The stockholders equity section of Melanie Corporation consists of common stock ($10 par) $2,000,000 and retained earnings
Question:
The stockholders’ equity section of Melanie 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 value per share is $14. Show the before and after effects of the dividend on the following.
(a) The components of stockholders’ equity.
(b) Shares outstanding.
(c) Par value per share.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
stocks outstanding on date of dividend 2000000 retained earnings 500000 ...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Business questions
-
The stockholders equity section of Haley Corporation at December 31 is as follows. HALEY CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized,...
-
On October 31, the stockholders equity section of Ennis Company consists of common stock $300,000 and retained earnings $900,000. Ennis is considering the following two courses of action: (1)...
-
On October 31, the stockholders equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action: (1) Declaring...
-
How is the standard form of a circles equation obtained from its general form?
-
Fragment the Customer table so that customers of rep 20 form a fragment named CustomerRep20, customers of rep 35 form a fragment named CustomerRep35, and customers of rep 65 form a fragment named...
-
The formula for computing the number of ways of choosing r different things from a set of n things is the following: In this formula, the factorial function is represented by an exclamation point (!)...
-
Determine the deflection of the beam at its center caused by shear. The shear modulus is \(G\). I 27 - 22
-
Issa Manufacturing Company was started on January 1, 2014, when it acquired $78,000 cash by issuing common stock. Issa immediately purchased office furniture and manufacturing equipment costing...
-
1. This podcast explores why a small community within western Kenya, the Kalenjen, produces so many of the world's best runners. a. What explanations that are offered fit with those that a physical...
-
Consider the snapshot of the Linear Hashing index shown in Figure 11.7. Assume that a bucket split occurs whenever an overflow page is created. In figure 11.7 1. What is the maximum number of data...
-
Sorocaba Co. had the following transactions during the current period. Mar. 2 Issued 5,000 shares of $1 par value ordinary shares to attorneys in payment of a bill for $30,000 for services provided...
-
The balance in retained earnings on January 1, 2012, for Thomas Inc, was $800,000. During the year, the corporation paid cash dividends of $90,000 and distributed a stock dividend of $8,000. In...
-
What do liquidity ratios measure? (a) A firms ability to meet cash needs as they arise. (b) The liquidity of fixed assets. (c) The overall performance of a firm. (d) The extent of a firms financing...
-
The following financial information is related to the 2022 operations of Wildhorse Company. Maintenance and repairs expense $91,000 Utilities expense 14,000 Salaries and wages expense 151,500...
-
Sheridan Service sells oil at a markup of 42% of the selling price. Sheridan paid $0.91 per litre of oil. (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a)...
-
Think about the following relation: {(0,2), (-2,0), (0,7), (-1,0)} What is the domain of the relation? { What is the range of the relation? { }
-
The following information is available for the pension plan of Crane Company for the year 2025. Actual and expected return on plan assets $15,300 Benefits paid to retirees 36,700 Contributions...
-
Sandhill Truck Service uses the units-of-production method to calculate depreciation on its trucks. Each truck is expected to be driven 303,300 km over its life. Truck 10 was purchased on March 1,...
-
An ideal gas. Cp = (7 / 2) R and Cv = (5 / 2) R, undergoes a cycle consisting of the following mechanically reversible steps: An adiabatic compression from P1, V1. T1 to P2, V2, T2. An isobaric...
-
Sportique Boutique reported the following financial data for 2012 and 2011. Instructions(a) Calculate the current ratio for Sportique Boutique for 2012 and 2011.(b) Suppose that at the end of 2012,...
-
Dilts Company has a unit selling price of $400, variable costs per unit of $250, and fixed costs of $210,000. Compute the break-even point in units using (a) The mathematical equation and (b)...
-
Dilts Company has a unit selling price of $400, variable costs per unit of $250, and fixed costs of $210,000. Compute the break-even point in units using (a) The mathematical equation and (b)...
-
For Ortega Company, variable costs are 60% of sales, and fixed costs are $210,000. Managements net income goal is $60,000. Compute the required sales needed to achieve managements target net income...
-
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Submit Date March 1 March 5 March 9 March 18 March 25 March 29...
-
Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is...
-
What are the fundamental differences between preemptive and cooperative multitasking in an operating system, and in which scenarios would each be most effective ?
Study smarter with the SolutionInn App