User Account

All Pages

Journalize declaration and distribution of stock dividend

Assignment Help Accounting Basics
Reference no: EM133143294

Question - Self-Defense Schools, Inc. is authorized to issue 200,000 shares of $2 par common stock. The company issued 73,000 shares at $5 per share. When the market price of common stock was $7 per share, Self-Defense Schools declared and distributed a 14% stock dividend. Later, Self-Defense schools declared and paid a $0.70 per share cash dividend.

Required -

1. Journalize the declaration and the distribution of the stock dividend common stock $20,440.

2. Journalize the declaration and the payment of the cash dividend.

Reference no: EM133143294

Questions Cloud

Current technology-enhanced processes : Discuss how the current technology-enhanced processes has affected productivity in any business organisation.
Achievement of organizational goals in best manner : Strategic Human Resource management is the alignment of Human Resource operations (hiring, compensating, appraising and training) with goals of the organization
Key factor in the hem suotess formula : HSBC is a global firm with nearly 9,500 offices in 35 countries. In such a large international operation, why would tracking employee salaries and benefits be s
Identify four communication styles : Identify four communication styles. For each communication style, provide at least one example of a situation when each can be demonstrated in the workplace.
Journalize declaration and distribution of stock dividend : The company issued 73,000 shares at $5 per share. Journalize the declaration and the distribution of the stock dividend common stock $20,440
Explain common vision and goal : 1. How did the rolling stones got over their difficulties as a team.
Terminology-arizona definition of english learner : Explain Arizona's definition of an English learner. Explain each of the four principles of Arizona's Language Development Approach.
Ramifications of conflict of interest : What you do with this ethic code As trusted agents, engineers must adhere strictly to standards enforced by their ethics code, and as a part of that, must consi
Should you abandon the old shaft or complete it : Should you abandon the old shaft or complete it? Explain your decision by appropriately using benefit-cost analysis

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss about the general controls

Tests of Controls: General Controls. The audit team of Packer Company identified the following general controls in obtaining its overall understanding.

  Calculate the gain or loss on monetary items for the year

Calculate the gain or loss on monetary items for the year. Consumer Price Index. Accounts Receivable. Accounts Payable. Bank Overdraft

  What is Sunland net income using accrual accounting

Purchased airline tickets for $480 in December for a trip to take place in 2022. What is Sunland net income using accrual accounting

  Compute what is the annual yield of the investment

What is the annual yield (internal rate of return) of investment if the purchase price is $12 million today and the sale price 10 years later is $20 million?

  What is the amount of the credit for child

Tony earned a salary of $25,000 and Deb earned a salary of $80,000. What is the amount of the credit for child and dependent care expenses

  Explain when marketing research should be conducted

Explain when marketing research should be conducted. Describe how and why product warranties are important marketing tools

  What is the minimum acceptable selling price of material

What is the minimum acceptable selling price of material L to the company that could use material L in its own production process

  Coding theory case study

Explain the theory in your own words based on the case study and suggested readings. Include the following in your explanation:

  Calculate the discounted payback period

Calculate the Weighted Average Cost of Capital (WACC) for Art's Artichokes assuming that they will be utilizing retained earnings rather than any new common stock.

  What is gross margin

The figures are provided for Hanauma Marketing Corp. What is gross margin? Which approaches for bad debts is best described as a balance sheet method?

  How many widgets does the company need to sell

A company manufactures and sells widgets. How many widgets does the company need to sell each month to break even

  A process with no beginning work in process completed and

a process with no beginning work in process completed and transferred out 28000 units during a period and had 14000

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