Scribd Logo
Upload

Welcome to Scribd!

  • 8 views

    At December 31 2013 Maloney Corp Reported The Following Shareholders PDF

    Uploaded by

    hassan taimour

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    At December 31 2013 Maloney Corp Reported The Following Shareholders PDF

    Uploaded by

    hassan taimour
    8 views1 page

    Original Title

    at-december-31-2013-maloney-corp-reported-the-following-shareholders.pdf

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    8 views1 page

    At December 31 2013 Maloney Corp Reported The Following Shareholders PDF

    Uploaded by

    hassan taimour

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    At December 31 2013 Maloney Corp reported the following

    shareholders #652
    At December 31, 2013, Maloney, Corp. reported the following shareholders’
    equity.Shareholders’ EquityShare Capital:Common Shares, unlimited number of shares
    authorized,200,000 shares issued and 180,000 outstanding ... $5,600,000Stock Dividends
    Distributable ....... 270,000Retained Earnings .............. 690,000Less: 20,000 Treasury Shares
    ........... (560,000)Total Shareholders’ Equity ............ $6,000,000During 2014, Maloney, Corp.
    completed these transactions and events:Jan 20 Distributed stock dividends (5% of outstanding
    common shares), which were declared on December 1, 2013.May 1 Issued 21,000 common
    shares at $31 per share.Sep 30 Declared cash dividends of $1 per share.Oct 31 Paid cash
    dividends declared on September 30.Dec 20 Declared a 2-for-1 stock split.Dec 31 Net income
    for the year was $240,000.Requirements1. What is the market price per share on December 1,
    2013?2. Prepare journal entries to record the above transactions.3. Prepare Maloney’s
    shareholders’ equity section of the balance sheet at December 31, 2014.4. Prepare Maloney’s
    statement of shareholders’ equity for 2014.View Solution:
    At December 31 2013 Maloney Corp reported the following shareholders

    ANSWER
    http://paperinstant.com/downloads/at-december-31-2013-maloney-corp-reported-the-following-
    shareholders/

    1/1
    Powered by TCPDF (www.tcpdf.org)

    You might also like