Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Oct 2017 My Price 7.00

cash dividend

C. Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affect a company's total assets, liabilities, and stockholders' equity.

(1) Declaring a cash dividend

(2) Paying the cash dividend declared in (1)

(3) Declaring a stock dividend

(4) Issuing stock certificates for the stock dividend declared in (3)

 

D. Selected transactions completeted by Company during the current fiscal year are as follows:

 

1. Split the common stock 2 for 1 and reduced the par from $40 to $20 per share. After the split there were 250,000 common shares outstanding.

2. Declared semiannual dividends of $1.50 on 18,000 shares of preferred stock and $0.08 on the common stock to stockholders of the record on May 10, payable on June 9.

3. Paid the Cash Dividends

4. Declared semiannual dividends of $1.50 on the preferred stock and the $0.04 on the common stock ( before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36.

5. Paid the cash Dividends and issued the certificates for the common stock dividend.

JOURNALIZE THE TRANSACTIONS

Answers

(5)
Status NEW Posted 08 Oct 2017 11:10 PM My Price 7.00

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