Question: To reduce its stock price Shriver Food Systems Inc declared
To reduce its stock price, Shriver Food Systems, Inc., declared and issued a 100 percent stock dividend. The company has 800,000 shares authorized and 200,000 shares outstanding. The par value of the stock is $ 1 per share and the market value is $ 100 per share. Prepare the journal entry to record this large stock dividend.
Relevant QuestionsFace 2 Face Corporation reports 100 outstanding shares, 500 authorized shares, and 50 shares of treasury stock. How many shares are issued? On May 20, the board of directors for Auction. com declared a cash dividend of 50 cents per share payable to stockholders of record on June 14. The dividends are paid on July 14. The company has 500,000 shares of stock ...On July 1, Jones Corporation had the following capital structure: Common Stock, par $ 1; 8,000,000 authorized shares, 100,000 issued and outstanding………………………………….. $ 100,000 Additional Paid-in ...Shelby Corporation was organized in January to operate an air-conditioning sales and service business. The charter issued by the state authorized the following capital stock: Common stock, $1 par value, 200,000 ...Tower Corp. had the following stock outstanding and Retained Earnings at December 31, 2015: Common Stock (par $ 8; outstanding, 30,000 shares)……….. $ 240,000 Preferred Stock, 8% (par $ 10; outstanding, 6,000 ...
Post your question