Landess corporation currently has 120000 shares outstanding

Assignment Help Accounting Basics
Reference no: EM13602743

Landess Corporation currently has 120,000 shares outstanding of $10 par value common stock. The stock was originally issued for $12 per share. On March 15, the board of directors declares a 10% stock dividend when the stock is selling for $16 per share. Prepare the journal entry to record entry to record the stock dividend.

Reference no: EM13602743

Questions Cloud

The product normally sells for 160 per unit texas company : texas company produces and sells 22000 units of a single product. costs associated with this level of production are as
Marquita filters produces an air filter for use in jet : marquita filters produces an air filter for use in jet aircraft. parts are added at several points in the production
Case study -narda corporation agreed to sell all of its : case study -narda corporation agreed to sell all of its capital stock to effie corporation for three monthly payments
Proton company which begin operations in 2009 invests its : proton company which begin operations in 2009 invests its idle cash in trading securities. the following transactions
Landess corporation currently has 120000 shares outstanding : landess corporation currently has 120000 shares outstanding of 10 par value common stock. the stock was originally
Compute the projected costs and the overhead rate for this : lund products inc. uses a predetermined overhead rate in its production assembly and testing departments. one rate is
The andrew jackson corporation a manufacturer of the : the andrew jackson corporation a manufacturer of the hickory walking sticks made of hickory gathered the following
If the liabilities of a company increased 92000 during a : if the liabilities of a company increased 92000 during a period of time and equity in the business decreased 30000
The new equipment will cost 1000000 will provide annual : abc inc. is considering investing in new equipment for the manufacture of blue ink. the new equipment will cost 1000000

Reviews

Write a Review

Accounting Basics Questions & Answers

  Upper darby park department is considering a new capital

upper darby park department is considering a new capital investment. the following information is available on the

  Building 62000000 mortgage payable 36000000 drawing 5000000

journalize the following entries for oglala supplies1-jan oglala purchases 100000 of merchandise from loopy and co.

  Loreal-american corporation purchased several marketable

loreal-american corporation purchased several marketable securities during 2013. at december 31 2013 the company had

  When the auditor is unable to obtain sufficient

When the auditor is unable to obtain sufficient, competent evidence concerning the beginning inventory, which is material, the report is modified by adding an explanatory paragraph prior to the opinion paragraph and appropriate modification to the..

  Question regarding contingent payment

The founders of an acquired company are granted a contingent payment for three years after the acquisition based on those years earnings:

  Statistical sampling-non-statistical sampling

Which is better, statistical sampling or non-statistical sampling? Why? Should Generally Accepted Auditing Standards prescribe specific risk levels that auditors must use? Why or why not?

  Problem on effective interest method

Gross proceeds from the offering amounted to $850,000,000. The discount on the Senior Discount Notes is being accreted under the effective interest method.

  Solex company manufactures three products from a common

solex company manufactures three products from a common input in a joint processing operation. joint processing costs

  Compute the npv-irr-payback for projects

However, it is also projected for Project B that in years three and four there will be an additional capital outlay of $100,000 for each year. Compute the NPV, IRR, Payback for both projects and select the best project. Show your work.

  Elson corporation a retail fuel oil distributor has

elson corporation a retail fuel oil distributor has increased its annual sales volume to a level three times greater

  You need to know how annuities work because many financial

you need to know how annuities work because many financial planners advise their clients to have them for retirement

  Lockwood company currently sells its deadbolt locks for 30

lockwood company currently sells its deadbolt locks for 30 each. the locks have a variable cost of 10 and the companys

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd