Lemke Corporation has 28,000 shares of stock outstanding. Lemke Corporation declares a common stock dividend when...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Lemke Corporation has 28,000 shares of stock outstanding. Lemke Corporation declares a common stock dividend when the market price of its $2 par value common stock was $21 per share. What is the related journal entry if they declare a 200% stock dividend? Account Debit Credit Score 0/0.67 0/0.67 Lemke Corporation has 28,000 shares of stock outstanding. Lemke Corporation declares a common stock dividend when the market price of its $2 par value common stock was $21 per share. What is the related journal entry if they declare a 200% stock dividend? Account Debit Credit Score 0/0.67 0/0.67
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Annapolis Company purchased a $2,000, 7%, 9-year bond at 99 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received...
-
The hazard rate of a device is h(t) = 1/ Vt. Find the following: %3D a) Probability density function b) Reliability function c) MTTF d) Variance
-
The shear shown is used to trim electronic-circuit-board laminates. Neglecting the thickness of the shearing blade and knowing that a vertical 3-kN shearing force at E is required to cut the...
-
As an employer, what would you do to minimize exposure to ADA claims?
-
Show that the log-likelihood in equation (12.2) has a maximum at \(\widehat{\mu}=\bar{y}\). n L() Inf(y,) = (-+y; In - In y;!). i=1 i=1 (12.2)
-
The contribution margin income statement of Krazy Kustard Donuts for March 2008 follows: Krazy: Kustard sells 2 dozen plain donuts for every dozen custard-filled donuts. A dozen plain donuts sells...
-
Ross Textiles wishes to measure its cost of common stock equity. The firms stock is currently selling for $57.50. The firm expects to pay a $3.40 dividend at the end of the year (2013). The dividends...
-
example of a multi class Java project that simulates a game show. Driver Class runs the project Participants class generates a string of a participant names Questions class Results class displays...
-
Find the formula, in standard form y = ax + bx + c, for a quadratic that has roots at x = 3 + 33 and 3-33, and has leading coefficient of 1. y =
-
Given some function f(x) = bx, find f(x2), where x, and x2 are value of x from the domain of f(x). f(x)'
-
Gomez is considering a $200,000 investment with the following net cash flows. Gomez requires a 15% return on its investments (PV of $1. EV of $1. PVA of $1. and EVA of $1) Note: Use appropriate...
-
Michael Jones invested $6,300 at 11% annual interest, and left the money invested without withdrawing any of the interest for 11 years. At the end of the 11 years, Michael withdrew the accumulated...
-
Find the largest open intervals where the function is concave upward. f(x) = 3 x+2
-
Richman Company purchased $ 9 0 0 , 0 0 0 of 9 % , 5 - year bonds from Carlin, Inc. on January 1 , 2 0 1 4 , with interest payable on July 1 and January 1 . The bonds sold for $ 9 3 6 , 4 9 9 at an...
-
Explain the audit risk model, and the components of audit risk. Which components are determined by the auditor, and which are based upon the auditors assessment of the client?
-
Calculate the electrical conductivity of a fiber-reinforced polyethylene part that is reinforced with 20 vol % of continuous, aligned nickel fibers.
-
Cookie Creations is gearing up the winter holiday season. Natalie has had a busy month of December. She needs to journalize and post the month's transactions and complete the accounting cycle,...
-
Justin Harris started a small merchandising business in 2006. The business experienced the following events during its first year of operation. Assume that Harris uses the perpetual inventory system....
-
The following information is available for two different types of businesses for the 2007 accounting period. Markin Consulting is a service business that provides consulting services to small...
Study smarter with the SolutionInn App