A company originally issued 14,000 shares of $5 par value common stock at $12 per share The board of directors declares an 14% stock dividend when the market price of the stock is $25 a share. Which of the following is included in the entry to record the declaration of a stock dividend?
A) Stock Dividends is debited for $24,500.
B) Common Stock-$5 Par Value is credited for $47,040.
C) Common Stock is credited for $49,000.
D) Stock Dividends is debited for $49,000.
D .D) Stock Dividends (14,000 shares x 14% x $25 market price) = $49,000
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Littleton has four public relations specialists and office staff. At the beginning of 2016, Littleton estimated the total cost of salaries and benefits for the public relations specialists at $684,000 and a total of 7,200 billable hours for the year. The office and administrative costs were estimated at $432,000. The allocation base for office and administrative costs is billable hours. A new client is contracting with Littleton to promote a ballet tour in the United States Littleton estimates that the job will require 38 billable hours of specialist time. If Littleton wishes to have a 20% mark up on cost on the job, what price should Littleton quote to the client? A) $3,610 B) $2,280 C) $8,128 D) $2,238
What promotional efforts would a marketer be likely to employ if the communication objective was to encourage purchase of the product?
What will be an ideal response?