Declared stock dividend journal entry
[DOC File]WKU - Western Kentucky University
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To reduce its stock price, Shriver Food Systems, Inc, declared and issued a 50% stock dividend. The company has 800,000 share authorized and 200,000 shares outstanding. The par value of the stock is $1 per share and the market value is $100 per share. Prepare the journal entry to record this large stock dividend.
[DOCX File]Number Knowledge
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The journal entry moves an amount from Retained Earnings to other equity accounts. National Beverage issued a 20 percent stock dividend on 38,000,000 outstanding shares of its $0.01 par value common stock and accounted for it as a large stock dividend. Stock Splits. An increase in the number of shares and a corresponding decrease in par value ...
[DOC File]Chapter thirteen
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February 1: Effected a two-for-one stock split. No journal entry is made, but a memorandum is recorded. After the split, there are 100,000 shares of $5 par common stock. July 1: Declared and distributed 15% stock dividend. The number of shares outstanding before the stock dividend is 100,000.
[DOC File]CHAPTER 16
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May 07, 2010 · On July 1, the market price of the stock was $13 per share. July 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2011. Dec. 31 Determined that net income for the year was $350,000. Journalize the transactions and the closing entry for net income.
Dividends Declared Journal Entry | Double Entry Bookkeeping
Preferred stock issuance and dividends C2. Prepare the journal entry to record Tamasine Company's issuance of 5,000 shares of $100 par value 7% cumulative preferred stock for $102 cash per share. Assuming the facts in part 1, if Tamasine declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders?
[DOC File]AMR Corporation has outstanding 2,000,000 shares of …
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Brookfield Corporation is authorized to issue 80,000 shares of $8 par value common stock. 30,000 shares were issued at $10 on January 1, 2000. On March 1, the company declared a stock dividend of 5%. On June 1, the board of directors declared a dividend of $0.25 per share. On November 1, the company announced a stock split of 2 to 1.
[DOC File]Cone Company had the following transactions related to its ...
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What is the entry to record the declaration of a stock dividend? On 1/1/2001, the stockholders’ equity section of Kofi Corporation’s balance sheet showed the following: Common Stock (par $10; authorized 100,000 shares, outstanding 10,000 shares) $100,000
[DOC File]P14-1A
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The entire 2000 dividend along with $2 per share that was in arrears from 1999 was declared for the preferred stock. A $2 per share dividend was declared on the common stock. 6. On December 30, 2000, the company declared and issued a 10% common stock dividend on all outstanding stock. The common stock was selling at $18 per share on December 30 ...
[DOC File]Chapter 11
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Give the journal entry to record the stock dividend if the stock is selling for $100 per share when the dividend is declared. What factors might influence whether the company chooses a stock split or a stock dividend to double the shares? Example 5. The Conley Company has 100,000 shares of $1 par common stock outstanding. The stock is currently ...
[DOC File]Chapter 11: Reporting and Interpreting Owners’ Equity
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May 17, 2010 · You have been asked to advise on the proper accounting treatment of the stock dividend. The existing stock of the company is quoted on a national stock exchange. The market price of the stock has been as follows: October 31, 2007 $31 November 30, 2007 $35 December 31, 2007 $38 Instructions (a) Prepare the journal entry to record the cash dividend.
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