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]
2 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]2 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
In the 1990s, DVDs replaced audiocassettes and floppy disks as the storage media of choice for music and computers. In today's w
Yuki888 [10]

Answer:

sales decline

Explanation:

everyone stopped buying DVDS because they are kind of useless at this time period, which means they couldn't make any money

5 0
3 years ago
Which change is illustrated by the shift taking place on this graph?
pantera1 [17]

Answer:

i just took this quiz its B

Explanation:

7 0
3 years ago
Read 2 more answers
John was recently hired by Backstreet Books. At the beginning of the first day on the job, his store manager handed him a small
Lady_Fox [76]

Answer:

<u>compliance-based ethics.</u>

Explanation:

Compliance-based ethics can be defined as a set of rules and conduct for the actions of employees of a particular company to be based on compliance with the laws that regulate business. It is designed to prevent, detect and punish behavior that is not in accordance with a company's pre-established rules.

There are critics who believe that compliance-based ethical codes do not promote individual ethical ability, but rather enforce rules motivated by fear and punishment, as legality and ethics are complementary but not equal.

6 0
3 years ago
There is a great deal of behavior that falls into a gray zone that can be difficult to analyze, however outright bribery is clea
nadya68 [22]

C. Unethical and Illegal

Bribery is offering something such as money or power to do something unethical.

8 0
3 years ago
Read 2 more answers
6. What do you pay for a twelve-ounce can? What are the real social costs of producing a can of Coke – in terms of water, power
VladimirAG [237]

Answer and Explanation:

To pay for a twelve ounce can it costs between 50 cents to a dollar. The social costs of producing a can coke, in which 9 liters of fresh water is used which effects fresh water supply on earth due to its contamination. The cost of making coke :costs more higher, where it has to maintain its employees, buildings, its road transportation, garbage disposal, and many more. People who are living near the coke plant building pays all these costs, and all people pays a equal part as it is taking from earth.

4 0
3 years ago
Other questions:
  • A few years ago, simon powell purchased a home for $225,000. today, the home is worth $400,000. his remaining mortgage balance i
    7·1 answer
  • Which option do you choose to prevent a slide from displaying during a presentation?
    13·1 answer
  • The team wanted to prevent customers from mistakenly choosing the hottest hot sauce and risking injury.Which of the following wo
    12·1 answer
  • Explain the following statement in your own words: "Increasing productivity and also quality will result in increased capacity,
    9·1 answer
  • Which of the following is not a feature of most good mood melodies
    8·1 answer
  • Henry runs moonlight café, a world renowned fast-food restaurant, in his locality. he started the restaurant after getting a lic
    14·1 answer
  • Mike Samson is a college football coach making a base salary of $646,800 a year ($53,900 per month). Employers are required to w
    12·1 answer
  • A business chartered by a state that legally operates as a separate entity from the owner(s) is called
    5·2 answers
  • On January 1, Year 1, Greenfield, Inc. issues $100,000 of 9% bonds maturing in 10 years when the market rate of interest is 8%.
    5·1 answer
  • How many categories should you have in your budget?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!