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Elementary,Middle School,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 307 Weeks Ago, 4 Days Ago |
Questions Answered: | 66690 |
Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following data were taken from the balance sheet accounts of Wickham Corporation on December 31, 2012. Current assets $540,000 Debt investments 624,000 Common stock (par value $10) 600,000 Paid-in capital in excess of par—common stock 150,000 Retained earnings 840,000 Prepare the required journal entries for the following unrelated items. (a)A 5% stock dividend is declared and distributed at a time when the market price is $39 per share. (b)The par value of the capital stock is reduced to $2 with a 5-for-1 stock split. (c)A dividend is declared January 5, 2013, and paid January 25, 2013, in bonds held as an investment. The bonds have a book value of $90,000 and a fair value of $125,000.
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