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On January 1, 2022, Oriole Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declared a $2 cash
On January 1, 2022, Oriole Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $39. July 1 Declared a 10\% stock dividend to stockholders of record on July 15, distributable July 31 . On July 1, the market price of the stock was $15 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.40 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $357,500. (c) Prepare a stockholders' equity section at December 31. (Enter account name only and do not provide descriptive information.) ORIOLE CORPORATION Balance Sheet (Partial) $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit
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