Aggregate Mining Corporation was incorporated five years ago. It is also authorized to issue 750,000 shares...
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Aggregate Mining Corporation was incorporated five years ago. It is also authorized to issue 750,000 shares of $1 par value common stock. It has issued only 50,000 of the common shares. In its sixth year, the corporation has the following transactions: A: 3/1/2023 Declares a cash dividend of $2 per share B: 3/30/2023 Pays the cash dividend C: 7/10/2023 Declares a 5% stock dividend when the stock is trading at $15 per share D: 8/5/2023 Issues the stock dividend E 9/10/2023 Declares a 3-for-1 stock split of its common shares F: Journalize the transactions G: For the stock split, show the calculation for how many shares are outstanding after the split and the par value per share after the spilt A1 11 12 3252522 14 13 A 15 16 17 19 18 C 8222288888858 20 21 23 24 27 29 20 E/G 30 5 100% Y fx Textbook Ref 31 14 Homework File Edit View Insert Format Data Tools Extensions Help .00 123 32 Computations A $ % Cash Dividend computation # of shares outstanding $ cash dividend per share Total $ of cash dividend Stock split computation Number of shares before the split Instinti B Stock Dividend computation Number of common stock to be issued $value of the each common stock issued Total $ value of the stock distribution, of which: Par value per share $ credited to common stock account (par value) $ credited paid in capital in excess of par ܧ ܩ THE Arial Par value per share before the split Total par value of the common stock before the split Number of shares after the split Par value per share after the split Total par value of the common stock after the split ****** ▼ - OF THE 11 + B I c C </ H EB 63 - E- D 33 34 Date 35 36 37 38 30 ***** 99 43 40 41 C: 7/10/2023 42 44 40 47 Part E 48 49 A: 3/1/2023 B: 3/30/2023 D: 8/5/2023 Account Title Declares a cash dividend of $2 per share Pays the cash dividend Y Declares a 5% stock dividend when the stock is trading at $15 per share Issues the stock dividend C Debit D Credit Aggregate Mining Corporation was incorporated five years ago. It is also authorized to issue 750,000 shares of $1 par value common stock. It has issued only 50,000 of the common shares. In its sixth year, the corporation has the following transactions: A: 3/1/2023 Declares a cash dividend of $2 per share B: 3/30/2023 Pays the cash dividend C: 7/10/2023 Declares a 5% stock dividend when the stock is trading at $15 per share D: 8/5/2023 Issues the stock dividend E 9/10/2023 Declares a 3-for-1 stock split of its common shares F: Journalize the transactions G: For the stock split, show the calculation for how many shares are outstanding after the split and the par value per share after the spilt A1 11 12 3252522 14 13 A 15 16 17 19 18 C 8222288888858 20 21 23 24 27 29 20 E/G 30 5 100% Y fx Textbook Ref 31 14 Homework File Edit View Insert Format Data Tools Extensions Help .00 123 32 Computations A $ % Cash Dividend computation # of shares outstanding $ cash dividend per share Total $ of cash dividend Stock split computation Number of shares before the split Instinti B Stock Dividend computation Number of common stock to be issued $value of the each common stock issued Total $ value of the stock distribution, of which: Par value per share $ credited to common stock account (par value) $ credited paid in capital in excess of par ܧ ܩ THE Arial Par value per share before the split Total par value of the common stock before the split Number of shares after the split Par value per share after the split Total par value of the common stock after the split ****** ▼ - OF THE 11 + B I c C </ H EB 63 - E- D 33 34 Date 35 36 37 38 30 ***** 99 43 40 41 C: 7/10/2023 42 44 40 47 Part E 48 49 A: 3/1/2023 B: 3/30/2023 D: 8/5/2023 Account Title Declares a cash dividend of $2 per share Pays the cash dividend Y Declares a 5% stock dividend when the stock is trading at $15 per share Issues the stock dividend C Debit D Credit
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Based on the provided information lets compute the transactions A 312023 Declares a cash dividend of ... View the full answer
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Posted Date:
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