User Account

All Pages

On january 1 2014 wilkens corporation had 1200000 of common

Assignment Help Accounting Basics
Reference no: EM13584865

On January 1, 2014, Wilkens Corporation had $1,200,000 of common stock outstanding that was issued at par and retained earnings of $750,000. The company issued 30,000 shares of common stock at par on July 1 and earned net income of $400,000 for the year.

Instructions

Journalize the declaration of a 15% stock dividend on December 10, 2014, for the following two independent assumptions.

(a) Par value is $10 and market price is $15.
(b) Par value is $5 and market price is $8.

Reference no: EM13584865

Questions Cloud

Consider how an individual could manipulate reported : consider how an individual could manipulate reported earnings by misstating the ending works degrees of completion in
In a documented essay of 900 - 1200 words please address : in a documented essay of 900 - 1200 words please address the following issues in your own words how does the study of
How does a company effectively use budgets in the planning : how does a company effectively use budgets in the planning and control process? as it is preparing the budget what is
What does the bible say about caring for the sick how do : what does the bible say about caring for the sick? how do the roles of the various team members within the
On january 1 2014 wilkens corporation had 1200000 of common : on january 1 2014 wilkens corporation had 1200000 of common stock outstanding that was issued at par and retained
Three point charges are on the x axis q1 6 micro coulomb : three point charges are on the x axis q1 6 micro coulomb at x 0 q2 4 micro coulomb at x 2 m and q3 -1.5 micro
Determine which of the following statements contains the : determine which of the following statements contains the most useful information to help in your decision. explain what
What role do standard costs play in controlling the : what role do standard costs play in controlling the operations of a business? how are standard costs developed for
Sparkman co filed a bankruptcy petition and liquidated its : sparkman co. filed a bankruptcy petition and liquidated its noncash assets. sparkman was paying thirty cents on the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Comparison of speeds

A new computer is purchased that can do the same job in 5 days. How long would it take to do the job with both computers working on it?

  Explain the accounting method employed to commit the fraud

use the internet to research at least three 3 recent cases of fraud in the workplaceusing the internet searches above

  Selling the assets and paying the liabilities

After selling the assets and paying the liabilities, the partnership has cash of $92,000. How much cash will each partner receive in the final liquidation?

  Problem related to units of inventory

If there were 30,600 units of inventory on hand on December 31, 2007, how many units should be produced in January, 2008 in order for the company to meet its goals?

  Welnor industrial gas corporation supplies acetylene and

welnor industrial gas corporation supplies acetylene and other compressed gases to industry. data regarding the stores

  Analyze the challenges an organization faces to motivate

analyze the challenges an organization faces to motivate employees in todays economic and competitive environments.

  Universal solutions division residual income

In November, the Universal Solutions Division of Keaffaber Corporation had average operating assets of $480,000 and net operating income of $46,200. The company uses residual income, with a minimum required rate of return of 11%,

  If annual overhead costs are expected to be 800000 and

if annual overhead costs are expected to be 800000 and direct labor costs are expected to be 1000000 then if the

  Utilise your knowledge of international marketing

The purpose of this assignment is to provide an opportunity to utilise your knowledge of international marketing to undertake an analysis of the overseas market condition to develop a practicable marketing plan.

  Hadley inc makes a line of bathroom accessories because of

hadley inc. makes a line of bathroom accessories. because of a decline in sales the company has 10000 machine hours of

  Prepare schedules for 1 expected collections from customers

colter company prepares monthly cash budgets. relevant data from operating budgets for 2014

  For kozy company actual sales are 1311500 and break-even

for kozy company actual sales are 1311500 and break-even sales are 890500. compute the following a the margin of safety

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