User Account

All Pages

Make the journal entry to record the declaration

Assignment Help Accounting Basics
Reference no: EM132605089

Question - A company reported the following amounts on its balance sheet at January 1, 2009.

Common Stock, $10 par $25,500

APIC - Common stock 75,200

Retained Earnings 93,000

On November 5, 2009, the company declared and distributed a 6% stock dividend on common stock when the stock was selling at $23 per share. Make the journal entry to record the declaration and immediate distribution of stock?

Reference no: EM132605089

Questions Cloud

How envision the testing process : Discuss how you envision the testing process. This is a first pass at selecting the proper accounting and HR system for the company.
How do think will change the accounting profession : Given the current trends in accounting, examine current issues facing accountants and the accounting profession in the coming years and describe their impact
How much over or under applied overhead did the osaka have : How much over or under applied overhead did the Osaka facility have for the month of December? Your answer should include both an amount and a direction
What will make an accountant successful in the future : The oldest of the Millennials will turn 40 in 2020. How do you think the Millennials will ultimately impact accounting and the accounting profession?
Make the journal entry to record the declaration : Question - A company reported the following amounts on its balance sheet at January 1, 2009. Make the journal entry to record the declaration
How long will it take to pay off the loan : A house costs $138,000.It is to be paid off with monthly payments of $1,675 and a APR of 8% quarterly compounded.
Determine the original cost of the machine : On January 1, 2007 MacGregor, Inc. purchased a new machine - Determine the original cost of the machine and the correct journal entry
Important for the economic growth : How development of capital market is important for the economic growth?
What will your lease payments be for a 36-month lease : You are thinking about leasing a car.The purchase price of the car is $30,000.The residual value (the amount you could pay to keep

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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