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How is the issuance of stock accounted for? When issuing common stock at par value, the journal entry would be to debit ___ _______ and
- How is the issuance of stock accounted for?
- When issuing common stock at par value, the journal entry would be to debit __________ and credit __________________.
- How is treasury stock accounted for?
- What is treasury stock?
- Why might a company later reacquire some of its own stock as treasury stock?
- ABC company recently repurchased some of its own stock as treasury stock for $1,000. The company is now selling the treasury stock for $1,100. The journal entry would be:
Date | Accounts and Explanation | Debit | Credit |
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- How are dividends and stock splits accounted for?
- Journalize for the 1) declaration of cash dividend of $1,000 and 2) payment of cash dividend:
Date | Accounts and Explanation | Debit | Credit |
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2) |
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- Why might some companies issue stock dividends instead of cash dividends?
- ABC Company currently has 100,000 shares of common stock with a par value of $2 before a 2-for-1 split. What is the number of shares and par value after the split?
- How is the complete corporate income statement prepared?
- What may appear on a corporations income statement that generally does not appear for smaller business?
- How is equity reported for a corporation?
- What is included on the statement of retained earnings?
- The statement of stockholders equity reports the changes in all ___________ accounts.
- How do we use stockholders equity ratios to evaluate business performance?
- Use the following information for ABC Company to calculate the EPS, price/earnings ratio, and return on common stockholders equity:
Net Income = $10,000 Preferred Dividends = $2,000 Average Common Stockholders Equity = $300,000 Number of Common Shares Outstanding = 20,000 shares
- What is earnings per share?
- What is price/earnings ratio assuming the market price is $2 per share?
- What is rate of return on common stockholders equity (take percentage to 2 decimal places)?
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