Nutritious Pet Food Company’s board of directors declares a large stock dividend (50%) on June 30 when the stock’s market value per share is $30. At that time, there are 10,000 shares of $1 par value common stock outstanding (none held in treasury). Treasury Stock Building Common Stock Additional Paid-in Capital from Common Stock Cash Land Retained Earnings Common Stock Dividend Distributable Cash Dividends Payable Preferred Stock Equipment Additional Paid-in Capital from Preferred Stock Prepare the following two journal entries. PLEASE NOTE: You must enter the account names exactly as written above and all dollar amounts will be rounded to whole dollars using "$" and commas as needed (i.e. $12,345). June 30 - Record the declaration of a stock dividend:    DR     CR       July 31 - Record the distribution of the stock dividend:    DR     CR

On June 30, Sharper Corporation’s stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock—$10 par value, 74,000 shares issued and outstanding    $ 740,000Paid-in capital in excess of par value, common stock    320,000Retained earnings    720,000Total stockholders’ equity    $ 1,780,000 Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. (1) Prepare the updated stockholders' equity section after the split. (2) Compute the number of shares outstanding after the split. Complete this question by entering your answers in the tabs below. Required 1Required 2Prepare the updated stockholders' equity section after the split. SHARPER CORPORATIONStockholders’ Equity Section of the Balance SheetJune 30Total stockholders’ equity    $0

Subject:

On January 1, 2021, Novak Corp. had  479,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1   Issued  117,000 shares March 1   Issued a 10% stock dividend May 1   Acquired  103,000 shares of treasury stock June 1   Issued a 3-for-1 stock split October 1   Reissued  59,000 shares of treasury stock Part 1   Incorrect answer icon Your answer is incorrect. Determine the weighted-average number of shares outstanding as of December 31, 2021.Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $ 426,000 (net of tax). Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.) Novak Corp.Income Statementchoose the accounting period   select an opening name for this statement     $ enter a dollar amount per share rounded to 2 decimal places select an income…