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How do I calculate the total paid in capital after the stock dividend, and total stockholders equity after the stock dividend? The company declared a
How do I calculate the total paid in capital after the stock dividend, and total stockholders equity after the stock dividend?
The company declared a 2% common stock dividend on December 1, and would like you to compute the following pieces of missing information. The market value of the common shares is $26.00 on December 1, and is $30.00 on the actual distribution date of the stock, December 31 Fill in the missing information in the following table, using the information given and your work on the other panels. All "before" items are before the stock dividend was declared. All "after" items are after the stock dividend was declared and closing entries were recorded at the end of the year. Total paid-in capital before the stock dividend Total retained earnings before the stock dividend Total stockholders' equity before the stock dividend Total paid-in capital after the stock dividend Total retained earnings after the stock dividend Total stockholders' equity after the stock dividend $ 22,000,000 33,500,000 $55,500,000 $19,240,00o X 33,188,000 $55,600,000 X Pranks, Inc. is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporation has paid several cash dividends throughout Year 6, the current year. It is also declaring a stock dividend to its stockholders as the calendar year-end approaches. You've been brought in as a consultant to assist with this process, and also to help determine whether some missing information can be determined before the distribution of the stock dividend is made. The company has two classes of stock: common stock and cumulative preferred stock You've been able to retrieve the following information so far: Number of common shares authorized Number of common shares issued Par value of common shares Par value of curnulative preferred shares Additional Pald-in Capital Common Stock Additional Paid-in Capital Preferred Stock Total retained earnings before the stock dividend is declared 900,000 750,000 $20 $30 $7,000,000 $0 $33,500,000 Preferred Dividends Total Cash Dividends 20,000 36,000 88,000 120,000 138,000 Common Dividends Total Year Year 1 Year 2 Year 3 Year 4 Year 5 Total Per Share 20,000 36,000 34,000 30,000 30,000 Per Share 0.00 0.00 0.09 0.15 0.18 0.30 0.20 0.36 0.34 0.30 0.30 0.30 54,000 90,000 108,000 180,000 Year 6 210,000 30,000 The company declared a 2% common stock dividend on December 1, and would like you to compute the following pieces of missing information. The market value of the common shares is $26.00 on December 1, and is $30.00 on the actual distribution date of the stock, December 31 Fill in the missing information in the following table, using the information given and your work on the other panels. All "before" items are before the stock dividend was declared. All "after" items are after the stock dividend was declared and closing entries were recorded at the end of the year. Total paid-in capital before the stock dividend Total retained earnings before the stock dividend Total stockholders' equity before the stock dividend Total paid-in capital after the stock dividend Total retained earnings after the stock dividend Total stockholders' equity after the stock dividend $ 22,000,000 33,500,000 $55,500,000 $19,240,00o X 33,188,000 $55,600,000 X Pranks, Inc. is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporation has paid several cash dividends throughout Year 6, the current year. It is also declaring a stock dividend to its stockholders as the calendar year-end approaches. You've been brought in as a consultant to assist with this process, and also to help determine whether some missing information can be determined before the distribution of the stock dividend is made. The company has two classes of stock: common stock and cumulative preferred stock You've been able to retrieve the following information so far: Number of common shares authorized Number of common shares issued Par value of common shares Par value of curnulative preferred shares Additional Pald-in Capital Common Stock Additional Paid-in Capital Preferred Stock Total retained earnings before the stock dividend is declared 900,000 750,000 $20 $30 $7,000,000 $0 $33,500,000 Preferred Dividends Total Cash Dividends 20,000 36,000 88,000 120,000 138,000 Common Dividends Total Year Year 1 Year 2 Year 3 Year 4 Year 5 Total Per Share 20,000 36,000 34,000 30,000 30,000 Per Share 0.00 0.00 0.09 0.15 0.18 0.30 0.20 0.36 0.34 0.30 0.30 0.30 54,000 90,000 108,000 180,000 Year 6 210,000 30,000Step by Step Solution
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