Stu corporation is authorized to issue 500000 shares of

Assignment Help Accounting Basics

Reference no: EM13579453

1. STU Corporation is authorized to issue 500,000 shares of $12.00 par value common stock. As of December 2012, STU's stockholders' equity accounts report the following balances:

Common stock, $12 par, 500,000 shares authorized, 53,000 shares issued and outstanding

Retained earnings 636,000
Total Stockholder equity 775,000

At the end of 2012, STU decided to issue a 15% stock dividend, when the market price of the stock was $14 per share.determine the dollar amount to be transferred from Retained Earnings to paid-in capital accounts as a result of the stock dividend.

Reference no: EM13579453

Questions Cloud

Which of inventory cost flow methods involves computations : which of inventory cost flow methods involves computations based on broad inventory pools of similar items?regular

Formulate the lp model for this problem make sure you put : purnina produces dog and cat food. each food is comprised of meat soybeans and fillers. the company earns a profit on

What are the principal objections to the use of the average : 1.what are the principal objections to the use of the average rate of return in evaluating capital investment

The grill had to be shut down for 3 hours reducing the : lucky and cody have decided to cater the 1st annual vet conference. this would give then a good chance to show their

Stu corporation is authorized to issue 500000 shares of : 1. stu corporation is authorized to issue 500000 shares of 12.00 par value common stock. as of december 2012 stus

The following balance sheet information was provided by : the following balance sheet information was provided by paino companyassets nbsp nbsp nbsp nbsp nbsp nbspnbsp 2012

Jason used two assets during 2013 the first was computer : jason used two assets during 2013. the first was computer equipment with an original basis of 18000 currently in the

Grosvenor industries has designated 12 million for capital : grosvenor industries has designated 1.2 million for capital investment expenditures during the upcoming year. its cost

In 2014 logan sold 1000 units at 500 each and earned net : 1 briscoe company sells it product for 60 per unit. during 2011 it produced 60000 units and sold 50000 units there are

User Account

All Pages