Question: I think i messed up posting the title but i need assistance on this question. Ive got some right but a lot wrong. On January
I think i messed up posting the title but i need assistance on this question. Ive got some right but a lot wrong.


On January 1, 2015, Primo Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 84,900 shares issued and outstanding) $849,000 Paid-in Capital in Excess of Par Value-Common Stock 208,300 Retained Earnings 581,300 During the year, the following transactions occurred. Jan. 15 Declared a $1.00 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 5% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $15 per share. May 15 Issued the shares for the stock dividend. July 1 Announced a 2-for-1 stock split. The market price per share prior to the announcement was $15. (The new par value is $5.) Dec. 1 Declared a $0.70 per share cash dividend to stockholders of record on December 15, payable January 10, 2016. Dec. 31 Determined that net income for the year was $270,900
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