Entries for Stock Dividends and Stock Splits
Not what you're looking for?
The stockholders equity accounts of Lawrence Company have the following balances on December 31, 2010.
Common stock $10 par 200,000 shares issued and outstanding $2,000,000.
Paid-in Capital in excess of par $1,200,000.
Retained Earnings $5,600,000.
Shares of Lawrence Company stock are selling for $37.00 on the stock exchange.
Prepare the appropriate journal entry for the following cases:
A stock dividend of 5% is declared and issued.
A stock dividend of 100% is declared and issued.
A 2 for1 stock split is declared and issued
Purchase this Solution
Solution Summary
The "rule" and the JEs are given for you.
Solution Preview
For stock dividends, the reclass from RE to paid in capital accounts ...
Education
- BSc, University of Virginia
- MSc, University of Virginia
- PhD, Georgia State University
Recent Feedback
- "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
- "Thank, this is more clear to me now."
- "Awesome job! "
- "ty"
- "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Basics of corporate finance
These questions will test you on your knowledge of finance.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.