Compute the par value per share before stock dividend

Assignment Help Accounting Basics

Reference no: EM131266283

Problem -

On October 1, Little Bobby Corporation's stockholders' equity is as follows.

Common stock, $5 par value $400,000

Paid-in capital in excess of par- common stock 25,000

Retained earnings 155,000

Total stockholders' equity $580,000

(a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.

(b) Indicate the balances in three stockholders'' equity accounts after the stock dividend shares have been distributed.

On January 1, 2014, Eddy Corporation had retained earnings of $650,000. During the year, Eddy had the following selected transactions.

1. Declared cash dividends $120,000

2. Corrected overstatement of 2013 net income because of depreciation error $40,000.

3. Earned net income $350,000

4. Declared stock dividends $90,000.

Reference no: EM131266283

Questions Cloud

How performance appraisals can increase employee performance : Write a paper describing how effective performance appraisals can increase employee performance. This paper should include sections on the strategic advantages of performance appraisals.

What was your initial impression of the person : What was your initial impression of the person? What is their gender, age and economic status? What did you observe about how the person handles impression management? What did you observe about how social the person is?

How would the researcher determine sample size : If the researcher conducted a quantitative study, what sampling methods would be most effective to use to obtain a representative sample? How would the researcher determine sample size?

How can a code of ethics such as the be used to ensure : How can a Code of Ethics such as this be used to ensure that individual countries that every individual has a right to engage in tourism?

Compute the par value per share before stock dividend : On October 1, Little Bobby Corporation's stockholders' equity is as follows. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend

What search engine or database might you use and why : Describe what sort of search you would conduct to help you in responding to this student and why. What search engine(s) or database(s) might you use and why? What search terms? How would you go about evaluating the credibility of the information y..

Gives the examples of verbal and nonverbal communication : How do people communicate? Provide examples of verbal and nonverbal communication. How do you communicate nonverbally? In what way can knowledge of nonverbal communication help your communication with others?

Discuss the main features of fpgas : Discuss the main features of FPGAs which make their application efficient, compared to PLAs and classical approaches to the synthesis of logic networks.

Problem regarding the school-level data set : Use the data in BENEFITS.RAW to answer this question. It is a school-level data set at the K-5 level on average teacher salary and benefits. See Example 4.10 for background.

User Account

All Pages