Langley Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the stock dividend.
Answer to relevant QuestionsThe stockholders’ equity section of Pretzer Corporation consists of common stock ($10 par) $2,000,000 and retained earnings $500,000. A 10% stock dividend (20,000 shares) is declared when the market price per share is $14. ...Ziegler Corporation reports net income of $380,000 and a weighted-average of 200,000 shares of common stock outstanding for the year. Compute the earnings per share of common stock.Knudsen Corporation was organized on January 1, 2013. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company ...Dirk Company reported the following balances at December 31, 2013: common stock $500,000, paid-in capital in excess of par value—common stock $100,000, and retained earnings $250,000. During 2014, the following ...The stockholders’ equity accounts of Karp Company at January 1, 2014, are as follows.Preferred Stock, 6%, $50 par ................ $600,000Common Stock, $5 par .................... 800,000Paid-in Capital in Excess of ...
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