Zorro Company declared and issued a 10% stock dividend on June 1, 2010. Before this dividend was declared and issued, there were 220,000 shares of $0.10 par common stock outstanding. After the stock dividend, how many shares are outstanding? What is the par value of each share?
Answer to relevant QuestionsRomax Company announced a 2-for-1 stock split on its common stock. Before the announcement, there were 200,000 shares of $1 par common stock outstanding. Determine how many shares of common stock will be outstanding after ...Nugget Corporation issues 300 shares of its $1 par value common stock at $3.50 per share. Show how this transaction would be recorded in the accounting equation.On January 1, 2010, Harrison Corporation started the year with a $422,000 balance in retained earnings. During 2010, the company earned net income of $130,000 and declared and paid dividends of $20,000. Also, the company ...Use the data from E8-30A to prepare the shareholders’ equity section of the balance sheet at March 31. Retained earnings at month end are $75,000.In E8-30A Surfing Dewd Corporation is authorized to issue both preferred and ...Show how each of the following transactions would be recorded in the accounting equation:August 1 Issued 75,000 shares of $0.05 par value common stock for cash of $750,000November 1 Issued 2,500 shares of $100 par value ...
Post your question