Issued a 5 percent stock dividend on the common stock. The market value at the d

Question

Issued a 5 percent stock dividend on the common stock. The market value at the dividend declaration date was $38 per share.

Required

Record each of these events in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA) and net change in cash (NC). Use NA to indicate that an element is not affected by the event.

b.

Prepare the stockholders’ equity section of the balance sheet at the end of 2014.

[The following information applies to the questions displayed below.]    Concord Corp. completed the following transactions in 2014, the first year of operation:

Explanation / Answer

a.

b. Stockholders' equity:

Transaction no. OA/IA/FA Net change in cash 1. FA +561,000 2. FA +310,000 3. FA ? 4. NA No change in cash 5. NA No change in cash 6. OA +139,300

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