What journal entry, if any, would the parent company make to record the receipt of a stock
Question:
What journal entry, if any, would the parent company make to record the receipt of a stock dividend?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Parent companies normally do not make a formal journal entry to record the re...View the full answer
Answered By
WAHIDUL HAQUE
hello,
I'm a professional academic solution provider working as a freelance academic solution provider since 7 years. I have completed numerous projects. Help lots of students to get good marks in their exams and quizzes. I can provide any type of academic help to your homework, classwork etc, if you are a student of Accounting, Finance, Economics, Statistics. I believe in satisfying client by my work quality, rather than making one-time profit. I charge reasonable so that we make good long term relationship. why will you choose me? i am an extremely passionate, boldly honest, ethically driven and pro-active contractor that holds each of my clients in high regards throughout all my business relations. in addition, I'll always make sure that I'm giving my 100% better in every work that will be entrusted to me to be able to produce an outcome that will meet my client's standards. so if you are a student that is now reading my profile and considering me for your academic help. please feel free to look through my working history, feedback and contact me if you see or read something that interests you. I appreciate your time and consideration.
regards
4.90+
233+ Reviews
368+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
What is the effect of a stock dividend or a stock split on book value per share?
-
How big of a stock dividend would a firm have to announce for the stock price to be affected as much as it would through a 3-for-1 stock split?
-
How does an investor record the receipt of a cash dividend on an investment accounted for by the fair-value method? How does this investor record receipt of a stock dividend?
-
Describe what is meant by the supply chain. (1marks) 2. Using examples from the case study, analyse how Nestle's Creating Shared Value contributes to its corporate social responsibility activities....
-
1. Does Costco appear to follow the unity of command principle of organization? 2. Did the organizational change of buying the Price Club affect the chain of command by making it a flat organization?...
-
Propane gas at 1 bar and 35oC is compressed to a final state of 135 bar and 195oC. Estimate the molar volume of the propane in the final state and the enthalpy and entropy changes for the process. In...
-
Two positively charged particles 1 and 2 are moving in the same plane, with the velocity of particle 1 perpendicular to the velocity of particle 2. At the instant shown in Figure P28.9, particle 2 is...
-
The Crosby Company provides advertising services for clients across the nation. The Crosby Company is presently working on four projects, each for a different client. The Crosby Company accumulates...
-
1. 49 The value of n(n+n+1) is equal to (10a) [10a-3. The value of (a + ) is n=1 48 47 46 2 1 2. If + + + + + = (2)(3) (3)(4) (4)(5) (48)(49) (49)+(50) k is equal to 3. +++++ Then 4. 5. In a...
-
Arthur's small business has grown to the point where he plans to hire a full-time manager. Arthur, an architect, has little inclination and ab il ity to manage a medium-sized, fast-growing business...
-
Explain how the reciprocity calculation is modified in periods after the declaration of a stock dividend for firms using the cost method.
-
What effect does a stock dividend have on the consolidated statements workpaper in the year of declaration? In subsequent periods?
-
A mechanism by which an issuer may be able to offer additional bonds to the general public without preparing a new and separate offering circular best describes: A. The grey market. B. A shelf...
-
53. Charle, a seller's agent, sells her client's home for $425,000. Her commission is 6.5%. Charle's total commission is: $267,250 $42,500 $2,762.50 O $27,625 Save and continue Revise question later
-
The right of a water company to lay and maintain water mains along a designated line in the rear of a lot would be called an encroachment. A. B. D easement in gross. accretion right. appurtenance.
-
Question 16 of 20. Melissa sold her rental home to an unrelated party. She had prior-year unallowed losses of $12,000. Her current-year loss is $2,500. She has taxable income on her Form W-2 of...
-
Question 6 Select the appropriate response Why are dividends from a mutual insurer not subject to taxation? Because insurance premiums are tax-deductible Because dividends are already subject to...
-
Vegan Specialty Foods, a grocery merchandiser, purchased goods and paid transportation to bring them to the company warehouse. The transportation cost is known as a. selling expense O b. cost of...
-
Describe a standard roller chain, no. 140.
-
Aztec Furnishings makes hand-crafted furniture for sale in its retail stores. The furniture maker has recently installed a new assembly process, including a new sander and polisher. With this new...
-
Mary T. Lincoln works for the City of Columbus. She volunteered to work over the 2010 Christmas break to earn a short vacation during the first week of January 2011. She earns three vacation days and...
-
On January 1, 2010, a rich citizen of the Town of Ristoni donates a painting valued at $300,000 to be displayed to the public in a government building. Although this painting meets the three criteria...
-
On January 1, 2010, a city pays $60,000 for a work of art to display in the local library. The city will take appropriate measures to protect and preserve the piece. However, if the work is ever...
-
During Year 3, Jordan Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of $100 par, 10 percent preferred...
-
XYZ is a company based in Pune that offers financial courses to students. It has a system which has trading screens so people can learn using live markets. Its system and financial courses will be...
-
what ways do supranational organizations such as the World Trade Organization (WTO) shape and regulate the global economic landscape, and what are the implications for national sovereignty?
Study smarter with the SolutionInn App