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

Order of payments-bankruptcy and liquidation, ORDER OF PAYMENTS The ban...

ORDER OF PAYMENTS The bankrupt’s estate must be distributed in the following order. 1. Cost and charges: Costs and charges properly incurred in administering the estate mu

Show the nature of business operations, Q. Show the nature of business oper...

Q. Show the nature of business operations? The nature of business operations that influences the proportion of fixed costs to total costs. Capital intensive business operations

Bookkeeping, #explain the accounting cyclequestion..

#explain the accounting cyclequestion..

Survivorship policy, SURVIVORSHIP POLICY The partners may take out a su...

SURVIVORSHIP POLICY The partners may take out a survivorship policy to safeguard against future cashflow problems incase a partner dies or the business is dissolved. E.g. incas

Significant findings or issues, Significant Findings or Issues - Substanti...

Significant Findings or Issues - Substantive matters which are vital to procedures performed, conclusions reached or evidence obtained and include though aren't limited to: 1.

Calculate the standard cost and profit, Question: A company produces an...

Question: A company produces and sells a single product, the standard unit cost details of which are as follows: Direct material 2 kilos x Rs4.5 per kilo Direct labour 3 ho

What are the organization expenditures, Q. What are the Organization Expend...

Q. What are the Organization Expenditures? Organization Expenditures -Costs of organizing a business or trade or for profit activity before it begins active business. A taxpaye

Prior period adjustments, Q. Prior period adjustments a. may only increase ...

Q. Prior period adjustments a. may only increase retained earnings. b. may only decrease retained earnings. c. may either increase or decrease retained earnings. d. do not affect r

Goods at branch marked down, GOODS AT BRANCH MARKED DOWN, OR MARKED UP BY A...

GOODS AT BRANCH MARKED DOWN, OR MARKED UP BY AN ADDITIONAL AMOUNT If goods at the branch are not selling well, branch could be authorized by the Head office to mark-down the good

Write Your Message!

Captcha
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