Prepare the necessary journal entries

Assignment Help Accounting Basics
Reference no: EM132976051

Problem - The common stock of Blue Inc. is currently selling at $114 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $71 per share. 9.60 million shares are issued and outstanding- Prepare the necessary journal entries assuming the following.

(a) The board votes a 2-for-1 stock split.

(b) The board votes a 100% stock dividend.

Reference no: EM132976051

Questions Cloud

Current trend in project management : A current trend in marketing might be the use of social media influencers. A current trend in project management could be Agile frameworks.
What are the tradeoffs of normalization of data : Data can be stored in one table instead of multiple tables. This would allow us to avoid complicated JOIN queries. For this discussion, respond to the following
What are the benefits and drawbacks of styles : What are the similarities and differences among charismatic, inspirational, and transformational leadership?
Why are the world wide web and internet have so much concern : Why are the world wide web and internet have so much concern for the security? Explain the mitigation methods to control the employee threats?
Prepare the necessary journal entries : The per share par value is $10; book value is $71 per share. 9.60 million shares are issued and outstanding- Prepare the necessary journal entries
Impact of computers-technology in the workplace : List and describe 1 workplace issue and list and describe 2 impacts related to the chose workplace issue as impact of computers & technology in the workplace.
Is the topic attainable for first-time dissertation student : Is there a theoretical model or framework discussed? Discuss the topic, the problem the model has been used in the research, and any present findings.
Determine the value of the bond to? you : Question - (Bond valuation)? Fingen's 12?-year, ?$1, 000 par value bonds pay 8 percent interest annually. Determine the value of the bond to? you
Making a strategic research plan for netflix : Making A Strategic Research Plan for Netflix in several statements.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Define group auditors and component auditors

Define group auditors and component auditors. What issues are introduced when component auditors examine a division, subsidiary.

  Determine the gross profit

Problem - The following data were taken from the accounts of Fluter Hardware, a small retail business. Determine the gross profit

  Corporation report as inventory

What amount should Mateo Corporation report as inventory in its December 31, 2011, balance sheet?

  Result of the current distribution

The partners' relative interests in the Sec. 751 assets do not change as a result of the current distribution. Carlos's basis in the building is:

  Ordering and receiving mixing and testing the company

a company incurs 1350000 of overhead each year in three departments ordering and receiving mixing and testing. the

  Statement of cash flows relate to the balance sheet

In what ways does the statement of cash flows relate to the balance sheet and income statement? Discuss how the statement of cash flows is utilized by investors. If you were an investor reviewing a statement of cash flows, what section might intere..

  Prepare all entries that would be made relative to sales

Culver Company includes 1 coupon in each box of soap powder that it packs, Prepare all entries that would be made relative to sales of soap powder

  Prepare the consolidation worksheet entries to recognize

Prepare the consolidation worksheet entries to recognize the effects of the intra-entity bonds at each of the following dates. (If no entry is required)

  Prepare an unadjusted trial balance uisng given data

The final project will provide you the opportunity to apply the skills covered in this course through the completion of the accounting cycle.

  How much goodwill should Parma recognize from acquisition

If there is less than 50 percent chance that subsidiary will be able to utilize the NOL carryforward, how much goodwill should Parma recognize from acquisition

  Keep unemployment and inflation low

Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. It is important to have the right mix of policies and that..

  Determining the optimal product mix with one constrained

determining the optimal product mix with one constrained resource.comfy fit company manufactures two types of

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