ACCT 551 help A Guide to career/uophelp.com ACCT 551 help A Guide to career/uophelp.com | Page 33

E15-15 (Dividend Entries) The following data were taken from the
balance sheet accounts of Masefield Corporation on December 31, 2013.
(a) A 5% stock dividend is declared and distributed at a time when the
market price per share is $39.
(b) The par value of the common stock is reduced to $2 with a 5-for-1
stock split.
E15-16 (Computation of Retained Earnings) The following information
has been taken from the ledger accounts of Isaac Stern Corporation.
-------------------------------------------------------------------------------
ACCT 551 Week 6 Homework E16-6, E16-7, E16-12, E16-22
For more course tutorials visit
www.uophelp.com
E16-6 (Conversion of Bonds)
On January 1, 2014, Gottlieb Corporation issued $4,000,000 of 10-year,
8% convertible debentures at 102. Interest is to be paid semiannually on
June 30 and December 31. Each $1,000 debenture can be converted into