Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please write out formulas for excel not just numbers thank you 1. Analyze the effects of alternative distributions on stockholders' equity. XIA 2 1 .

Please write out formulas for excel not just numbers thank youimage text in transcribedimage text in transcribed

1. Analyze the effects of alternative distributions on stockholders' equity. XIA 2 1 . Cash dividends, stock dividends, and stock splits - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT Sign In Calibri 11 M Paste BIU- % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing Clipboard G Font A1 fx At December 31, Artists Unlimited Company had the following D E 3 2 4 $ 9 1 At December 31, Artists Unlimited Company had the following 2 stockholder's equity components that would be part of the balance sheet: 100% $5,000 Stock for 1 Stock Cash 5 Stockholders' Equity At Dec 31 Dividend Split Dividend 6 Contributed Capital: 7 Number of common shares outstanding 5,000 8 Par value per common share 1.00 Common Stock, at par $ 5,000 10 Additional Paid in Capital 745,000 11 Total Contributed Capital 750,000 12 Retained Earnings 980,000 13 Total Stockholders' Equity $ 1,730,000 14 15 16 Required: 17 The company is considering 3 alternative distributions to stockholders. Consider each alternative independently of the others. 18 Complete the table above and show the resulting balances on the stockholders' equity section as a result of these distributions. 19 Use only cell references in formulas. Use cells C3, D3, and E3 as appropriate. Do not reference cells from one alternative in another alternative. 20 Sheet1 READY # + 100% Attempt(s) 19 Use only cell references in formulas. Use cells C3, D3, and B3 as appropriate. Do not reference cells from one alternative in another alternative. 20 21 1) Issue a 100% stock dividend. 22 OR 23 2) Execute a 2-for-1 stock split. 24 OR 25 3) Distribute a $5,000 cash dividend. 27 28 29 Sheet1 + 13 + 100% READY Attempt(s)

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions