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Help on Part ( c ) on how to figure out the Retained Earnings and Total Stockholders' Equity. On January 1 , 2 0 2
Help on Part c on how to figure out the Retained Earnings and Total Stockholders' Equity.
On January Crane Corporation had the following stockholders' equity accounts.
Common Stock no par value, shares issued and outstanding $
During the year, the following transactions occurred.
Feb. Declared a $ cash dividend per share to stockholders of record on February payable March
Mar. Paid the dividend declared in February.
Apr. Announced a for stock split. Prior to the split, the market price per share was $
July Declared a stock dividend to stockholders of record on July distributable July On July the market price of
the stock was $ per share.
Issued the shares for the stock dividend.
Dec. Declared a $ per share dividend to stockholders of record on December payable January
Determined that net income for the year was $
a
Your answer is correct.
Prepare the stockholders' equity section of the balance sheet at March Enter account name only and do not provide descriptive
information.
b
Your answer is correct.
Prepare the stockholders' equity section of the balance sheet at June Enter account name only and do not provide descriptive
information.
c
Your answer is partially correct.
Prepare the stockholders' equity section of the balance sheet at September Enter account name only and do not provide
descriptive information.
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