Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Explain the steps and fill in the graph. Thanks G H I Use Information Complete 4 A B D E F 1 At December

image text in transcribed

Please Explain the steps and fill in the graph. Thanks

G H I Use Information Complete 4 A B D E F 1 At December 31, HARVARD Company had the following stockholder's equity components that woul be part of the balance sheet 2 100% 2 $5,000 3 Stock for 1 Stock Cash Stockholders' Equity At Dec 31 Dividend Split Dividend 5 Contributed Capital: 6 Number of Common shares outstanding 5,000 7 Par value per common share $ 1.00 8 Common Stock, at par $ 5,000.00 9 Additional Paid in Capital $ 745,000.00 10 Total Contributed Capital $ 750,000.00 11 Retained Earnings $ 980,000.00 12 Total Stockholders' Equity $ 1,730,000.00 13 14 Required: 15 The Company is considering 3 alternative distributions to stockholders. Consider each alternative independently of the others 16 Complete the table above and show the resulting balances on th stockholders' equity section as a result of these distributions. 17 Use only cell references in formula. Use cells C3, D3 and E3 as appropriate. Do not reference cells from one alternative in another alternative. 18 19 1: issue a 100% stock dividend. 20 21 2: Excecute a 2-for-1 stock split. 22 23 3: Distribute a $5,000 cash dividend. 24 26

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

Survey of Accounting

Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor

4th edition

77862376, 978-0077862374

More Books

Students also viewed these Accounting questions