1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kherson [118]
3 years ago
6

On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 15,000, $6 par, common sha

res. The market price of the common stock is $35 on this date.
Required: 1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Business
1 answer:
anyanavicka [17]3 years ago
3 0

Answer:

Sept 1,

DR Stock dividends $52,500  

CR Common stock   $9,000

CR Additional paid in capital   $43,500

Sept 1,

DR Stock dividends $90,000  

CR Common stock  $90,000

 

Sept 1,

No journal entry required.

<u>Workings</u>

Small Dividends

<em>Stock dividends</em>

= 15,000 * 10% * $35

= $52,500

<em>Common stock </em>

= 15,000*10%* $6  

= $9,000

<em>Additional paid in capital</em>

= 52,500 - 9000

= $43,500

Large Dividends

<em>Stock dividends</em>

= 15,000 * $6

= $90,000

<em>Common stock </em>

= 15,000 * $6  

= $90,000

<em>No entry for stock splits.</em>

You might be interested in
If the economy is experiencing less than full-employment, what does it imply?
a_sh-v [17]

Answer:

It implies that the economy is in recession. Less than full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is lower than that same economy's long-run potential real GDP

4 0
3 years ago
Read 2 more answers
Reasons for unemployment? ​
aev [14]

Answer:

1.Slow Economic Growth

2.An Increase in Population

3. Slow Growth of Industrialisation

8 0
3 years ago
When the fed buys government bonds, the reserves of the banking system a. decrease, so the money supply increases. b. decrease,
Advocard [28]
<span>When the fed buys government bonds, the reserves of the banking system :C. </span><span>increase so the money supply increases
</span><span>
when the feds buys government bonds, the money will be transferred to citizens who sell the bond. This citizens will put some of the money in the banks which will increase the reserve in banking system and will spend some of it to buy products which will increase the money supply </span>
3 0
4 years ago
Read 2 more answers
As the field of OSCM has advanced, new concepts have been applied to help companies compete in a number of ways, including the a
Lilit [14]

Explanation:

Sustainability can be implemented in different ways in an organization, it can be a set of procedures and policies, through environmental management, environmental management systems, etc.

In the case of products and services, it is very common for the end consumer to realize that a company adopts sustainability through environmental certifications, which is generally represented in the form of a seal on the product packaging.

Environmental certifications are a way for the company to demonstrate its sustainability values ​​to its stakeholders, which strengthens the brand, creates value and reliability in the organization's products and services.

5 0
3 years ago
1. Improvements in technology.2. Increases in the supply (stock) of capital goods.3. Purchases of expanding output.4. Obtaining
Scrat [10]

Answer:

D: 1 only

Explanation:

Improvement in technology is an efficiency factor for economic growth. It began with the first industrial revolution in the 19th century and is now being led by fourth industrial revolution or a revolution propelled by advances in computer technologies, internet, robotics and artificial intelligence.

3 0
3 years ago
Other questions:
  • the market price of a bond is 875.00. the bonds have a 4.25% coupon rate paid annually and mature in six years. what is the yiel
    9·1 answer
  • ____ provides updated traffic reports that highlight routes with congestion, construction, or accidents that might cause delays.
    8·1 answer
  • Provide responses to the following questions 1. What is the purpose of a staffing management plan? What does it address?
    8·1 answer
  • Jerry is a working-class black man with good credit. He needs to take out a loan to pay for some improvements to his house. Seve
    14·1 answer
  • Myriam is analyzing the gender roles of men and women in management in the United States and comparing them to the gender roles
    7·1 answer
  • Judy Hays wants to give $3,200 to the building fund at her local church. Assuming Judy can itemize your deductions, how much wil
    8·1 answer
  • Waterway Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model,
    6·2 answers
  • Which interest-bearing account is the best for people who won't need access to their money for several months or longer
    9·2 answers
  • Public goods are funded by?
    15·1 answer
  • PLEASE HELP ME :(
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!