Question
I have already put in the journal entry. I just need the calculations Selected Dividend Transactions, Stock Split Selected transactions completed by Canyon Ferry Boating
I have already put in the journal entry. I just need the calculations
Selected Dividend Transactions, Stock Split
Selected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows:
Journalize the transactions.
If no entry is required, type "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
Question Content Area
Jan. 8. Split the common stock 2 for 1 and reduced the par from $52 to $26 per share. After the split, there were 126,000 common shares outstanding.
Need help with the calculations
Fenchack T Cleck W Work Review the effect of stock splits on equity accounts. Apr. 30. Declared semiannual dividends of $1.60 on 9,000 shares of preferred stock and $0.11 on the common stock payable on July 1. Apr. 30 Fegcosck T Check Wy Work When a company declares a dividend it becomes legally binding. July 1. Paid the cash dividends. July 1 Feachack Thack My Work What are the stockholders' receiving from the corporation? stock outstanding. The fair market value of the common stock is estimated at $47. Cash dividends T Check My Wiork On the date of declaration of a cash dividend, it becomes legally binding. How do stock dividends affect stockholders' equity? 31. Paid the cash dividends and issued the certificates for the common stock dividendStep by Step Solution
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