Question
The stockholders equity accounts of Martinez Company have the following balances on December 31, 2020. Common stock, $10 par, 322,000 shares issued and outstanding $3,220,000
The stockholders equity accounts of Martinez Company have the following balances on December 31, 2020.
| Common stock, $10 par, 322,000 shares issued and outstanding | $3,220,000 | |
| Paid-in capital in excess of parcommon stock | 1,250,000 | |
| Retained earnings | 5,940,000 |
Shares of Martinez Company stock are currently selling on the Midwest Stock Exchange at $37. Prepare the appropriate journal entries for each of the following cases.
| (a) | A stock dividend of 5% is (1) declared and (2) issued. | |
|---|---|---|
| (b) | A stock dividend of 100% is (1) declared and (2) issued. | |
| (c) | A 2-for-1 stock split is (1) declared and (2) issued. |
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The Social Audit Consumer Handbook A Guide To The Social Responsibilities Of Business To The Consumer
Authors: Charles Medawar
1978th Edition
0333216660, 978-0333216668
