User Account

All Pages

Prepare the journal entry for the issuance of this stock

Assignment Help Accounting Basics
Reference no: EM132568165

Question - University Food Systems Inc. has issued a 35 percent stock dividend. The company has 932,000 common shares authorized and 290,000 shares issued and outstanding. The common shares account had a balance of $3,480,000 on the date of declaration of the stock dividend, and the market value was $10 per share. Prepare the journal entry for the issuance of this stock dividend?

Reference no: EM132568165

Questions Cloud

What is the electric field in the conductor : If the magnitude of the drift velocity of free electrons in a copper wire is 6.48 * 10-4 m/s, what is the electric field in the conductor?
How many kilograms are there in mole of iron : Carry out the following steps to determine the drift speed of the conduction electrons in the wire if it carries a current of 14.0 A.
What must be the length and the diameter : Suppose you wish to fabricate a uniform wire from a mass m of a metal with density ?m and resistivity ?. If the wire
What is the current in the lightbulb : A lightbulb has a resistance of 155 O when operating with a potential difference of 190 V across it. What is the current in the lightbulb?
Prepare the journal entry for the issuance of this stock : University Food Systems Inc. has issued a 35 percent stock dividend. Prepare the journal entry for the issuance of this stock dividend
Negative electrode of an electrolytic cell : A teapot with a surface area of 675 cm2 is to be plated with silver. It is attached to the negative electrode of an electrolytic cell
Total charge passing a given point in the conductor : What is the total charge passing a given point in the conductor from t = 0 to t = 1/360 s?
What was her initial moment of inertia : A ballerina spins initially at 1.5 rev/s when her arms are extended. She then draws in her arms to her body and her moment of inertia becomes
Cannon is aimed across bottomless gorge : A cannon is aimed across Bottomless Gorge at an angle of 22.6o above the horizontal. The mouth of the cannon is 1.00 m above

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