 - Francis Company has 24,000 shares of common stock...Ch. 16 - Prob. 23E Ch. 16 - Prob. 24E Ch. 16 - Prob. 25E Ch. 16 - Prob. 26E Ch. 16 - Prob. 27E Ch. 16 - Prob. 28E Ch. 16 - Keener Company has had 1,000 shares of 7%, 100 par...Ch. 16 - Prob. 2P Ch. 16 - Prob. 3P Ch. 16 - Prob. 4P Ch. 16 - Prob. 5P Ch. 16 - Prob. 6P Ch. 16 - Prob. 7P Ch. 16 - Prob. 8P Ch. 16 - Prob. 9P Ch. 16 - Prob. 10P Ch. 16 - Prob. 11P Ch. 16 - Prob. 12P Ch. 16 - Prob. 13P Ch. 16 - Prob. 14P Ch. 16 - Prob. 15P Ch. 16 - Prob. 16P Ch. 16 - Prob. 17P Ch. 16 - Prob. 18P Ch. 16 - Prob. 19P Ch. 16 - Prob. 20P Ch. 16 - Prob. 21P Ch. 16 - Prob. 22P Ch. 16 - Prob. 23P Ch. 16 - Frost Company has accumulated the following...Ch. 16 - Prob. 25P Ch. 16 - Prob. 26P Ch. 16 - Problems may be encountered in accounting for...Ch. 16 - Stock splits and stock dividends may be used by a...Ch. 16 - Earnings per share (EPS) is the most featured...Ch. 16 - The earnings per share data required of a company...Ch. 16 - Prob. 5C Ch. 16 - Public enterprises are required to present...Ch. 16 - Prob. 7C Ch. 16 - Ryan Company has as a goal that its earnings per...

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