FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NorthSouth Trucking Corporation had 200,000 shares of common stock cutstanding with a $5 par value. During the year, they issuod a 11% stock dividend when

image text in transcribed
NorthSouth Trucking Corporation had 200,000 shares of common stock cutstanding with a $5 par value. During the year, they issuod a 11% stock dividend when tho corporation's stock was trading at $16 per share. Write the joumal entry necessary to account for the stock dividend

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Auditing And Assurance Services

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

12th Edition

0136128270, 9780136128274

More Books

Students also viewed these Accounting questions

Question

★★★★★
Four different locations in the northeast are used for collecting ozone measurements in parts per million. Amounts of ozone were collected in 5 samples at each location.(a) Is then: sufficient...

Answered: 1 week ago

Question

★★★★★
Evaluate the following definite integrals using the Fundamental Theorem of Calculus. CT/3 sec x tan xr dx

Answered: 1 week ago

Question

★★★★★
=+to the concepts introduced in this chapter. Describe the best interface that you have ever worked with and critique it relative to the concepts introduced in this chapter.

Answered: 1 week ago

Question

★★★★★
In March, Kelly Manufacturing had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had zero work in process. During March, Kelly transferred out 22,000...

Answered: 1 week ago

Question

★★★★★
The management of an organization with a remote workforce is concerned that employees are clocking on for others who are not actually at work. What controls would reduce this risk?

Answered: 1 week ago

Question

★★★★★
The following table presents data on the various costs at different levels of outputs. At first, TFC=50. 1 2 3 4 5 6 7 8 9 10 TC TFC 250 400 500 550 650 800 1000 1250 1550 2000 AVC ATC MC i) Complete...

Answered: 1 week ago

Question

★★★★★
Income Statement for the ear Ended 3 0 Net Saies ( All on Credit ) . 7 4 1 8 COGS. 5 2 7 1 Depreciation. 7 4 5 EBIT 1 4 0 2 Interest. 3 0 5 . Taxes 3 8 4 Net Incorne. 7 1 3 Dividends paid 2 5 0...

Answered: 1 week ago

Question

★★★★★
When prioritizing risk, what are the two primary criteria that need to be determined for analyzing the level of risk for a particular event? Using these two criteria, how would you describe the risk...

Answered: 1 week ago

Question

★★★★★
Tanya ( born 1 0 - 3 1 - 9 0 ) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $ 8 0 0 for her...

Answered: 1 week ago

Question

★★★★★
Bugs NoMore Company manufactures a product effective in controlling beetles. The company uses a standard cost system and a flexible budget. Standard cost of a gallon is as follows: Direct material: 2...

Answered: 1 week ago

Question

★★★★★
Your director at the department of Home Affairs has appointed you as the lead project manager for a project to rollout the new card type identification to all South African citizens, replacing the...

Answered: 1 week ago

Question

★★★★★
Identify the various performance criteria (standards) that can be established.

Answered: 1 week ago

Question

★★★★★
Explain the use of the employment interview.

Answered: 1 week ago

Question

★★★★★
Identify environmental factors that affect the selection process.

Answered: 1 week ago

Previous Question Next Question