User Account

All Pages

Develop the Stockholders Equity category of balance sheet

Assignment Help Accounting Basics
Reference no: EM132698360

Question - Stock Dividends and Stock Splits

Whitacre Company's Stockholders' Equity section of the balance sheet on December 31, 2016, was as follows:

Common stock, $10 par value, 60,000 shares $600,000 issued and outstanding

Additional paid-in capital 480,000

Retained earnings 1,240,000

Total stockholders' equity $2,320,000

On May 1, 2017, Whitacre declared and issued a 15% stock dividend, when the stock was selling for $20 per share. Then on November 1, it declared and issued a 2-for-1 stock split.

Required outstanding shares at year-end- *138,000 par value per share - $5

Required - Develop the Stockholders' Equity category of Whitacre's balance sheet as of December 31, 2017.

Reference no: EM132698360

Questions Cloud

Extend the analogy to least two other federal programs : Extend the analogy to least two other federal programs where critics have maintained that few, if any, work.
What role should be played by both client and agency : What role should be played by both client (HR) and agency (Roche) in the creative development process. Client agency responsibilities, the creative brief.
Identify some of the market segments harry rosen think : Identify some of the market segments Harry Rosen may think of pursuing in their marketing communication strategy. Create a target market profile
Applying concepts of human motivation theory : Dana Ericson, the head of HR for Shady Palms, Inc., was amused by the conversation drifting over the planter that separated the two booths in the employee cafet
Develop the Stockholders Equity category of balance sheet : Stock Dividends and Stock Splits - Develop the Stockholders' Equity category of Whitacre's balance sheet as of December 31, 2017
What functions do intermediaries provide : What functions do intermediaries provide? What are the three basic objectives of supply chain? How do companies manage the efficiency in the supply chain?
Why should people admit their mistakes : Why should people admit their mistakes? What learning occurs through mistakes?
How supply chain ensures healthy lives and promote wellbeing : How supply chain can contribute towards ensuring the sustainable consumption and production pattern and How supply chain can contribute towards the zero hunger
Describe each ad in terms of target market : In your analysis, describe each ad in terms of its target market, type of segmentation used and positioning strategy and is the ad effective?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Why are accounting rules differ from country to country

Why are accounting rules differ from country to country? Explain in detail one of the factors that shape the development of accounting in a country

  Mckerchie inc manufactures industrial components one of its

mckerchie inc. manufactures industrial components. one of its products used in the construction of industrial air

  How does the gross estate differ from a probate estate what

how does the gross estate differ from a probate estate? what determines whether an item passes to heirs outside the

  A variable cost

textbooks and in practice and has always been considered a variable cost at TufStuff. After all, direct means you can directly trace the cost to products.If direct labor is not a variable cost, what is?

  Compute present value of the bids

Compute present value of the bids. You may assume that the cost of capital is 9%, that the annual maintenance expenditures are incurred

  Abco bread sells a box of bagels with a contribution margin

abco bread sells a box of bagels with a contribution margin of 62.5. its fixed costs are 150000 per year. how much

  Prepare a retained earnings statement for the year

On January 1, 2006, Walter Corporation had Retained Earnings of $378,000. During the year, Walter had the following selected transactions: Prepare a retained earnings statement for the year.

  What amount of sales must be eliminated from consolidated

Parent Corporation owns 90 percent of Subsidiary, What amount of sales must be eliminated from the consolidated income statement for 20X8?

  How envision the testing process

Discuss how you envision the testing process. This is a first pass at selecting the proper accounting and HR system for the company.

  What is Target fiscal year-end

Target Corporation prepares its financial statement according to U.S. GAAP. What is Target's fiscal year-end? Why do you think Target chose that year-end

  Explain the two fundamental equality requirements of

what are the two fundamental equality requirements of the double-entry accounting system? define debit and credit and

  How much did the firm pay out in dividends

Their retained earnings account grew from $800,000 at the beginning of the year to $950,000 by year end. How much did the firm pay out in dividends

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd