Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2) kingbird service corporation's december

2) Kingbird Service Corporation's December 31,2025 balance...

80.2K

Verified Solution

Question

Accounting

image
image
2)
image
Kingbird Service Corporation's December 31,2025 balance sheet reported the following: The average cost of the treasury shares was $10 per share. Answer the following questions: What was the average per share price at which the common stock was issued? The average issue price of the common shares was \$ Using muitiple attempts will impact your score. Attempts: 0 of 8 used 10% score reduction after attempt 5 Kingbird Service Corporation has 800,000 authorized shares of $20 par value common stock. As of June 30,2025, there were 480,000 shares issued and outstanding On June 30, 2025, the board of directors dechared a 50.50 per share cash dividend to be paid on August 1,2025 . Prepare the necessary journal entries to be recorded on (a) the date of declaration, (b) the date of record, and (c) the date of payment. (If no entry is required, select "No Entry" for the accouint tities and enter o for the amounts. Credit account titles are cutomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students