(Answered) Boise corporation issues a two for one disproportionate

Accounting

Boise Corporation issues a two for one disproportionate stock split. The original par value of the 10,000 common shares was $12 per share. The new par value for the 20,000 shares is $5 per share. Prepare the journal entry to record the disproportionate stock split.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91534715
Price:- $12

Verified Expert

Priced at $24 Now at $12, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Case study oneon 1 january 2017 nicolaidis ltd purchased

Case Study One: On 1 January 2017, Nicolaidis Ltd purchased two identical new machines at a total cost of $700 000 plus GST. It was estimated that the machines would have a useful life of 10 years and a residual value of ...

Question introduction you are a consultant hired by a

Question: Introduction: You are a consultant hired by a consumer products research company to analyze the packaging of various consumer products. Your first assignment is to go into a retail store and pick three products ...

Question - the following information is available for the

Question - The following information is available for the Starr Air Corporation: Sales - $750,000 Cost of goods sold - 410,000 Gross profit - 340,000 Operating Income - 85,000 Net Income - 42,000 Inventory, beginning yea ...

Question - dave has had a really good idea for a marketing

Question - Dave has had a really good idea for a marketing campaign for the business he works for. Unfortunately, he is been too busy to write down the idea but he tells his boss Mary about it all the same. Mary writes u ...

Question - the weaver manufacturing company incurred direct

Question - The Weaver Manufacturing Company incurred direct labor costs of $205,000, and manufacturing overhead amounted to $173,000 during the year ended 30 June 2018. Materials purchases for the year were $198,000. Ope ...

Question - kiddie world uses a periodic inventory system

Question - Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available for the quarter ending September 30, 2018: ...

Question - metlock corporation traded a used truck cost

Question - Metlock Corporation traded a used truck (cost $28,400, accumulated depreciation $25,560) for a small computer with a fair value of $4,686. Metlock also paid $710 in the transaction. Calculate the journal entry ...

Question - the samuel company uses the straight-line method

Question - The Samuel Company uses the straight-line method to depreciate its equipment. On May 1, 2014, the company purchased some equipment for $224,000. The equipment is estimated to have a useful life of ten years an ...

Question - greg owns and operates an illegal gambling

Question - Greg owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses during the year: Rent - $28,000 Bribes - $80,000 Travel - $16,000 Utilities - $24,000 W ...

Question - tony is in the 32 percent tax rate bracket and

Question - Tony is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: date purchased/shares/basis 07-10-2008/620/$32,240 04-20-2009/520/$30,056 01-29-2010/ ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert