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Question - Stock Dividends
Witt Corporation has 70,000 shares of $5 par value common stock outstanding. At year end, the company declares a four percent stock dividend. The market price of the stock on the declaration date is $21 per share. Four weeks later, the company issues the shares of stock to stockholders.
a. Prepare the journal entry for the declaration of the stock dividend.
b. Prepare the journal entry for the issuance of the stock dividend.
c. Assume that the company declared a 40 percent stock dividend rather than a four percent stock dividend. Prepare the journal entries for (1) the declaration of the stock dividend and (2) the issuance of the stock dividend.
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead costs to jobs.
complete a simulation and then write a paper that analyzes the decisions you made. you are in charge of fictitious
A Company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18% of sales, and its September 30 inventory is $25,000. If the December 31 inventory is targeted at $7,500, budgeted purchases for the fourth quarter..
If a flexible budget is prepared at a volume of 7,500, calculate the amount of operating income. The production level is within the relevant range
On January 1, 2013, Datalink Inc. issued $100,000, Prepare the journal entry to record the issuance of the bonds on January 1, 2013
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1.The December 31, 2013, adjusted trial balance for the Blueboy Cheese Corporation is presented below.
Management of Berndt Corporation has asked your help as an intern in preparing some key reports for August. The beginning balance in the raw materials inventory account was $33,000.
The Thomlin Company forecasts that total overhead for the current year will be $11,799,483 and that total machine hours will be 171,995 hours.
Bill Goggans died and left passive activity property to his nephew, Travis. Bill's basis in the activity was $30,000, while Travis' basis was stepped up to $50,000. Suspended losses amounted to $22,000. How much is the passive loss deduction that ..
jasper company has 30000 shares of 80 par value 5 cumulative preferred stock and 140000 shares of 20 par value common
Assume that Bellington paid cash of $2.8 million. Required: For Goodwill, determine what balance would be included in a December 1, 2010 consolidation
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