Answered step by step
Verified Expert Solution
Question
1 Approved Answer
this is the answer of my one of the question , i need this hand writting Hand writting should be very clean you just need
this is the answer of my one of the question , i need this hand writting
Hand writting should be very clean
you just need to convert this answer into your hand writting
JOURNAL EM'I'IW AECDUHI'TI'I'LE 8i EHPlANA'I'IDN Marlin Treasury stock Cash {repurchase common stock] Apr-3|] Cash Treasury stock Additional Paid in capital - treasury stock {reissu e treasu iv studs} Jun-30 Building Common stock Additional Paid in capital Common stock {building purchase by issuing common stock} Dec-31 Retained earning Stock dividend pava hle {stock dividend declared] 10.00.0130 9,00,000 12,00,000 Stock dividend treated as small stock dividend ifthe number of shares issued through stock dividend is less than 5% of shares outstandng before issuing stock dividend+ Here company's issue 0000 shares thrOugh stock dividend which is only 0.096 of Outstanding shares before issuing stock dividend. Hence It will be treated as small stock dividend. Small stock dividend is recorded at market price on the date of declaration of stock dividend bythe company. Whereas large stock dividend treated as stock split as number of shares issued is more than 2596 of outstanding shares beiore issuing stock dividend and recorded at .- .r value. Note '5 OF STOCK DIVIDEND= [00000310001000 #330296 outstanding shares = [1,000,000 40,000 +1,000 16,000} =9,9?,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started