Tugas 12 Dividend and Retained Earnings

Fakultas Program Studi Tatap Muka Kode MK Disusun Oleh
Bisnis dan Ekonomi Akuntansi 01710012 Dudi Abdul Hadi, H, SE, M.Si., Ak
12
TUGAS PERKULIAHAN
AKUNTANSI KEUANGAN
Judul Tugas Dividend and Retanined Earnings
Deskripsi
Mahasiswa mampu dengan tepat menjelaskan mengenai Dividend
and Retanined Earnings
Ketentuan
▪ Tugas bersifat openbook
▪ Diperbolehkan bertanya tetapi tidak diperbolehkan minta dibuatkan

Abstract
Luaran/Output
Mahasiswa mampu membuat contoh Dividend and Retanined

Earnings
Jadwal
Tugas dikumpulkan pada saat jam pelajaran
Penilaian Bobot
Bobot nilai yang digunakan adalah A – F dengan nilai tertinggi adalah

A dan terendah adalah F
Kriteria
1. Kesesuaian dan ketepatan format

2. Kecepatan Penyerahan Tugas
Daftar Pustaka 1. Financial accounting ninth edition wygandt kimmel, kieso

TUGAS
JAWAB PERTANYAAN-PERTANYAAN DI BAWAH INI DALAM WORD

ATAU KERTAS TERTULIS
Questions
1. Identify the events that result in credits and debits to retained earnings.
2. Indicate how each of the following accounts should be classifi ed in the stockholders’
equity section.
(a) Common stock.
(b) Paid-in capital in excess of par—common stock.
(c) Retained earnings.
(d) Treasury stock.
(e) Paid-in capital from treasury stock.
(f) Paid-in capital in excess of stated value—common stock.
(g) Preferred stock.
3. Jan Kimler maintains that adequate cash is the only requirement for the declaration of a
cash dividend. Is Jan correct? Explain.
4. (a) Three dates are important in connection with cash dividends. Identify these dates, and
explain their signifi cance to the corporation and its stockholders.
(b) Identify the accounting entries that are made for a cash dividend and the date of each
entry.
5. Contrast the effects of a cash dividend and a stock dividend on a corporation’s balance
sheet.
6. Rich Mordica asks, “Since stock dividends don’t change anything, why declare them?”
What is your answer to Rich?
7. What is the purpose of a retained earnings restriction? Identify the possible causes of
retained earnings restrictions
Brief Answer
BE1 Greenwood Corporation has 80,000 shares of common stock outstanding. It declares a
$1 per share cash dividend on November 1 to stockholders of record on December 1. The
dividend is paid on December 31. Prepare the entries on the appropriate dates to record the
declaration and payment of the cash dividend.
BE2 Langley Corporation has 50,000 shares of $10 par value common stock outstanding. It
declares a 15% stock dividend on December 1 when the market price per share is $16. The
dividend shares are issued on December 31. Prepare the entries for the declaration and
payment of the stock dividend.
BE3 The stockholders’ equity section of Pretzer Corporation consists of common stock ($10
par) $2,000,000 and retained earnings $500,000. A 10% stock dividend (20,000 shares) is
declared when the market price per share is $14. Show the before-and-after effects of the
dividend on the following.
(a) The components of stockholders’ equity.
(b) Shares outstanding.
(c) Par value per share.
BE11-10 For the year ending December 31, 2015, Soto Inc. reports net income $170,000 and
dividends $85,000. Prepare the retained earnings statement for the year assuming the
balance in retained earnings on January 1, 2015, was $220,000.
BE11-11 The balance in retained earnings on January 1, 2015, for Palmer Inc. was $800,000.
During the year, the corporation paid cash dividends of $90,000 and distributed a stock
dividend of $8,000. In addition, the company determined that it had understated its
depreciation expense in prior years by $50,000. Net income for 2015 was $120,000.
Prepare the retained earnings statement for 2015.
BE11-12 Pine Corporation has the following accounts at December 31: Common Stock, $10
par, 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par—Common Stock
$30,000; Retained Earnings $45,000; and Treasury Stock, 500 shares, $11,000. Prepare
the stockholders’ equity section of the balance sheet
EXERCISES
E11-21 Dirk Company reported the following balances at December 31, 2014: common stock
$500,000, paid-in capital in excess of par value—common stock $100,000, and retained
earnings $250,000. During 2015, the following transactions affected stockholders’ equity.
1. Issued preferred stock with a par value of $125,000 for $200,000.
2. Purchased treasury stock (common) for $40,000.
3. Earned net income of $180,000.
4. Declared and paid cash dividends of $56,000.
Instructions
Prepare the stockholders’ equity section of Dirk Company’s December 31, 2015, balance
sheet.
E11-22 In 2015, Pennington Corporation had net sales of $600,000 and cost of goods sold of
$360,000. Operating expenses were $153,000, and interest expense was $7,500. The
corporation’s tax rate is 30%. The corporation declared preferred dividends of $15,000 in
2015, and its average common stockholders’ equity during the year was $200,000.
Instructions
(a) Prepare an income statement for Pennington Corporation.
(b) Compute Pennington Corporation’s return on common stockholders’ equity for 2015.
PROBLEMS
P11-1A DeLong Corporation was organized on January 1, 2015. It is authorized to issue
10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common
stock with a stated value of $2 per share. The following stock transactions were completed
during the fi rst year.
Jan. 10 Issued 80,000 shares of common stock for cash at $4 per share.
Mar. 1 Issued 5,000 shares of preferred stock for cash at $105 per share.
Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was
$90,000. The fair value of the land was $85,000.
May 1 Issued 80,000 shares of common stock for cash at $4.50 per share.
Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $30,000
for services performed in helping the company organize.
Sept. 1 Issued 10,000 shares of common stock for cash at $5 per share.
Nov. 1 Issued 1,000 shares of preferred stock for cash at $109 per share.
Instructions
(a) Journalize the transactions.
(b) Post to the stockholders’ equity accounts. (Use J5 as the posting reference.)
(c) Prepare the paid-in capital section of stockholders’ equity at December 31, 2015.
P11-4A On January 1, 2015, Geffrey Corporation had the following stockholders’ equity
accounts.
Common Stock ($20 par value, 60,000 shares issued and outstanding) $1,200,000
Paid-in Capital in Excess of Par—Common Stock 200,000
Retained Earnings 600,000
During the year, the following transactions occurred.

Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15,
payable March 1.
Mar. 1 Paid the dividend declared in February.
Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36.
July 1 Declared a 10% stock dividend to stockholders of record on July 15, distributable
July 31. On July 1, the market price of the stock was $13 per share.
31 Issued the shares for the stock dividend.
Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15,
payable January 5, 2016.
31 Determined that net income for the year was $350,000.

Instructions
(a) Journalize the transactions and the closing entries for net income and dividends.
(b) Enter the beginning balances, and post the entries to the stockholders’ equity accounts.
(Note: Open additional stockholders’ equity accounts as needed.)
(c) Prepare a stockholders’ equity section at December 31.

Tugas 12 Dividend and Retained Earnings

Uploaded by

Copyright:

Available Formats

Tugas 12 Dividend and Retained Earnings

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Tugas 12 Dividend and Retained Earnings

Uploaded by

Copyright:

Available Formats

Fakultas Program Studi Tatap Muka Kode MK Disusun Oleh

Judul Tugas Dividend and Retanined Earnings

▪ Diperbolehkan bertanya tetapi tidak diperbolehkan minta dibuatkan

Mahasiswa mampu membuat contoh Dividend and Retanined

Tugas dikumpulkan pada saat jam pelajaran

Bobot nilai yang digunakan adalah A – F dengan nilai tertinggi adalah

1. Kesesuaian dan ketepatan format

Daftar Pustaka 1. Financial accounting ninth edition wygandt kimmel, kieso

JAWAB PERTANYAAN-PERTANYAAN DI BAWAH INI DALAM WORD

During the year, the following transactions occurred.

31 Determined that net income for the year was $350,000.

You might also like