Make journal entries to record the events

Assignment Help Accounting Basics
Reference no: EM132620732

Question - On October 15, 2021, a 5% stock dividend was declared and distributed. The fair value of the common stock on this date was $32 per share. Fractional share rights represented 100,000 shares. Cash was paid in lieu of issuing fractional share rights. On the date of declaration and payment, the company had 10 million shares of common stock outstanding. The par of the common shares was $5 per share.

Required - Make journal entries to record the above events.

Reference no: EM132620732

Questions Cloud

What land should be recorded in the accounts of partnership : What land should be recorded in the accounts of the partnership at? P500,000 even though Gaztambide insisted that he "wouldn't take P900,000 for it."
What might be some density dependent factors : Consider the habitat for the Georgia Pigtoe. a. What might be some density dependent factors?
Biometrics is invasion of privacy : Many people believe that the use of biometrics is an invasion of privacy. For example, an eye scanning device records the inner structure of a person's eye
Explain cultural considerations that counselor account for : In a Word document, provide short answers to the statements below. Refer to the "Cultural Considerations Resource" for help in completing this assignment.
Make journal entries to record the events : On October 15, 2021, a 5% stock dividend was declared and distributed. Make journal entries to record the above events
What is means for a species to be a keystone species : Discuss what is means for a species to be a keystone species, and give an example.
Is the georgia pigtoe in an extinction vortex : Is the Georgia Pigtoe in an extinction vortex? Explain.
Comparison with mediterranean diet in the sun cohort : Does the MIND diet decrease depression risk? A comparison with Mediterranean diet in the SUN cohort.
How culturally competent counselor approach processes : How should a culturally competent counselor approach the processes of assessment and diagnosis when dealing with clients from minority populations?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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