Securities and Exchange Commission Assignment

Our professional writers will address all you homework
requirements and provide a quality paper with guarantees of 100% plagiarism free.
We provide 24/7 customer Support.

Order Research Paper In a Few Clicks



Get my paper done

By clicking “Get my paper done”, you agree to our terms of service and privacy policy. We’ll occasionally send you promo and account related emails.

Securities and Exchange Commission Assignment

Securities and Exchange Commission Assignment Damion Enterprises, Inc. has the following stockholders' equity section at 12/31/2018: Common stock, $10 par, 100,000 shares authorized, 20,000 shares issued and outstanding $200,000 Paid-in capital-common stock 700,000 Retained earnings 3.600.000 Total stockholders' equity $4,500,000 Damion splits its common stock 4-for-1 on 05/31/2019 when the value of its stock on the open market is $60 per share. The entry that Damion should make when this transaction takes place is as follows: Debit Stock Dividend Distributable $4,800,000, credit Common Stock $800,000, credit paid-in capital $4,000,000 Debit Cash $800,000, credit Common Stock $800,000 Debit Common Stock $800,000, credit Cash $800,000 No journal entry is necessary for a stock split. In addition to its common stock, Royale, Inc. sold cumulative preferred stock to shareholders at the

Securities and Exchange Commission Assignment

Damion Enterprises, Inc. has the following stockholders' equity section at 12/31/2018: Common stock, $10 par, 100,000 shares authorized, 20,000 shares issued and outstanding $200,000 Paid-in capital-common stock 700,000 Retained earnings 3.600.000 Total stockholders' equity $4,500,000 Damion splits its common stock 4-for-1 on 05/31/2019 when the value of its stock on the open market is $60 per share. The entry that Damion should make when this transaction takes place is as follows:
Securities and Exchange Commission AssignmentDebit Stock Dividend Distributable $4,800,000, credit Common Stock $800,000, credit paid-in capital $4,000,000 Debit Cash $800,000, credit Common Stock $800,000 Debit Common Stock $800,000, credit Cash $800,000 No journal entry is necessary for a stock split. In addition to its common stock, Royale, Inc. sold cumulative preferred stock to shareholders at the corporation's inception (i.e., at the first of Year 1). The dividend due to the preferred shareholders each year is $50,000. Royale did not pay any dividends to its shareholders in Year 1 or Year 2. In Year 3, a total dividend of $90,000 is declared and paid by Royale. The total dividend to be paid to preferred shareholders in Year 4 is $50,000. $90,000 $110,000 $150,000. The option to call a callable bond rests with the bondholder. the issuing corporation. either the bondholder or the issuing corporation, depending on the circumstances surrounding the issuance of the bond. the Securities and Exchange Commission. Get Accounting homework help today