on jan 1,2022, crane corporation had $1355000of common stock oitstanding that was issued at par....

50.1K

Verified Solution

Question

Accounting

on jan 1,2022, crane corporation had $1355000of common stock oitstanding that was issued at par. it also had retained earnings of 746000. the company issued 36500 shares of common stock at par on july 1 and earned net income of 410000 for the year. journalize the declaration of 16% stock dividend on december 10,2022 for the following independent assumptions. par value is $10 and market price is $18. par value is $ 5 and market price is $22

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