User Account

All Pages

Make journal entry to record stock dividend would include

Assignment Help Financial Accounting
Reference no: EM132792690

problem 1: Maggot Corp. declares and distributes a 3% stock dividend on its 10,000 outstanding shares (par value $6). The market price of the stock is $85 per share. The journal entry to record the stock dividend would include a:

Option 1: a credit to Stock Dividend for $25,500.

Option 2: debit to Additional Paid-In Capital, Common Stock for $25,500.

Option 3: debit to Additional Paid-In Capital, Common Stock for $23,700.

Option 4: credit to Common Stock for $1,800.

Reference no: EM132792690

Questions Cloud

Positive and negative the consequences of living : What are some of the positive and negative the consequences of living in homogeneous community?
What are some problems or hardships caused by inflation : Two of the biggest issues in macroeconomics are inflation and unemployment. Policymakers would like to keep both measures low. Often, however, there is a?trade.
What is cultural transmission of racism : What is cultural transmission of racism through globalization, and racial bias transmission via the mass media (Hale, 2014)
Explain the importance of leadership to a team : Explain the importance of leadership to a team. Explain leadership practices you incorporated into your leadership style.
Make journal entry to record stock dividend would include : Make journal entry to record the stock dividend would include a. Maggot Corp. declares and distributes a 3% stock dividend on its 10,000 outstanding shares
Distinguish between the short-run and the long-run : Distinguish between the short-run and the long-run in a macroeconomic analysis. Why is the relationship between unemployment and inflation different.
Without sacrificing ethical standards : What is the organization and how would you describe it? What would you change about the organization to make it better, without sacrificing ethical standards?
Explanation of human behavior influence : How much impact do you feel that recent changes in the American family system have had onthis institution's ability to effectively socialize children? Discuss
Find the cost of cellular phones : Syarikat Layar, Find the cost of cellular phones that would appear in each of the Work in process inventory accounts on September 30, 2020

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