Reference no: EM132535038
Question - Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: Common stock (380,000 shares authorized ; 8,000 shares issued), $125 par, $1,000,000; Paid-In Capital in excess of par-common stock, $200,000; and Retained earnings, $10,000,000. The board of directors declared a 1% stock dividend when the market price of the stock was $161 a share. Healthy Life reported no income or loss for the current year.
If no entry is required, select "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
Required -
a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.
a2. Journalize the entry to record the issuance of the stock certificates.
b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity.
c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity.
|
What is the expected price of the stock
: RRT Inc.'s preferred stock pays $12 per share, its beta is 1.2. If the risk-free rate is .04 and the market risk premium is .08,
|
|
What is the project mirr
: AQD Inc. is considering a project that has the following cash flows. What is the project's MIRR?
|
|
What is shoop risk adjusted wacc for a business loan
: Business loan above average risk, a car loan average risk, and a new ATM machine below average risk, what is Shoop's risk adjusted WACC for a business loan?
|
|
Identify emergent global theme and excluding terrorism
: Identify an emergent global theme, excluding terrorism, which poses as a global security issue.
|
|
Journalize the entry to record declaration of dividend
: Paid-In Capital in excess of par-common stock, $200,000; Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market
|
|
What is the component cost of amiante debt
: The bonds will mature in 20 years at which time they will have a face value of $1,000. What is the component cost of Amiante's debt?
|
|
What is sarapo component cost of debt
: Sarapo Inc's are trading at their par value of $1,000 and pay interest 1 times a year. If each interest payment is 12 what is Sarapo's component cost of debt?
|
|
Journalize the entries required on August
: Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank
|
|
What role does public administration process
: What role does the public administration process play in policy execution and policy formation?
|