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Tthe stockholders' equity section of Ennis Company consists of common stock $300,000 and retained earnings $900,000. Ennis is considering the following two courses of action: (1) declaring and distributing a 5% stock dividend on the 30,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share. Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share. Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Common stock $ $ $ In excess of par Total paid-in capital Retained earnings Total stockholders' equity $ $ $ Outstanding shares Par value per share $ $ $
prepare a one to two page 700-1000 words summary to the following questionsexplain the differences between common and
Nottingham Corporation had accounts receivable of $100,000 on January 1st The only transactions affecting accounts receivable were sales of $900,000 and cash collections of $850,000. What is the accounts receivable turnover?
what is the amount of the charitable contribution carry foward for sheila jones?
What amount of Bad Debt Expense would the company record as an end-of-period adjustment?
corporations p s and c are members of a parent-subsidiary controlled group filing a consolidated tax return.
tom earns 15 per hour for up to 40 hours of work each week. he is paid 30 per hour for every hour in excess of 40. tom
Formulate your own opinion on the proper treatment for the $5,000,000 commercial paper based on your reading in the text. Explain how you think the item should be reported and give text pages to support your conclusions.
Hobson acquires 40% of the outstanding voting stock of Stokes Company on January 1, 2008,for $210,000 in cash. The book value of Stokes' net assets on the date was $400,000, although one company's buildings, with a $60,000 carrying value, was actu..
On January 1, 2011, Tonge Industries had outstanding 450,000 common shares (par $1) that originally sold for $20 per share, and 4,000 shares of 10% cumulative preferred stock (par $100), convertible into 40,000 common shares.
Suppose that Noven had $49,000 in an inventory of transdermal estrogen delivery patches. These patches are from an initial production run, and will be sold during the coming year.
You own a restaurant and just negotiated a decrease in the cost of steaks by25 cents a steak. You normally sell 300,000 steak dinners ayear. Your business pays an average of 30 percent in income taxes. What is the annual tax cost of this increase ..
What is the projected ending retained earning balance of march 31, 2012, assuming that 2010 was their worst year of business?
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