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[DOC File]Cone Company had the following transactions related to its ...
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(a) When the stock dividend is declared, this journal entry is made: Account Debit Credit Retained Earnings 12,000 Stock Dividends Distributable 1,000 Additional Paid-in Capital on Common Stock 11,000 (b) When the stock dividend is paid, this entry is made:
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[DOC File]Chapter 11 Stockholders Equity: Paid-In Capital
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Treasury stock, 1,500 shares purchased at market value of $6 per share Required: (1) Prepare the stockholders' equity section of the balance sheet. (2) Prepare the journal entry for the purchase of the treasury stock. (3) Blake paid the liability for dividends on March 1. Prepare the journal entry for the payment.
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[DOCX File]Number Knowledge
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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? (Assume no dividends in arrears.
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[DOC File]Issuance of Common Stock example
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The journal entry the company will make is, Treasury stock (1,000 x 25) 25,000. Cash 25,000. If 500 shares are subsequently sold at a market price of $30, the journal entry to reflect this sale is as follows: Cash (500 x 30) 15,000. Treasury stock (500 x 25) 12,500 . Additional paid …
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[DOC File]Chapter 09 Consolidation Ownership Issues
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22. Based on the preceding information, in the journal entry recorded by Vision for sale of shares: A. Cash will be credited for $60,000. B. Investment in Meta Stock will be credited for $51,000. C. Investment in Meta Stock will be credited for $60,000. D. Additional Paid-in Capital will be credited for $45,000. 23.
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[DOC File]Godgift
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Describe the journal entry for a stock dividend on common stock (which has a par value). Solution 15-137. A stock dividend results in the transfer from retained earnings to paid-in capital of an amount equal to the fair value of each share, if the dividend is less than 20-25%, or par value of each share, if the dividend is greater than 20-25%.
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[DOC File]Chapter 11: Reporting and Interpreting Owners’ Equity
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What journal entry is recorded when a company declares a dividend? What journal entry is recorded when a company pays the dividend already declared? Dividends on Preferred Stock. ... Declared and paid a cash dividend of $19,800. Net income for the year is $30,000.
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[DOC File]Chapter 15 Partnerships: Formation, Operation, and Changes ...
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In the journal entry to record Tiffany's withdrawal: A. Tiffany, Capital will be credited for $60,000. B. Ron, Capital will be debited for $5,000. C. Stella, Capital will be debited for $4,000. D. Cash will be debited for $60,000. 29. Refer to the above information. Tiffany is paid $60,000, and no goodwill is recorded.
stock dividend journal entry

[DOCX File]WordPress.com
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On the declaration date of a large stock dividend, a journal entry is made to transfer the par value of the shares being issued from retained earnings to the paid-in capital section of stockholders' equity. To illustrate, let's assume a corporation has 2,000 shares of common stock outstanding when it declares a 50% stock dividend. This means ...
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[DOC File]f01.justanswer.com
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Prepare the journal entry to record item 3 using the cost method. ... Paid the annual 2013 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2013. 2. Purchased 1,700 shares of its own outstanding common stock for $40 per share.
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Dividend paid journal entry