Posted: September 2nd, 2016
Treasury stock (at $20 fmv) $240,000.00
A.) A stock dividend of 10% is declared on common stock when the fair market value is $18. Prepare the je for the date of declaration of the stock dividend. Ignore any impact on preferred stock.
B.) After the je for the stock dividend is posted, what is the balance of the stockholder’s equity account?
3. Use the attached table to answer the questions below:
A. Label the headings of the bond amortization table and if there is a calculation for that column provide the formula:
A)
B)
C)
D)
E)
F)
G. Prepare the je for the date of issuance
H. Prepare the je for the interest payment for 02/29/09
I) Assume that on 12/31/2010 the company retires the bonds at 102 plus accrued interest. Provide the gain/loss calculation and the je’s needed.
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