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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 69
Cash Dividends, Stock Dividends, and Stock Splits
HiTech Manufacturing Company has 1,000,000 shares of $1 par value capital stock outstanding on January 1.he following equity transactions occurred during the current year:
a.repare journal entries to record the above transactions.
b.ompute the number of shares of capital stock outstanding at year-end.
c.hat is the par value per share of HiTech Manufacturing stock at the end of the year
d.etermine the effect of each of the following on total stockholders' equity: stock split, declaration and payment of a cash dividend, declaration and distribution of a stock dividend.Your answers should be either increase, decrease, or no effect.)
HiTech Manufacturing Company has 1,000,000 shares of $1 par value capital stock outstanding on January 1.he following equity transactions occurred during the current year:
a.repare journal entries to record the above transactions.
b.ompute the number of shares of capital stock outstanding at year-end.
c.hat is the par value per share of HiTech Manufacturing stock at the end of the year
d.etermine the effect of each of the following on total stockholders' equity: stock split, declaration and payment of a cash dividend, declaration and distribution of a stock dividend.Your answers should be either increase, decrease, or no effect.)
Explanation
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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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