On January 1, 2020, Crane Corporation had $1,355,000 of common stock outstanding that was issued at par. It also had retained earnings of $746,000. The company issued 36,500 shares of common stock at par on July 1 and earned net income of $410,000 for the year.
Journalize the declaration of a 15% stock dividend on December 10, 2017, for the following independent assumptions.
(a) Par value is $10, and market price is $18.
(b) Par value is $5, and market price is $20.
No. Account Title & Explanation Debit Credit
A) Stock Dividends
Common Stock Dividends Distributable
Paid-In Capital in Excess of Par-Common Stock
B) Stock Dividends
Common Stock Dividends Distributable
Paid-In Capital in Excess of Par-Common Stock
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 05:30, adazeb2003
Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.
Answers: 1
Business, 22.06.2019 07:50, kristinaholahan
Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.
Answers: 2
Business, 22.06.2019 11:40, berlyntyler
Select the correct answer brian wants to add a chart to his dtp project. what is the best way he can do this? a draw the chart using the dtp program draw option b create the chart in a spreadsheet then import it c. use the dtp chart wizard to create the chart within the dtp d. create an image of the chart in an image editor then import the image e use html code to create a chart within the dtp program
Answers: 3
Business, 22.06.2019 19:00, eraines1714
Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.
Answers: 2
You know the right answer?
On January 1, 2020, Crane Corporation had $1,355,000 of common stock outstanding that was issued at...
Questions in other subjects:
Mathematics, 20.05.2021 19:30
Mathematics, 20.05.2021 19:30
