The company with the common equity accounts shown here has declared a 12 percent stock dividend at a time when the market value of its stock is $59 per share.           Common stock ($1 par value) $ 400,000     Capital surplus   1,572,000     Retained earnings   3,864,000           Total owners’ equity $ 5,836,000             Show the new equity account balances after the stock dividend distribution

On January 1, 2022, Pharoah Company had the following stockholders' equity accounts. Common Stock ($20 par value, 58,700 shares issued and outstanding) $1,174,000 Paid-in Capital in Excess of Par-Common Stock 196,000 Retained Earnings 555,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $37. July 1 Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $375,000. Enter the beginning balances, and post the entries to the stockholders' equity…

Subject: acounting

A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8.  Subsequently, the company declared a 4% stock dividend on a date when the market price was $12 a share.  What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?

Journalize the transactions and the closing entries for net income and dividends

On January 1, 2021, a company had 499,000 shares of common stock outstanding. During the year, it had the following transactions that affected the common stock account. April 1                 Acquired 64,000 shares of treasury stock July 1                  Issued a 20% stock dividend October 1            Issued a 4-for-1 stock split What is the weighted-average number of shares outstanding as of December 31, 2021?

Some of the account balances of Wildhorse Limited at December 31, 2022, are as follows: $7 Preferred shares (1.600 shares authorized, 1.600 shares issued and outstanding) Common shares (unlimited authorized, 50.000 shares issued and outstanding) Contributed surplus Retained earnings Accumulated other comprehensive income (31) The price of the company's common shares has been increasing steadily on the market; it was $19 on January 1, 2023, and advanced to $22 by July 1 and to $25 at the end of 2023. The preferred shares are not openly traded but were appraised at $118 per share during 2023. Wildhorse follows IFRS and had net income of $154,000 during 2023. For the purpose of this question, ignore any dividend entitlement to the preferred shareholders. The company declared a property dividend on April 1. Each common shareholder was to receive one share of Blossom Corp. for every 10 shares outstanding Wildhorse had 7,500 shares of Blossom (2% of the outstanding shares), which it had…

The following data were taken from the statement of financial position accounts of Cha-Cha Corporation on Dec 31, 2019.            Current Assets $ 270,000 Investments $ 312,000 Share Capital - Ordinary (par Value $10) $ 300,000 Share Premium - Ordinary $   75,000 Retained Earnings $ 420,000       Prepare the required Journal Entries for the following unrelated items! 1. A 5% share dividend is declared and distributed at a time when the market price of the shares is $39 per share. 2. The par value of the ordinary shares is reduced to $2 with a 5-for-1 share split. 3. A dividend is declared January 10, 2020 and paid January 28, 2020, in bonds held as an investment. The bonds have a book value of $ 0f $45,000 and a fair value $ 62,500.

The market value balance sheet for Murray Manufacturing is shown here. The company has declared a stock dividend of 25 percent. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend).   Market Value Balance Sheet Cash $ 134,000 Debt $ 116,000 Fixed assets 652,000 Equity 670,000         Total $ 786,000 Total $ 786,000            There are 11,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Company E reports the following stockholders' equity: Common Stock, 100,000 authorized, 30,000 issued, $3 par ? Paid-In Common Stock 93,000 Less: Treasury Stock, 5000 shares (15,000) Retained Earnings 40,000 Assume that Company E pays a $1 per share dividend to its common shareholders. What would be the ending balance in Retained Earnings after the dividend was paid?