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
NeTakaya
3 years ago
11

The stockholders’ equity section of Jun Company’s balance sheet as of April 1 follows. On April 2, Jun declares and distributes

a 15% stock dividend. The stock’s per share market value on April 2 is $10 (prior to the dividend). Common stock—$5 par value, 465,000 shares authorized, 245,000 shares issued and outstanding $ 1,225,000 Paid-in capital in excess of par value, common stock 580,000 Retained earnings 878,000 Total stockholders' equity $ 2,683,000 Prepare the stockholders’ equity section immediately after the stock dividend.
Business
1 answer:
SIZIF [17.4K]3 years ago
3 0

Answer:

a stock dividend does not increase or decrease total stockholders' equity, it just increases some accounts and decreases others.

total amount of the dividend = 245,000 stocks x $10 x 15% = $367,500

the par value of the dividend = 245,000 stocks x $5 x 15% = $183,750

additional paid in capital of the dividend = $183,750

the journal entry to record the dividend distribution:

Dr Retained earnings 367,500

    Cr Common stock 183,750

    Cr Additional paid in capital 183,750

The stockholders' equity section:

Common stock $1,225,000 + $183,750 = $1,408,750

Paid in capital in excess of par value $580,000 + $183,750 = $763,750

Total contributed capital = $2,172,500

Retained earnings = $878,000 - $367,500 = $510,500

Total stockholders' equity = $2,172,500 + $510,500 = $2,683,000

You might be interested in
A creditor who extends credit to a consumer to purchase a consumer good under a written security agreement obtains​ a(n) _____ s
devlian [24]

A creditor who extends credit to a consumer to purchase a consumer good under a written security agreement obtains​ a<u> "purchase money" </u>security interest in the consumer good.

A purchase money security interest (PMSI) is a legitimate claim that enables a lender to repossess property financed with its loan or demand repayment in real money if the borrower defaults. It gives the lender need over other creditors cases.  

A PMSI is utilized by some commercial lenders and credit card guarantors just as by retailers who offer financing alternatives.

8 0
3 years ago
in a split offering, a) shares are issued from the corporation and sold by existing shareholders. b) all shares are issued to th
melisa1 [442]

In a split offering, we see that a) shares are issued from the corporation and sold by existing shareholders.

<h3>What is a split offering?</h3>

A split offering is a type of stock issuance that involves the issuing of new stock and existing stock that it is in the market already. This is why it is called a split offering - one side of the offering comes from the corporation, and the other comes from the existing shareholders.

With a split offering, the seller will be existing shareholders and not the company. This means that the corporation that issues the shares, will then cooperate with existing shareholders who will then be the ones to sell the shares.

Find out more on stock offerings at brainly.com/question/13049425.

#SPJ1

4 0
1 year ago
The amount by which government expenditures exceed revenues during a particular year is the:A. public debt.B. budget deficit.C.
slava [35]

Answer:

The correct answer is

B. budget deficit

good luck

4 0
3 years ago
If there is a great demand for a product, the production for that product will
sweet [91]

production for that product will increase.

4 0
3 years ago
Read 2 more answers
If managers are not owners of their​ company, then they are​ ________.
madam [21]
It is called an agent. They are the person who concurs and is approved to follow up for another, a central, to legitimately tie a person specifically business exchanges with outsiders as per an organization relationship. 
The agent is the gathering who is lawfully approved to follow up for the primary in the key's business exchange. The specialist owes the primary a guardian obligation. This implies the specialist is committed to act to the greatest advantage of the main. The central owes the operator a few obligations too.
4 0
2 years ago
Other questions:
  • Tamarisk, Inc. has the following inventory data:
    12·1 answer
  • Dvr technology allows advertisers to get more specific information about what viewers watch
    6·1 answer
  • John is a newly minted quality engineer at MakeStuff Inc. His boss tells him to increase the process capability index of their m
    12·1 answer
  • A report by the Wall Street Journal found there were several online retailers that offered customers different prices based on t
    13·1 answer
  • Sharon is opening a new pizza restaurant that will use a combination of workers and ovens to produce pizzas. Sharon knows from e
    9·1 answer
  • Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $14.8 million, and $39.6 million, res
    14·1 answer
  • Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the follo
    6·1 answer
  • Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2019, she sells the following long-term assets u
    13·1 answer
  • Hewo how are u today
    15·2 answers
  • Keith was put on probation for a string of customer complaints about his poor service and professionalism. his supervisor was us
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!