### Compute the par value per share before stock dividend

Assignment Help Accounting Basics
##### Reference no: EM131266283

Problem -

On October 1, Little Bobby Corporation's stockholders' equity is as follows.

Common stock, \$5 par value                                       \$400,000

Paid-in capital in excess of par- common stock              25,000

Retained earnings                                                       155,000

Total stockholders' equity                                            \$580,000

(a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.

(b) Indicate the balances in three stockholders'' equity accounts after the stock dividend shares have been distributed.

On January 1, 2014, Eddy Corporation had retained earnings of \$650,000. During the year, Eddy had the following selected transactions.

1. Declared cash dividends \$120,000

2. Corrected overstatement of 2013 net income because of depreciation error \$40,000.

3. Earned net income \$350,000

4. Declared stock dividends \$90,000.

#### Annually an average of ? library patrons

Suppose that annually an average of λ library patrons want to borrow a book. A patron borrows the book for an average of 1/λ years. Suppose we observe that the book is actua

#### Auditor of glaxo corporation (glaxo) for the current year

the auditor of Glaxoa Corporation (Glaxoa) for the current year.  For each situation:1 Describe the corrections, if any, you would propose to management to make the financial

#### Calculation of compensation expense for fair value

On July 1, 2012, Ellison Company granted Sam Wine, an employee, an option to buy 600 shares of Ellison Co. stock for \$30 per share, the option exercisable for 5 years from d

#### Warranty and coupon computation

1. Its line of amplifiers carries a 3-year warranty against defects. On the basis of past experience the estimated warranty costs related to dollar sales are first year afte

#### Choose the correct answer from the statements below

Three potential investments projects (A, B, and C) at Clouse Corporation all require the same initial investment, have the same useful life (three years), and have no expect

#### Memorandum to the tax partner

Prepare a memorandum to the tax partner of your firm that discusses the transfer tax and income tax conequences of the proposed transactions described above. Also, make any

#### Determining financial records of pacer

Lennon was achieved by this acquisition. Lennon distributed a dividend of \$2.50 per share during 2009 and reported net income of \$670,000. What was the balance in the Invest

#### Undesirable incentives to management to build inventory

Explain how absorption costing could provide undesirable incentives to management to build inventory. Include in your assessment how to best set up absorption costing systems