On August 31, 2010 Victory Corporation's common stock is priced at $40 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Assume that the company declares and immediately distributes a 100% stock dividend.
| Common stock -$10 par value, 95,000 shares |
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| authorized, 35,000 shares issued and outstanding |
$350,000 |
| Paid-in capital in excess of par value, common stock |
130,000 |
| Retained earnings |
480,000
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Total stockholders' equity
#2)
A company has 40,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $470,000 and the par value per common share is $10. The book value per share is:?
#3)
Assume Garrison Guitar Company declared a $0.28 per share cash dividend and that the company has 25,000 shares authorized, 19,000 shares issued and 12,000 shares of common stock outstanding. The general journal entry to record the dividend declaration is: ?
#4)
A company paid $.95 in cash dividends per share. Its earnings per share is $3.0 and its market price per share is $35. Its dividend yield equals (rounded):?
#5)
A corporation issued 300 shares of its $5 par value common stock in payment of a $2,070 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:
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