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 shares authorized, 220,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,100,000 530,000 853,000 $ 2,483,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed.

The stockholders' equity section of Monty Corp.'s balance sheet at December 31 is presented here. Monty Corp. Balance Sheet(Partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 14,000 shares authorized, 9,800 shares issued and outstanding Common stock, no par, 880,000 shares authorized, 560,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (12,000 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? (b) Assuming there is a stated value, what is the stated value of the common stock? $ (c) What is the par value of the preferred stock? $ (d) If the annual dividend on preferred stock is $105,840, what is the dividend rate on preferred stock? (e) If dividends of $211.680 were in arrears on preferred stock, what would be the balance reported for retained earnings? eTextbook…

Following is the stockholders' equity section as of June 30. Common stock-$20 par value, 200,000 shares authorized, 80,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity On July 1, the directors declare a 5% stock dividend distributable on July 31 to the July 18 stockholders of record. The stock's market value is $50 per share on July 1 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution. 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) Enter answers in the tabs below. Required 1 Required 2 $ 1,600,000 400,000 750,000 $ 2,750,000 Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.) Stockholders' Equity Section of the Balance Sheet July 31 Retained earnings Common stock Paid-in capital in excess of par value, common…

The following information is available for Metloc Rock Corporation: Common Stock ($5 par)   $1,620,000 Retained Earnings   1,205,000 An 17% stock dividend is declared and paid when the market value was $12 per share.   Compute total stockholders' equity after the stock dividend. Total Stockholders' Equity

On January 1, Pharoah Company had 87000 shares of $10 par value common stock outstanding. On May 7, the company declared a 5% stock dividend to stockholders of record on May 21. Market value of the stock was $16 on May 7. The stock was distributed on May 24. The entry to record the transaction of May 24 would include a

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.

The stockholders’ equity section of Creighton Company’s balance sheet is shown as follows:   CREIGHTON COMPANY As of December 31, Year 3 Stockholders’ equity       Preferred stock, $10 stated value, 7% cumulative,300 shares authorized, 50 issued and outstanding $ 500   Common stock, $10 par value, 250 shares authorized,100 issued and outstanding   1,000   Common stock, class B, $20 par value, 400 sharesauthorized, 150 issued and outstanding   3,000   Common stock, no par, 150 shares authorized,100 issued and outstanding   2,200   Paid-in capital in excess of stated value—preferred   600   Paid-in capital in excess of par value—common   1,200   Paid-in capital in excess of par value—class B common   750   Retained earnings   7,000   Total stockholders’ equity $ 16,250      Requireda. Assuming the preferred stock was originally issued for cash, determine the amount of cash collected when the stock was issued.b. Based on the class B common stock alone,…

A company with 95,000 authorized shares of $7 par common stock issued 42,000 shares at $16. Subsequently, the company declared a 2% stock dividend on a date when the market price was $34 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?

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, 76,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Answer is complete but not entirely correct. Prepare the updated stockholders' equity section after the distribution is made. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Common stock-$10 par value Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity ✓ $ 1.140,000 $ 760,000 330,000 725,000 $ 1,815,000…

The stockholders’ equity section of Jun Company’s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend. The stock’s per share market value on April 2 is $20 (prior to the dividend).  Common stock—$5 par value, 405,000 sharesauthorized, 215,000 shares issued and outstanding $ 1,075,000 Paid-in capital in excess of par value, common stock 520,000 Retained earnings 848,000 Total stockholders' equity $ 2,443,000  Prepare the stockholders’ equity section immediately after the stock dividend is distributed.