Entries for stock dividends and stock splits

Assignment Help Accounting Basics

Reference no: EM1356959

The stockholder's equity accounts of Lawrence Company have the folowing balance on December 31, 2010. Common stock, $10 par, 274,000 shares issued and outstanding $2,740,000, Paid-in capital in excess of par $1,200,000, Retained Earnings $5,600,000. Shares of Lawrence Company stock are currently selling on the Midwest Stock Exchange at $42. Journal entries for A. A stock divdend of 5% is declared and issued. b. a stock divdend of 100% is declared and issued. C. How much of a reduction in retained earning results when a 3-for-1 stock split is declared and issued.

Reference no: EM1356959

Questions Cloud

Create application program to declare two circles : Create an application program that declares two circles set radius of one manually but allow the other to use default value supplied by constructor then display each circles values.

True or false question based on investment plan : Senior management of Baldwin meets to estimate their investment plan for the year. They decide to fully fund a plant and machine buy through issuing 50,000 shares of stock plus a new bond issue.

What monopoly sells its goods in two different markets : Assume the monopoly sells its goods in two different markets esparated by some distance. The demand curve in the first market is given by Q1=55-P1,and demand curve in second market is given by Q2=70-2P2.

Bibliotherapy as a therapeutic intervention : I am doing a paper on Bibliotherapy and how literature can be used to enhance therapy?

Entries for stock dividends and stock splits : The stockholder's equity accounts of Lawrence Company have the folowing balance on December 31, 2010. Common stock, $10 par, 274,000 shares issued and outstanding $2,740,000, Paid-in capital in excess of par $1,200,000, Retained Earnings $5,600,00..

What is the magnetic field in that region of space : A certain protein molecule is hydrolyzed by an enzyme. How would you define this statement in your own words to someone who is not familiar with chemical terminology.

Analyzing and journalizing payroll transactions : Kelsey Gunn is the only employee of Arsenault Company. His pay rate is $23.00 per hour with an overtime rate of 1 and 1/2 times for hours over 40 in a work week.

Illustrate what is the most effective process of decreasing : Illustrate what is the most effective process of decreasing the quantity of drugs consumed and decreasing the amount of drug-related crime.

Journal entry of exchange of equipment : Equipment that cost $80,000 and has accumulated depreciation of $63,000 is exchanged for similar equipment with a fair value of $35,000 and $15,000 cash is received. The exchange lacked commercial substance.

User Account

All Pages