Business, 24.04.2021 01:00 genesisdiaz2562

Dawls Corporation reported stockholders' equity on December 31 of the prior year as follows: Common stock, $5 par value, 1,000,000 shares
authorized 500,000 shares issued $2,500,000
Contributed capital In excess of par, common stock 1,000,000
Retained earnings 3,000,000

The following selected transactions occurred during the current year.

Feb. 15 The board of directors declared a 5% stock dividend to stockholders of record on March 1, payable March 20. The stock was selling for $8 per share.
March 9 Distributed the stock dividend.
May 1 A cash dividend of $.30 per share was declared by the board of directors to stockholders of record on May 20, payable June 1.
June 1 Paid the cash dividend.
Aug. 20 The board decided to split the stock 4-for-1, effective on September 1.
Sept. 1 Stock split 4-for-1.
Dec. 31 Earned a net income of $800,000 for the current year.

Required:
Prepare a statement of retained earnings as of December 31 of the current year.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 14:30, sarahabuadas7396

Do savings and loan associations offer checking accounts?

Answers: 1

continue

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

continue

Business, 22.06.2019 16:00, heavenwagner

In microeconomics, the point at which supply and demand meet is called the blank price

Answers: 3

continue

Business, 22.06.2019 17:30, samanthaepperson

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?

Answers: 1

continue

You know the right answer?

Dawls Corporation reported stockholders' equity on December 31 of the prior year as follows: Commo...