The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20%stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend).Common stock-$5 par value, 415,000 sharesauthorized, 220,000 shares issued and outstandingPaid-in capital in excess of par value, common stock.Retained earningsTotal stockholders' equityPrepare the stockholders' equity section immediately after the stock dividend is distributed.Total paid-in capitalTotal stockholders' equityJUN COMPANYStockholders' EquityApril 2 (after stock dividend)$0$ 1,100,000530,000853,000$ 2,483,00004

When a company's debts have been paid off, the money or assets that are left over are called…

Answered: The stockholders' equity section of Jun…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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HiTech Manufacturing Company has 500,000 shares of $1 par value capital stock outstanding on January 1. The following equity transactions occurred during the current year: (35 points) June 1 Declared a cash dividend of $0.20 per share July 1 Paid the $0.20 cash dividend to stockholders Aug. 1 Declared a 10% stock dividend. Market price of stock was $15 per share Sept. 10 Issued shares resulting from 10% stock dividend declared on August 1 Show calculations and prepare journal entries to record June 1, July 1, Aug. 1 and Sept. 10 transactions Questions are in the IMAGE
Langley Corporation has 57,000 shares of $11 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $16. The dividend shares are issued on December 31.Prepare the entries for the declaration and issuance of the stock dividend.
The stockholders' equity section of Jun Co's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend). Common stock-$5 par value, 375,e00 shares authorized, 200,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $1,000,000 600,e00 833, еee $2,433,000 Total stockholders' equity Prepare the stockholders' equity section immediately after the stock dividend is distributed. JUN CO. Stockholders' Equity April 2 (after stock dividend) Total paid-in capital Total stockholders' eauity 8:40 PM 3/27/2022 Fn Lock Insert Prt Sc F9 F10 F11 F12 F7 F8 F4 E5 F6 + %23 %24
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On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 40 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $15 on June 13. Complete the below table to calculate the stock dividend.Prepare a journal entry that summarizes the declaration and distribution of the stock dividend.
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On January 1, Year 1, a company had the following transactions: - Issued 10,000 shares of $2.00 par common stock for $12.00 per share. - Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share. Purchased 1,000 shares of previously issued common stock for $15.00 per share. No other shares of stock were issued or outstanding. The company had the following dividend information available: Year 1- No dividend paid Year 2 Paid $2,000 total dividends Year 3- Paid $20,000 total dividends Year 4 paid $25,000 total dividends Fill in the correct values for each year. If your answer is zero, please enter "0". Year 1 Year 2 Common stock dividend Preferred stock dividend Dividends in arrears Year 3 §§ $ $ $ Year 4
The stockholders' equity section of Ayayai Corp.'s balance sheet consists of common stock ($7 par) $840,000 and retained earnings $400,000. A 10% stock dividend (12,000 shares) is declared when the market price per share is $15. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. Before Dividend After Dividend $4 $ $4 (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend After Dividend Outstanding shares >

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