Equity

Question 1

What is the journal entry for large stock dividend?

Answer 1

Question 2

What is the journal entry for small stock dividend?

Answer 2

Question 3

What is the formula for allocation of partnership net income to partners

Answer 3

Question 4

What are the entries for treasury stock par value method?

Answer 4

Question 5

What are the journal entries to record stock rights?

Answer 5

Question 6

What are the journal entries for retained earnings?

Answer 6

Question 7

Each transaction will cause a decrease in stockholders equity except?

Answer 7

Things to remember:

Stockholders’ equity consists of several components, including contributed capital (eg, preferred and common stock, APIC), retained earnings, accumulated other comprehensive income, and treasury stock (a contra account to equity). If accounted for under the cost method, the sale(reissued) of treasury stock at less than cost will always result in an overall increase in stockholders’ equity.