The stockholders’ equity section of TVX Company on February 4 follows. Common stock—$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding $ 600,000 P2 Paid-in capital in excess of par value, common stock . 425,000 Retained earnings 550,000 Total stockholders’ equity . $1,575,000 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock’s market value is $40 per share on February 5 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.)

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…

Entries for stock dividends Pro-Builders Corporation has 1,500,000 shares of $5 par common stock outstanding. On September 2, Pro-Builders Corporation declared a 3% stock dividend to be issued November 50 to stockholders of record on October 3. The market price of the stock was $56 per share on September 2.Journalize the entries required on September 2, October 3, and November 30.

The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows.          Common stock—$10 par value, 150,000 sharesauthorized, 63,000 shares issued and outstanding $ 630,000   Paid-in capital in excess of par value, common stock   430,000   Retained earnings   550,000   Total stockholders’ equity $ 1,610,000     On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock’s market value is $41 per share on February 5 before the stock dividend.   1. Prepare entries to record both the dividend declaration and its distribution.

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…

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,…

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

Bonneau Corporation has 100,000 shares of $10 par common stock outstanding. On July 31, the Board of Directors declared a 5% stock dividend to be issued on Aug 31 to stockholders of record August 15. The market price of the stock was $35 a share on July 31. Journalize the entries required on July 31, Aug 15, and Aug 31.

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…