Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2. value 10.00 points on june 13, the board of dir

2. value 10.00 points On June 13, the board of directors of Siewert...

50.1K

Verified Solution

Question

Accounting

image

2. value 10.00 points On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 60 million, $2 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $20 on June 13 Complete the below table to calculate the stock dividend. (Enter your answers in millions (i.e. 10,000,000 should be entered as 10).) Stock Dividend Number of outstanding shares Stock dividend percentage Number of shares to be issued Value of stock dividend Prepare the journal entry to record the stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

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

Geometry
1.2K views

Solve for x X 36 degrees 45 degrees 60 degrees 135 degrees O144 degrees

Programming
1.2K views

Problem 1. Write two computer programs to simulate a Unicode stream cipher that consists of both encryption and...

Advance Math
1.2K views

A batch of 50 different automatic typewriters contains exactly 10 defective machines. What is the probability...

Accounting
1.2K views

Based the elicitation process, do a strategic analysis on buying a table for a company Assess the...

Biology
1.2K views

Examine the figure True or False Snakes are tetrapods Hint tetra four pod foot Lizards...

Physics
1.2K views

placed vertically as shown A point charge Qo is placed at point O at a...

Basic Math
1.2K views

Wendy is a waitress and has $15,000 toinvest, and wishes to gain $4,200 in interestover...

Basic Math
1.2K views

The average family spends $112 at the grocery store each week with a standard deviation...

Statistics
1.2K views

3 A home furnishings store that sells bathroom furniture is conducting an end of month...

Algebra
1.2K views

C5.Q50 | Perpetuities. A property will provide $10,000 a year forever. Ifits value is $125,000,...

Accounting
1.2K views

help please! The debits to Work in...

Accounting
1.2K views

use those terms just change the words Levine Company uses the perpetual inventory...