Question;Accounting- Stockholder's equityStockholder?s Equity and Earnings Per Share:Problem 2: During 2012, Mason Company made the following common stock transactions (Class B Stock). For each of the following give the entry(s) that Mason Company would have made. The common stock has a par value of $10. (Each of the following scenarios are independent)On Jan. 5th, Mason Company issued a property dividend. Investments (Stock in the ABC Company) comprising of 1000 shares was issued. The stock has a fair market value of $25 per share. The stock cost Mason Company $20 per share. They issued the ABC Company stock one month later.On Feb. 14, Mason Company declared a 10% stock dividend (assume 92,623 shares of $10 par outstanding stock). On that date market value of the stock was $14. One month later they issued the common stock dividend.On August 12th, Mason Company declared a cash dividend of $0.50 per share of common stock.On October 14th, Mason Company issued a 2 for 1 stock split.On May 15th, Mason Company issued 5,000 shares of cumulative 8% preferred stock with a par value of $100 for $112 per share.Assume the following: At the end of the year there were 92,623 shares of common stock outstanding and 5,000 share of non-cummulative/ non-participating preferred stock outstanding. Mason Company wants to issue cash dividends totaling $77,050. Calculate how much goes to preferred stock holders and common stock holders.
Paper#37552 | Written in 18-Jul-2015Price : $29