User Account

All Pages

Journalize the entry to record the declaration of dividend

Assignment Help Financial Accounting
Reference no: EM132813061

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 (290,000 shares authorized ; 5,000 shares issued), $125 par, $625,000;

Paid-In Capital in excess of par-common stock, $65,000; and

Retained earnings, $6,250,000.

  • The board of directors declared a 2% stock dividend when the market price of the stock was $163 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.

Problem 1: Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.

Reference no: EM132813061

Questions Cloud

Conduct depth analysis of the process : Conduct an in-depth analysis of the process for making improvised or homemade bombs, identifying the materials required and processes used for their creation.
Barometric model of price leadership : (a) Why would regulators want to set the price for a monopoly at a Fair Return Price? How does it differ from the"regular" monopoly price?
How would each of the events affect the company : How would each of the events affect the company's financial statements of the current year? What is the net A/R at the end of the current year?
How each form of technology engages students : Description of how each form of technology engages students in collaboration with others in face-to-face or virtual environments.
Journalize the entry to record the declaration of dividend : Retained earnings, $6,250,000. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.
Law and procedural law in graham vs conner case : Compare and contrast substantive (outcome) law and procedural (procedure) law in the Graham vs Conner case.
What is the marginal product of the fifth worker : The table shown is for a hat factory, and shows the total production of hats given various numbers of employees. What is the marginal product of the fifth worke
How safe do you feel to use antivirus software : If the maker of antivirus software wants to be successful, the software has to be as close to bulletproof as the maker can possibly make it.
Which of the correctly notes the change in income : Extra Company has offered to purchase 3,000 IT-54s at $16 each. Which of the correctly notes the change in income if the special order is accepted?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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