Prepare a memorandum entry in the general journal

Assignment Help Accounting Basics
Reference no: EM132723252

Problem - Goldstein Company has 100,000 shares of $10 par common stock outstanding. On July 1, the board of directors declared a two-for-one stock split. Prepare a memorandum entry in the general journal indicating the new par value and the total number of outstanding shares of common stock.

Reference no: EM132723252

Questions Cloud

Community that would justify need for survey : Identify a scenario in a given community that would justify need for a survey.
Prepare journal entries for the declaration and distribution : Assume Kaufman Company declared a stock dividend of 30% rather than 10%. Prepare journal entries for the declaration and distribution
What is jill gross pay assuming overtime at time-and-half : What is Jill's Gross pay, assuming overtime is at time-and-a-half? Jill Foster worked for 55 hours in one week for Delta Airlines. Jill earns RO 12 per hour
Healthcare technology : What are the benefits and negative consequences of using web-based information for health and wellness education, medical diagnoses, and treatment?
Prepare a memorandum entry in the general journal : Prepare a memorandum entry in the general journal indicating the new par value and the total number of outstanding shares of common stock
Utilization and efficiency of the repair shop : What are the utilization and efficiency of the repair shop? Show your answer
What was the price inclusive of tax : sales tax on the goods is 10% and the retailer sells it to the consumer at the printed price, then find the VATs paid by the wholesaler and the retailer.
Prepare a statement of retained earnings for the year ended : Retained earnings, January 1 $60,000. Prepare a statement of retained earnings for the year ended December 31, 20--
How much does ahmed paid as vat : The VAT is 20%. How much does Ahmed paid as VAT? How much does the wholesaler pay as VAT? & how much does the government received as VAT?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How is edi more than technology

Discuss the key segregation of duties related to computer programs that process accounting transactions. How is EDI more than technology?

  Find d and write a sentence of interpretation

In hundreds of studies with many thousands of participants, first-born children scored better than second-born children on tests of cognitive ability.

  Yang corporation wholesales repair products to equipment

yang corporation wholesales repair products to equipment manufacturers. on may 1 2014 yang corporation issued 20000000

  Lancer charges manufacturing overhead to products by using

lancer charges manufacturing overhead to products by using a predetermined application rate computed on the basis of

  Discuss the amount is recorded as revenue

company sublets warehouse space to for $900 a year to DEF, which pays in full upon signing and the amount is recorded as revenue

  Devise a better allocation system based on pooling costs

Devise a better allocation system based on pooling costs. Show how the costs would be allocated based on your new system.

  Aftertax cost of ying debt

Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. If the corporate tax rate is 30 percent, what is the aftertax cost of Ying's debt? (Do not round your intermedi..

  What is maximum amount of qualified expenses john can use

John's earned income is 60,000. What is the maximum amount of qualified expenses John can use to figure the child and dependent care credit?

  What is osadnick inc price or earnings ratio

Information concerning O'Sadnick, Inc., on December 31, 2009, is as follows: Book value per share $24.00. What is O'Sadnick, Inc.'s price/earnings ratio

  What would be the revised net operating income

Whirly Corporation's contribution format income statement, What would be the revised net operating income per month if the sales volume increases by 50 units

  What is Marsha basis in the land received

Marsha exchanged land in Florida with an FMV of $52,700 and an adjusted basis of $60,000 for land. What is Marsha basis in the land received

  Which of the statements is false for allan and baker

Allan & Baker are equal partners in AB Partnership which earns virtually all of its income from the sale of inventory. Which of the statements is FALSE?

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