Question: Journalize 1&2 and complete 3&4 Font Pragraph Question 1 Share Dividend Quality Foods Lild has 12,000 common shares outstanding. Qualily Foods distribules a 20 percent

Journalize 1&2 and complete 3&4

Font Pragraph Question 1 Share Dividend Quality Foods Lild has 12,000 common shares outstanding. Qualily Foods distribules a 20 percent stock dividend The market value of its shares is $2000 per share Jounalize the folloning 1. Declaration of the share dividend on September 30, 2016 2. Distribution of the share dividend on October 31, 2016 Date Account Titles and Explanations PR Debit Credit 3 What is the overall effect of the stock dividend on Quality Foods total assets? 4 What is the overall effect of the stock dividend on Quality Foods total shareholder's equity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Hi I was wondering If someone can check my ratios. I had to do the ratios for two companies for years 2015 and 2014. Can you please check them for me and let me know if there is anything wrong and...

Is there any way someone can help me with writing a report and write it for me by answering the flowing questions: You should prepare report with those objectives in mindhow well does the published...

QUESTION: PLEASE DO 1 2 AND 3 CHAPTER 12 1. What information is contained in the Statement of Cash Flows (SCF) that can help investors, creditors, and others? 2. Which activities are included in the...

Question: What benchmarks (such as industry averages and S&P 500 averages etc.) did you use to evaluate the ratios for your company? How were they helpful? Long-term liabilities? technical resources,...

I need help understanding this project... Submit the Ratio Analysis portion of the final project. For this milestone, you will be analyzing the financial performance of Starbucks using the financial...

please complete 1 2 and 3(there is no additional information) thanks CHAPTER 9 1. What liabilities does the company list as current liabilities? 2. Does the company report any accounts payable in its...

K (Preparing common-size financial statements) As the newest hire to the financial analysis group at Patterson Printing Company, you have been asked to perform a basis financial analysis of the...

I am having trouble with the 2015 and 2016 statements balancing on the FSAP. Could you take a look at it and tell what is wrong and correct it? Financial Statement Analysis Package (FSAP) A Comment...

technical resources, enables us to rapidly bring highly-valued customized solutions to our customers. History Modine was incorporated under the laws of the State of Wisconsin on June 23, 1916 by its...

I need this done using your own work. I need to see how you got the answers and try to show work s we look back on 2014, we are pleased with our accomplishments. We continued to focus for many...

A study of the atmospheric pollution on the slopes of the Blue Ridge Mountains (in Tennessee) was conducted. The file LEADMOSS contains the levels of lead found in 70 fern moss specimens (in...

Write a query to display the vendor ID, vendor name, brand name, and number of products of each brand supplied by each vendor. Sort the output by vendor name and then by brandname. VEND D BRAND NAME...

3. The slope of the indifference curve for goods X and Y is called the marginal a. product rate. b. rate of transformation. c. rate of substitution. d. rate of utility.

What three attributes of a company s message do consumers say influence brand perception?

=+With different benefits? Can you inspire user-generated content and:

=+will appear. Make sure it's portable. Ask yourself:

=+What other ideas could you use? Did you consider an alternative message: