Pickens Corporation declares and issues a 10% stock dividend. On the date of declaration, the stock is selling for $30 per share. Assuming that there were 50,000 shares previously outstanding, with a $10 par value, prepare the journal entry on the date of declaration to record Pickens’s stock dividend.
Answer to relevant QuestionsUse the same facts as in RE 16-3, but instead assume that Pickens declares and issues a 50% stock dividend when the stock is selling for $30 per share. Prepare the journal entry on the date of declaration to record Pickens's ...Keener Company has had 1,000 shares of 7%, $100 par preferred stock and 40,000 shares of $5 stated LO 16.1 value common stock outstanding for the last 3 years. During that period, dividends paid totaled $6,000, $28,000, and ...You’ve been hired to perform an audit of Hubbard Company for the year ended December 31, 2016. You find the following account balances related to shareholders’ equity': Preferred stock, $100 par .... $ 30,000 Common ...Various Dividends Carlyon Company listed the following items in its December 31, 2015, financial statements: Investment in Man Company bonds ..... $25,000 Dividends payable: preferred ........ 4,000 Dividends payable: ...What is fully participating preferred stock? Partially participating preferred stock?
Post your question