subject
Business, 13.09.2019 05:30 anjali3544

On september 1, ziegler corporation had 50,000 shares of $5 par value common stock, and $1,500,000 of retained earnings. on that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. what would the general journal entry to record this transaction be: -debit retained earnings $750,000; credit common stock split distributable $750,000.-debit retained earnings $750,000; credit common stock $750,000.-debit retained earnings $250,000; credit common stock $250,000.-debit retained earnings $250,000; credit stock split payable $250,000.-no entry is made for this transaction.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:40
Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?
Answers: 3
question
Business, 22.06.2019 10:20
Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.
Answers: 1
question
Business, 22.06.2019 10:30
Marketing1. suppose the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million. topco, inc. has a planned market share of 10 percent. how many phones does topco have the potential to sell in this market? 20,0002. use the data from question 3 to calculate topco, inc.'s planned market share in dollars. $400,0003. atlantic car rental charges $29.95 per day to rent a mid-size automobile. pacific car rental, atlantic's main competitor, just reduced prices on all its car rentals. in response, atlantic reduced its prices by 5 percent. now how much does it cost to rent a mid-size automobile from atlantic? $28.45
Answers: 1
question
Business, 22.06.2019 11:30
Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)
Answers: 2
You know the right answer?
On september 1, ziegler corporation had 50,000 shares of $5 par value common stock, and $1,500,000 o...
Questions
question
Mathematics, 04.05.2020 22:58
question
Mathematics, 04.05.2020 22:58
question
Mathematics, 04.05.2020 22:58
question
Biology, 04.05.2020 22:58
question
Mathematics, 04.05.2020 22:58
question
Mathematics, 04.05.2020 22:58
Questions on the website: 13722359