Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do not know how to do these 2 questions, please help me! 14) Benson Company is authorized to issue 1,000,000 shares of $5 par value

Do not know how to do these 2 questions, please help me! image text in transcribed
image text in transcribed
14) Benson Company is authorized to issue 1,000,000 shares of $5 par value common stock. By March 15, 2013, the company had issued 200,000 shares at $17 per share. On March 15, 2013, the company declared a 10% stock dividend when the market price was $20 per share. What amount is transferred from retained earnings to paid-in capital as a result of the stock dividend? Page 15) Rodriguez Company reported net income of $1,300 million in 2013. The weighted average number of common shares outstanding during 2013 was 554 million shares. Rodriguez paid $30 million in dividends on preferred stock. How much is basic earnings per share amount for 2013

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

CIA Review Part 2 Internal Audit Practice For The New 3 Part Exam

Authors: Irvin N.Gleim

17th Edition

158194375X, 978-1581943757

More Books

Students also viewed these Accounting questions