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Need help with question 24! Thank you DUtT Cash dividends and stock dividends a. Reduce total assets d.) Reduce retained earnings b. Reduce total liabilities
Need help with question 24! Thank you
DUtT Cash dividends and stock dividends a. Reduce total assets d.) Reduce retained earnings b. Reduce total liabilities c. Reduce total S/E 23. A feature common to both stock splits and stock dividends is: a That there is no effect on total stockholders" equity . A reduction in the contributed capital of a corporation c. A transfer to earned capital of a corporation d. An increase in total liabilities of a corporation Panhandle Corporation was organized on January 3, 2015. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2015 they had the following transactions: 24. a. Issued 30,000 shares of common stock at $7 per share b. Issued 20,000 shares of common stock at $8 per share c. Reported a net income of $100,000 d. Paid dividends of $50,000. Calculate the following: A. Dollar amount in Common Stock B. Dollar amount in Additional Paid in Capital C. Dollar amount in Retained Earnings 6/ 210p00 160,000 329000
Need help with question 24! Thank you
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