Recording and Reporting Equity, Financial Accounting

Assignment Help:

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

Related Discussions:- Recording and Reporting Equity

The partnership deed, The Partnership Deed It is the agreement that reg...

The Partnership Deed It is the agreement that regulates the partner’s actions in undertaking the partnership business. This may or may not have been drawn up. It usually conta

Retirement of a partner, Retirement of a partner When one of the partners...

Retirement of a partner When one of the partners retires ante the others will continue trading, the n it is important that he gets a share of the goodwill that he helped create i

Asking price, The price stages are that at which sellers recruit securities...

The price stages are that at which sellers recruit securities to borrowers.

The petition-bankruptcy, THE PETITION Petition by debtor : If the de...

THE PETITION Petition by debtor : If the debtor presents his own petition, a receiving order is made at once without a court hearing and an adjudication order may also be ma

Dissolution-liquidation of companies, Dissolution If the winding up con...

Dissolution If the winding up continues for more than a year, the liquidator must file progress reports with the registrar at such intervals as the court may prescribe s.333. W

Artificial intelligence and neural networks, examine the resemblance betwee...

examine the resemblance between Artificial intelligence and neural networks

.which of the following is true, 1.Which of the following is true? A. Land ...

1.Which of the following is true? A. Land is depreciated using the straight line depreciation method B. Land is amortized using the declining balance method C. Land is depleted usi

Earn profit or incurred loss , Assure you have just started a Mobile sto...

Assure you have just started a Mobile store. You sell mobile sets and currencies of Airtel, Vodaphone, Reliance and BSNL. Take five transactions and prepare a position stateme

Cashflows from operating activities-group activities, Cashflows from operat...

Cashflows from operating activities operating activities are the principle revenue generating activities of the business and examples of such cashflows include: Cash re

Show the expatriation tax, Q. Show the Expatriation Tax? Expatriation T...

Q. Show the Expatriation Tax? Expatriation Tax - Individuals who loose or terminate their residency within 10 year period immediately preceding the close of a tax year, if term

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages