What effect does a stock split have on retained earnings? Explain.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
A stock split has no effect on retained earnings ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
Question Posted:
Students also viewed these Accounting questions
-
What effect does a stock dividend have on the accounts of the corporation? A stock split?
-
What effect does a stock dividend have on the consolidated statements workpaper in the year of declaration? In subsequent periods?
-
The following note related to stockholders equity was reported in Wiebold, Inc.s annual report. On February 1, the Board of Directors declared a 3-for-2 stock split, distributed on February 22 to...
-
In Exercises confirm that the Integral Test can be applied to the series. Then use the Integral Test to determine the convergence or divergence of the series. n=1 2 3n + 5
-
The following T account is a summary of the cash account of Crowley Company. What amount of net cash provided (used) by financing activities should be reported in the statement of cashflows? Cash...
-
Access the 2007 10-K for Abercrombie & Fitch (www.abercrombie.com). Required: Prepare a trend analysis for 2006 and 2007, using 2006 as the base year.
-
Leicht Transfer & Storage provides warehousing services and often purchases pallets from Pallet Central. The companies followed a standard practice for documenting these transactions in which Pallet...
-
Suppose that new entry decreased your demand elasticity from 2 to 3 (made demand more elastic). By how much should you adjust your price of $10?
-
Problem 2 o is the fitted value or predicted value of the response when the predictor is xo. 1) Derive the variance of o, o2 {0}, in a Simple Linear Regression setting when there is only one...
-
Lyndon, an 8-year-old boy presents to your clinic with a 3-day history of a white coating in his mouth. He denies having a sore throat, upper respiratory infection symptoms, gastrointestinal (GI)...
-
When a stock dividend is declared, what journal entry is made? How is the amount of the dividend determined or measured?
-
After all revenue and expense accounts, other than Income Tax Expense, have been extended to the Income Statement section of the worksheet of SueB7 Corporation, the net income is determined to be...
-
How is the sales tax rate usually determined? Does the company get to keep the sales tax as earned revenue?
-
You run reports in data analysis software and compile a list that shows sales tax was not charged on all sales. What is your next step?
-
What is an excellent example How would you distinguish between fund capital assets and general capital assets in the organization? What criterion is needed to determine how to classify the assets for...
-
Given the following information, determine net income. The owner's capital account balance on January 1, 20Y8, is $59,000; owner's withdrawals during 20Y8 total $18,650; and the owner's capital...
-
An analysis of the accounts shows the following end of month adjustments. For each transaction, find correct journal entries. Half of unearned revenue was earned in January.
-
What three things do you need to determine the depreciation expense of a fixed asset? What three things do you need to determine the depreciation expense of a fixed asset?
-
Cauchy Inc. (CI) has just had a planning meeting with its auditors. There were several concerns raised during the meeting regarding the draft financial statements for the December 31, 2020 year end....
-
Assessing simultaneous changes in CVP relationships Braun Corporation sells hammocks; variable costs are $75 each, and the hammocks are sold for $125 each. Braun incurs $240,000 of fixed operating...
-
JEB Companys beginning raw materials inventory was $95,000. Its net purchases for the period were $875,000, and its ending raw materials inventory was $75,000. What was its cost of raw materials used?
-
Using the data given in Exercise 26.1, prepare the general journal entry to record adjustments for inventory accounts. Debit Credit Finished Goods Inventory Work in Process Inventory Raw Materials...
-
The following selected items appeared in the adjusted trial balance columns of the worksheet for Blue Company on December 31, 2019. From this information, prepare the section of the statement of cost...
-
An analysis of the activities needed to produce each product has been conducted. In addition, estimates have been developed. These are in the table below. Match the OH rate with the activity for each...
-
Service business 1. You are required to form a small business (Service business) 2. Explain the name and nature of the business, location, mission and objectives of the company. Assume the business...
-
Cost of utilities Cost per month (In dollars) $20,000 4. The cost of utilities depends on how many wards the hospital needs to use during a particular month. During months with activity under 2,000...
Study smarter with the SolutionInn App