Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the stockholer equity a ccounts of gk chesterton have the following balances december 31 2017 common stock $10 par 300.000 share issued and outstanding Quirk

the stockholer equity a ccounts of gk chesterton have the following balances december 31 2017
common stock $10 par 300.000 share issued and outstanding
image text in transcribed
Quirk Corporation issued a 100% stock dividend of its value of $10 before and after the dividend. At what am capitalized for the additional shares issued? a. There should be no capitalization of retained earning b. Par value c. Fair value on the declaration date d. Fair value on the payment date On July 1, 2014, Spear Co. issued 2,000 of its 10%, interest. The bonds are dated April 1, 2014 and mature o semiannually on April 1 and October 1. What amount issuance? a. $2,030,000 b. $2,000,000 c. $1,980,000 d. $1,930,000 Quirk Corporation issued a 100% stock dividend of its value of $10 before and after the dividend. At what am capitalized for the additional shares issued? a. There should be no capitalization of retained earning b. Par value c. Fair value on the declaration date d. Fair value on the payment date On July 1, 2014, Spear Co. issued 2,000 of its 10%, interest. The bonds are dated April 1, 2014 and mature o semiannually on April 1 and October 1. What amount issuance? a. $2,030,000 b. $2,000,000 c. $1,980,000 d. $1,930,000

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

Operational Auditing Principles And Techniques For A Changing World

Authors: Hernan Murdock

2nd Edition

1000388247, 9781000388244

More Books

Students also viewed these Accounting questions