Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Sep 2017 My Price 9.00

Storage Company

The stockholders’ equity section of Rigby Moving and Storage Company’s balance sheet as of December 31, 20x6, appears at the top of the next page. The company engaged in the following stockholders’ equity transactions during 20x7:g

 

Mar. 5

Declared a $.40 per share cash dividend to be paid on April 6 to

 

stockholders of record on March 20.

20

Date of record.

 

Contributed capital

 

Common stock, $2 par value, 3,000,000 shares

 

authorized, 500,000 shares issued and outstanding

$1,000,000

Additional paid-in capital

400,000

Total contributed capital

$1,400,000

Retained earnings

1,080,000

Total stockholders’ equity

$2,480,000

 

Apr. 6

Paid the cash dividend.

June 17

Declared a 10 percent stock dividend to be distributed August 17 to

 

stockholders of record on August 5. The market value of the stock

 

was $14 per share.

Aug. 5

Date of record.

17

Distributed the stock dividend.

Oct. 2

Split its stock 2 for 1.

Dec. 27

Declared a cash dividend of $.20 payable January 27, 20x8, to stock-

 

holders of record on January 14, 20x8.

Required

1. Record the 20x7 transactions in journal form.

2. Prepare the stockholders’ equity section of the company’s balance sheet as of December 31, 20x7. Assume net income for the year is $400,000.

3. User Insight: If you owned some shares of Rigby, would you expect the total value of your shares to go up or down as a result of the stock dividends and stock split? What intangibles might affect the stock value?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Sep 2017 05:09 PM My Price 9.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)
Relevent Questions