Prepare any necessary journal entry to record declaration

Reference no: EM132656698

Question - On October 15, 2018, a 6% stock dividend was declared and distributed. The fair value of the common stock on this date was $31.9 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 11.1 million shares of common stock outstanding. The par of the common shares was $5.

Required - Prepare any necessary journal entry to record declaration and distribution of stock dividend.

Reference no: EM132656698

Questions Cloud

Outline the main findings of mayo hawthrone research : Consider two different levels of Maslow's hierarchy. Explain how these could be satisfied at work.

Summarize the environmental issue : Summarize the environmental issue. What are its causes? What are the effects on the environment and people? Consider multiple perspectives and locations.

How is income determined under accrual-basis of accountig : Generally accepted accounting principles require the use of accruals and deferrals in the determination of income. How is income determined

How relate to diversity or cultural competence covered : Discuss what occurred in dialogue, including social work practice theories, and explain how might relate to diversity or cultural competence covered this week.

Prepare any necessary journal entry to record declaration : The par of the common shares was $5. Prepare any necessary journal entry to record declaration and distribution of stock dividend

Enforcing tighter security and ensuring business continuity : Web server auditing can go a long way in enforcing tighter security and ensuring business continuity.

Discuss the benefits of virtualization software : Discuss the benefits of virtualization software, as described in the text. Do you agree/disagree with these benefits,

Question - internal controls and risk : Question - Internal Controls and Risk - Describe the uncontrolled risks that result from these weaknesses. Identify internal control weaknesses in this system

Experienced working for both male and female supervisor : During the course of your employment you may have experienced working for both a male and female supervisor.

User Account

All Pages