User Account

All Pages

What the entry to record the transaction of march would

Assignment Help Financial Accounting
Reference no: EM132893618

Question 1: On January 1, Vaughn Corporation had 73000 shares of $10 par value common stock outstanding. On March 17, the company declared a 10% stock dividend to stockholders of record on March 20. Market value of the stock was $15 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include a

Option 1: debit to Stock Dividends for $36500.
Option 2: debit to Common Stock Dividends Distributable for $73000.
Option 3: credit to Paid-in Capital in Excess of Par for $36500.
Option 4: credit to Cash for $73000.

Reference no: EM132893618

Questions Cloud

Features of a registered retirement savings plan : Which of the following features of a Registered Retirement Savings Plan (RRSP) is not an advantage for the owner?
What coronado total paid-in capital was : What Coronado's total paid-in capital was? 9% preferred stock, $20 par value, cumulative, 15100 shares authorized; 10100 shares issued $202000
Evaluate new technology products-processes : To evaluate new technology products/processes in the market and how to ensure continuous improvement to sustain in the market
List the major risks associated with plan : List the major risks associated with your plan and the steps you propose to take to mitigate the risks.
What the entry to record the transaction of march would : Market value of the stock was $15 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include a
What the entry to record the transaction of june would : What the entry to record the transaction of June 17 would include a? Concord Corporation had 73000 shares of $10 par value common stock outstanding.
How do corporations treat start-up expenditures : How do corporations treat start-up expenditures? What is the maximum charitable contribution allowance for corporations
How much of dividend was distribute to preferred shareholder : In 2021, Coronado declared and paid dividends of $12000. How much of the 2021 dividend was distributed to preferred shareholders?
How much was the deferred tax asset at December : Equipment costing P 4,000,000 with estimated residual value of P 400,000 and estimated useful life of 8 years. How much was the deferred tax asset at December

Reviews

Write a Review

Financial Accounting Questions & Answers

  What amount should be disclosed separately in equity

Immediately after classification as held for sale of the disposal group, what amount should be disclosed separately in equity relating to non-current asset held

  Explain how to complete blocks on a commission-only paid

Commission employees who are paid by commission only. explain how to complete Blocks 6, 12, 15B and 15C on a commission-only paid employee's ROE.

  Calculate yield as quoted in the market

Calculate its yield as quoted in the market. Let's commercial paper is presently selling at a discount. It sells for 98.31 of par and matures in 120 days.

  Penn company assembles and sells computer

Penn Company assembles and sells computer boards in western Pennsylvania. In an effort to improve the planning and control of shipping expenses, management is trying to determine which of three variables

  What was the average receivables balance

Krackle Korn Inc. had credit sales of $3,500,000 last year, What was its average receivables balance, based on a 365-day year?

  Goldberg tire company manufactures racing tires for bicycles

Goldberg Tire Company manufactures racing tires for bicycles. Goldberg sells tires for $50 each. Goldberg is planning for the next year by developing a master budget by quarters.

  Method of recognition the gross profit

Assuming BCC uses the percentage-of-completion method of recognition the gross profit recognized in 2013 would be rounded to the nearest thousand

  What will dividends per share and external financing require

What will the dividends per share and the external financing required, if the dividend per share payout ratio of 50% is maintained? Explain your answers.

  What will the year four dividend be

If the dividend yield for year 1 is expected to be 5% based on the current price of $25, what will the year 4 dividend be if dividends grow at a constant 6%?

  Selling the material rather than selling it as is as scrap

Degner Inc. has some material that originally cost $19,500. The material has a scrap value of $13,300 as is, but if reworked at a cost of $2,100, it could be sold for $14,000. What would be the incremental effect on the company's overall profit of re..

  Assuming no dividends are paid and no stock is issued

The Digby's balance sheet has $125,232,000 in equity. Further, thr company is expecting $ 3,000,000 in net income next year. Assuming no dividends are paid and no stock is issued, what would their Book Value be next year?

  What the amount of bond liability removed from the accounts

The call price exceeded the carrying amount of the bond. The amount of bond liability removed from the accounts should have equaled the

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