Recording and Reporting Equity, Financial Accounting

Camp Corp had the following balances in its stockholders'' equity at jan 1:
Common stock, $2, par value, 450,000 shares issued $900,000
Additional pd in capial 1,200,000
Retained earnings $2,225,000
Treasury stock, at cost 8000 shares (48,000)
On July 1 declared a 10% stock dividend, payable Aug1. THe stock was trading at $7 per share on July 1. How do i get the retained earnings, common stock distributed, and the additional pd capital
Posted Date: 3/21/2013 6:36:53 PM | Location : United States







Related Discussions:- Recording and Reporting Equity, Assignment Help, Ask Question on Recording and Reporting Equity, Get Answer, Expert's Help, Recording and Reporting Equity Discussions

Write discussion on Recording and Reporting Equity
Your posts are moderated
Related Questions
The statement of comprehensive income for the year ended 31 December 2009 and its comparative is shown below: 2009 2008 $m

Adjusting Entries Clapton Guitar Company entered into the following transactions during 2013. [The transactions were properly recorded in permanent (balance sheet) accounts unless

The risk-free rate of return, rRF , is 10%; the needed rate of return on the market, rM, 16%; and Schuler Company's stock has a beta coefficient of 1.6. a.       If the dividend

Partners F and G receive an interest allowance of $10,000 and $15,000, respectively, and divide the remaining profits and losses in a 3:1 ratio. If the company sustained a net loss

In the context of the public sector, discuss incremental system of budgeting and evaluate their strengths and weaknesses

COMMITTEE OF INSPECTION Appointment : A committee of inspection may be appointed by the creditors at their first or any subsequent meeting to supervise the trustee.

Jim owns and manages a small business, which provides an office design service, as well as buying and selling office furniture. Jim is a sole trader who manages all aspects of the

ACCOUNTS REQUIRED This can be summarized depending on the nature of the situation. In a receivership you may be required to prepare a receivers receipt and payments. In the pro

Final accounts 1) Examination questions – two types of problems arise in examinations: transfers between head office and branch are made at cost; or Transfers bet

I am working on a bank reconciliation problem. How should I record the following transaction on the company's cash record? (10/31/13 Bank Rec) A two month, 8%, $1350 customer's not