FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company with 100, 000 authorized shares of $4 par common stock issued 40, 000 shares at $8. Subsequently, the company declared a 5% stock

image text in transcribed
A company with 100, 000 authorized shares of $4 par common stock issued 40, 000 shares at $8. Subsequently, the company declared a 5% stock dividend on a date when the market price was $ 11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? a. $16, 000 b. $22 000 c.$8, 000 d.$8, 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smoke And Mirrors Inc Accounting For Capitalism

Smoke And Mirrors Inc Accounting For Capitalism

Authors: Nicolas Vron, Matthieu Autret, Alfred Galichon, George Holoch

1st Edition

0801444160, 978-0801444166

More Books

Students also viewed these Accounting questions

Question

★★★★★
On September 1, Duggan Company purchased 100 common shares of Green Company for $100 each and 200 common shares of White Company for $50 each. On December 31, the common shares of Green were selling...

Answered: 1 week ago

Question

★★★★★
Q.2 Q.4 Determine ff x dA where R is upper half of the circle shown below. Q. 2 Q. 4 Determine RxdA, where R is upper half of the circle shown below

Answered: 1 week ago

Question

★★★★★
1. The Advantages of Texting Make a list of the advantages of sending a text message over talking to someone over the telephone. Make a second list of the advantages of talking over sending a text...

Answered: 1 week ago

Question

★★★★★
Problem 10.16 projected financial statements for Walmart for Years +1 through +5. The following data for Walmart include the actual amounts for 2008 and the projected amounts for Year +1 to Year +5...

Answered: 1 week ago

Question

★★★★★
is this eight and can u tell me the carty forward amount please :) thanks A If the answer is "lo" enter in the Amount. - On September 1s, 2022, Mr. Payton moves from Sudbury to Ottawa (Ottawa is 484...

Answered: 1 week ago

Question

★★★★★
40 You have $100 that you can spend on coffee at Dunkin Donuts costing $3 each. The nominal interest rate on a 1 year deposit is currently 8%, and the expected rate of inflation over the coming year...

Answered: 1 week ago

Question

★★★★★
What is the contribution of zero in the field of mathematics and where and who discovered zero?

Answered: 1 week ago

Question

★★★★★
Where are sin, cos etc. used in the field of mathematics and how did they originate and what is their importance

Answered: 1 week ago

Question

★★★★★
Why did the Mughals attack India and what impact did the Mughal invasion have on India's culture and education system?

Answered: 1 week ago

Question

★★★★★
What is Ramayana, who is its creator, why was Ramayana written?

Answered: 1 week ago

Question

★★★★★
To solve by the graphical methods 2x +3y = 9 9x - 8y = 10

Answered: 1 week ago

Question

★★★★★
(Appendices) COMPONENTS OF COST OF GOODS SOLD. Annas Corner Store has the following data for a recent year. LO9

Answered: 1 week ago

Question

★★★★★
(Appendices) TERMS OF SHIPMENT AND ENDING INVENTORY. On December 31, Archive Products had two shipments of merchandise in transit from different suppliers. The first shipment, which arrived on...

Answered: 1 week ago

Question

★★★★★
(Appendices) PURCHASES, SALES, AND COST OF GOODS SOLD. The following data were available for Jeans Inc., a seller of denim clothing, at January 1 of a recent year: Jeans Inc. records purchases and...

Answered: 1 week ago

Previous Question Next Question