Can I please have assistance with my acct. homework? Thanks!!

Can I please have assistance with my acct. homework? Thanks!!

ATTACHMENT PREVIEW

Download attachment

ORIGINAL INFORMATION
: Common Stock 900,000 shares authorized, 100,000
shares issued, $10 par value
Answer the following:
1.
What dollar amount must the common stock be listed on the balance sheet for
______________
2.
If we have a 4 for 1 stock split, how many shares will be issued and outstanding
after the split _________
3.
If we have a 4 for 1 stock split, how many shares will be authorized after the split
_________
4.
If we have a 4 for 1 stock split, how much will the par value be after the split
_________
5.
If based on the original information, we have a 100% stock dividend, how many
shares will be issued and outstanding after the dividend _________
6.
If based on the original information, we have a 100% stock dividend, how many
shares will be authorized after the dividend _________
7.
If
based on the original information, we have a 100% stock dividend, how
much
will the par value be after the dividend___________________
8.
Based on the original information, assuming that we did a 4 for 1 split, list all the
journal entries needed.
9.
Based on the original information , assuming that we did a 100% stock dividend
when the market price is $50 per share what entries are needed for the date of
declaration, date of distribution and year end.
Bonus +5
10. Assuming that we did a 15% stock dividend when the market price is $50 per
share what entries are needed for the date of declaration, date of distribution and
year end.
All of the questions are asking a new question based off of the original set of data
given……
this is not a cumulative quiz, meaning
………the answer from #1 DOES
NOT affect your answer for #2 etc.
There are not multiple 4 for 1 splits/dividends
happening……it is just the original data.

Leave a Comment