On December 31, 2015, the shareholders' equity section of RUB Corporation reflected Common stock (par P10; authorized 60,000 shares, the following: outstanding 25,000 shares) Additional paid-in capital P250,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

7. Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements.

(see attached images for the given. someone already answer letter a so please answer letter b to d. please answer it all. thank you once again!)

On February 1, 2016, the Board of directors declared a 10% stock dividends to be issued
b. Prepare the shareholders' equity section immediately after the stock dividend was
d Prepare again the shareholders' equity immediately after the stock dividend was
On 31, 2015, the shareholders' equity section of RUB Corporation reflected
Common stock (par P10; authorized 60,000 shares,
distributed. Compare the accounts against no. 1 above and explain the effects of this
c. Compare with the accounts and figures given above and explain the effects of this
stock dividend on the a) assets, b) liabilities, and c) shareholders' equity.
distribution on the a) assets, b) liabilities, and c) shareholders' equity.
following
outstanding 25,000 shares)
Additional paid-in capital
Retained earnings
the follow
P250,000
12,000
75,000
on
Direction:
declared
Transcribed Image Text:On February 1, 2016, the Board of directors declared a 10% stock dividends to be issued b. Prepare the shareholders' equity section immediately after the stock dividend was d Prepare again the shareholders' equity immediately after the stock dividend was On 31, 2015, the shareholders' equity section of RUB Corporation reflected Common stock (par P10; authorized 60,000 shares, distributed. Compare the accounts against no. 1 above and explain the effects of this c. Compare with the accounts and figures given above and explain the effects of this stock dividend on the a) assets, b) liabilities, and c) shareholders' equity. distribution on the a) assets, b) liabilities, and c) shareholders' equity. following outstanding 25,000 shares) Additional paid-in capital Retained earnings the follow P250,000 12,000 75,000 on Direction: declared
1 Use the information in Exercise 6, but assume instead that a 20% stock dividend was
ot of the shoreholdere
Transcribed Image Text:1 Use the information in Exercise 6, but assume instead that a 20% stock dividend was ot of the shoreholdere
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Analytical Techniques
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education