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Accounting- Stockholder's equity




Stockholder?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. 5 th, 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 12 th, Mason Company declared a cash dividend of $0.50 per share of common stock.;On October 14 th, Mason Company issued a 2 for 1 stock split.;On May 15 th, 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#79954 | Written in 18-Jul-2015

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