The stockholders' equity of Pagach Company at December 31, 2013, appears below. Common stock, $10 par value,
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The stockholders' equity of Pagach Company at December 31, 2013, appears below.
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Common stock, $10 par value, 200,000 shares authorized; 70,000 shares issued and outstanding.... Paid-in capital in excess of par value... Retained earnings ... During 2014, the following transactions occurred: May 12 $700,000 480,000 295,000 Declared and issued a 7% stock dividend; the common stock market value was $18 per share. Declared and paid a cash dividend of 75 cents per share. Dec. 31 a. Use the financial statement effects template to indicate the effects of these transactions. b. Reconcile retained earnings for 2014 assuming that the company reports 2014 net income of $283,000.
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Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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