Question
I have attached 8 questions in a word doc 1.Greenwood Corporation has73,000shares of common stock outstanding. It declares a $1per share cash dividend on November
I have attached 8 questions in a word doc
1.Greenwood Corporation has73,000shares of common stock outstanding. It declares a $1per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31.
2.Whetzel Corporation reported net income of $150,000, declared dividends on common stock of $48,000, and had an ending balance in retained earnings of $370,000. Common stockholders equity was $690,000at the beginning of the year and $830,000at the end of the year.
3.On January 1, Guillen Corporation had93,000shares of no-par common stock issued and outstanding. The stock has a stated value of $7per share. During the year, the following occurred.
4.On October 31, the stockholders equity section of Heins Company consists of common stock $300,000and retained earnings $890,000. Heins is considering the following two courses of action: (1) declaring a4% stock dividend on the30,000, $10par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5per share. The current market price is $16per share.
5.On January 1, 2017, Geffrey Corporation had the following stockholders equity accounts.
6.The stockholders equity accounts of Karp Company at January 1, 2017, are as follows.
7.The post-closing trial balance of Storey Corporation at December 31, 2017, contains the following stockholders equity accounts.
8.On January 1, 2017, Ven Corporation had the following stockholders equity accounts.
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