Question: IF THERE IS NO ANSWER, YOU MUST WRITE NONE. 1. FOR HOW MUCH WILL YOU CREDIT PAIDIN CAPITAL IF YOU DECLARE A 4% STOCK DIVIDEND.
IF THERE IS NO ANSWER, YOU MUST WRITE NONE. 1. FOR HOW MUCH WILL YOU CREDIT PAIDIN CAPITAL IF YOU DECLARE A 4% STOCK DIVIDEND. THERE ARE 300,000 OUTSTANDING COMMON SHARES. PAR VALUE IS $2/SHARE AND SELLING PRICE IS $100/SH. 2. FOR HOW MUCH WILL YOU DEBIT LAND FOR IF LAND'S ASKING PRICE IS $510,000, LAND'S SELLING PRICE IS $490,000 AND YOU ISSUED 5,000 SHARES OF COMMON STOCKS IN EXCHANGE FOR THE LAND. STOCK SELLING PRICE IS $2/SHARE AND SELLING PRICE IS $100/SH. 3. WHAT ACCOUNT DO YOU DEBIT WHEN YOU PAY A CASH DIVIDEND? 4. FOR HOW MUCH SHOULD YOU CREDIT TREASURY STOCK FOR IF YOU SOLD YOUR TREASURY STOCK FOR $3,000 THAT YOU ORIGINALLY PURCHASED FOR $2,900? 5. WHAT ACCOUNT DO YOU DEBIT FOR THE COSTS RELATED TO INCORPORATING YOUR BUSINESS
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