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Ksivusya [100]
3 years ago
8

Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2015, the company's board of di

rectors declares a 20 percent stock dividend. This stock dividend will be distributed on January 20, 2016 to the stockholders of record on January 15, 2016. The market price of the company's stock is $10 per share on December 31, 2015. Required:Complete the necessary journal entry to record the declaration of the stock dividend by selecting the account names and dollar amounts.
Business
1 answer:
Lynna [10]3 years ago
6 0

Answer:

December 31, 2015

DR Retained Earnings $40,000  

       CR Common Stock Dividend Distributable   $40,000

<em>(To record declaration of stock dividend)</em>

 

Working

Common Stock Dividend Distributable

= No. of shares * Par value * % stock dividend

= 100,000 * 2 * 20%

= $40,000

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Answer:

22.49 g of NH3

Explanation:

The balanced equation for this would be:

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So let's take note of this:

We will need 3 moles of H₂ to produce 2 moles of NH₃.

Now let us convert:

First we determine the molar mass of H2:

Element:

     number of atoms   x     molar mass

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Let's see how many moles of H2 there are in 4.00g

4.00 g\times \dfrac{1\;mole\;of\;H_2}{2.02g} = 1.98\;moles\;of\;H_2

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1.98\;moles\;of\;H_2\times\dfrac{2\;moles\;of\;NH_3}{3\;moles\;of\;H_2} = 1.32\;moles\;of\;NH_3

This means that with 1.98 moles of H₂, we produce 1.32 moles of NH₃

So let's get the molar mass of NH₃ so we can convert it to grams:

N      =   1 x 14.01 = 14.01

H      =  3 x 1.01   = 3.03

                             17.04g/mol

1.32\;moles\;of\;NH_3\times\dfrac{17.04g\;of\;NH_3}{1\;mole\;of\;NH_3} = 22.49g\;of\;NH_3

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