The shareholders equity for Pondwood, Inc. on December 31, 2013, follows: Shareholders Equity Share Capital: Common Shares,
Question:
The shareholders’ equity for Pondwood, Inc. on December 31, 2013, follows:
Shareholders’ Equity
Share Capital:
Common Shares, 350,000 shares authorized,
40,000 issued and outstanding......$200,000
Total Share Capital............. 200,000
Retained Earnings............. 360,000
Total Shareholders’ Equity.........$560,000
On September 30, 2014, the market price of Pondwood’s common shares was $11 per share and the company distributed a 30% stock dividend.
Requirements
1. Journalize the declaration and distribution of the stock dividend.
2. Prepare the shareholders’ equity section of the balance sheet after the stock dividend.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For 
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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