Chapter 13 Homework A (Question #8-10) Excercise 13-7 – Video

Posted: February 8, 2013 at 8:45 am


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Video Link: https://www.youtube.com/watch?v=WhHiJb7D3c0


Chapter 13 Homework A (Question #8-10) Excercise 13-7
On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock #39;s market value is $50 per share on February 5 before the stock dividend. The stock #39;s market value is $45 per share on February 28. 1. Prepare entries to record both the dividend declaration and its distribution. (Omit the "$" sign in your response.) 2. One stockholder owned 350 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder #39;s shares immediately before and after the stock dividend of February 5. (Do not round intermediate calculations. Round book value per share to 2 decimal places and other answers to the nearest dollar amount. Omit the "$" sign in your response.) 3. Compute the total market value of the investor #39;s shares in part 2 as of February 5 and February 28. (Omit the "$" sign in your response.)

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Chapter 13 Homework A (Question #8-10) Excercise 13-7 - Video

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February 8th, 2013 at 8:45 am

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