Common Stock Dividend Distributable Use Which Par Value
The standard par value for stock is 001. Wendell Company provided the following pertaining to its accounting year that ended December 31 2019Common stock with a 10000 par value was sold for 46000 cash Cash dividends totaling 21400 were declared of which 16400 were paid Net income was 66000 A 5 stock dividend resulted in a common stock distribution which had a 5000 par value and a 24400. 2 Ch 13 Homework-roujiun chen. . A common stock dividend distributable is a dividend payable to the holders of a corporations common stock that has been declared by the entitys board of directors but not yet paid. Dividends distributable and paid-in excess of par-common stock. Paid-in Capital in Excess of Par Value Stock Dividends Common Stock Common Stock Dividends Distributable. Total paid-in capital. A common stock dividend distributable appears in the shareholders equity section of a balance sheet whereas retained earnings balance sheet...