User Account

All Pages

What amounts debited to stock dividends and credited to paid

Assignment Help Financial Accounting
Reference no: EM132814253

Problem 1: Crane, Inc. declares a 15% common stock dividend when it has 30400 shares of $10 par value common stock outstanding. If the market value of $22 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are:

Stock Dividends                   Paid-in Capital in Excess of Par

Option 1: $100320                                       $45600                   

Option 2: $100320                                         $54720

Option 3: $45600                                            $0

Option 4: $45600                                             $54720

Reference no: EM132814253

Questions Cloud

Examine an emerging or current issue in health care : Examine the influence of political, economic, and social factors and the impact of the U.S. health-care system on an emerging or current health care issue
What percentage of time is judy idle : Students arrive at the Administrative Services Office at an average of one every 6 minutes, and their requests take, on average, 4 minutes to be processed
Monitor managers decision-making : For Southwest Airlines, What internal governance mechanisms would you propose to monitor managers' decision-making?
Marketing mix in relation to the scope of the project : Marketing mix in relation to the scope of the project listed below. Detail must be provided on the existing product, price, place and promotion strategies
What amounts debited to stock dividends and credited to paid : If the market value of $22 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are
Journalize the April transaction recorded : Journalize the April 30 transaction recorded to update CSA's Cash Account. Include an explanation for each entry
Should gehr buy the new machine and why : Should Gehr buy the new machine and why? The Gehr Company is considering the purchase of a new machine tool to replace an obsolete one.
Determine What impact have on fiscal financial reporting : Determine What impact will this have on fiscal 2020 financial reporting? Assume that a purchase invoice for $1,000 was appropriately recorded in fiscal 2019
How often should a company prepare budget reports : How often should a company prepare budget reports? monthly to be sure the company is operating successfully. / as often as deemed necessary

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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