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a . On June 1 , Sox Inc. declared a cash dividend of $ 2 . 5 0 per share on its 1 0 0
a On June Sox Inc. declared a cash dividend of $ per share on its outstanding shares
of common stock $ par The dividend is payable on June to stockholders of record on June
b FX Inc. holds shares of Den Co common stock, purchased in May for $ a share. On June
FX Inc. declared a property dividend of shares of Den Co common stock when the shares were
selling at $ per share. The carrying value of the shares on June is $ a share.
c Lox Inc. declared a common stock cash dividend of $ on August Lox Inc. announced to
shareholders that $ of the dividend amount was a return of capital.
d Vox Inc. has outstanding shares of $ par, cumulative, preferred stock and
shares of $ par common stock. Dividends are in arrears for one year. On June the board of
directors of Vox Inc. declared dividends of $ to be paid to shareholders at the end of the fiscal
year.
Record the entry for declaration of dividends for each of the four separate scenarios.
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