151.Woodruff Corporation has 170,000 shares of $10 par value common stock issued and outstanding. If Woodruff Corporation issued a 2-for-1 stock split, what dollar amount would be shown for common...





151.Woodruff Corporation has 170,000 shares of $10 par value common stock issued and outstanding. If Woodruff Corporation issued a 2-for-1 stock split, what dollar amount would be shown for common stock on the balance sheet after the stock split?






152.Gaston Corporation had 20,000 shares of $10 par common stock outstanding on January 1, 2013. On June 1, 2013 Gaston purchased 2,500 shares of its own stock on the open market for $22 per share and held it as treasury stock. On October 1, 2013 Gaston declared and issued a 10% stock dividend. The fair market value of Gaston's stock was $24 per share on October 1. Gaston's board of directors declared and paid a cash dividend of $24,000 on December 15, 2013.


a) Prepare the journal entry for the treasury stock purchase.
b) Prepare the journal entry for the stock dividend.
c) Prepare the journal entry for the cash dividend.
d) What was the per-share cash dividend paid on December 15?










May 15, 2022
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