Business, 20.03.2021 02:50, isaiahcannon2803

The Western Pipe Company has the following capital section in its balance sheet. Its stock is currently selling for $5 per share. Common stock (50,000 shares at $2 par)$100,000
Capital in excess of par 100,000
Retained earnings 250,000
Total equity$450,000
The firm intends to first declare a 10 percent stock dividend and then pay a 20-cent cash dividend (which also causes a reduction of retained earnings).

Show the capital section of the balance sheet after the first transaction and then after the second transaction. (Do not round intermediate calculations and round your answers to the nearest whole dollar.)

Western Pipe Co.

After Srock Dividend

common stock:

Capital in excess of par:

Retained earnings:

Total equity:

Western Pipe Co.

After Stock Dividend

Common stock:

Capital in excess of par:

Retained earnings:

Total equity:

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:10, chloeholt123

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

Answers: 2

continue

Business, 22.06.2019 16:20, AnhQNguyen6764

The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.

Answers: 1

continue

Business, 23.06.2019 00:10, jlang8

The food services division of cedar river amusement park inc. is studying the amount families who visit the amusement park spend per day on food and drink. a sample of 40 families who visited the park yesterday revealed they spent the following amounts: see worksheet 1 for data and answer the following questions: a. organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. what class interval did you select? b. what percent of families spent less than $45? c. what percent of families spent $55 or more? d. how many families spent from $65 to 74.99?

Answers: 3

continue

Business, 23.06.2019 00:40, doublejojo214

What role do business cycles play in a market economy

Answers: 2

continue

Do you know the correct answer?

The Western Pipe Company has the following capital section in its balance sheet. Its stock is curren...