Question
Oct. 31. Declared semiannual dividends of $1.40 on the preferred stock and $0.14 on the common stock (before the stock dividend). In addition, a 1%
Oct. 31. Declared semiannual dividends of $1.40 on the preferred stock and $0.14 on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $47.
| Cash dividends | CashCash DividendsCash Dividends PayableCommon StockNo Entry RequiredCash Dividends | Cash Dividends | Cash Dividends |
| CashCash DividendsCash Dividends PayableCommon StockNo Entry RequiredCash Dividends Payable | Cash Dividends Payable | Cash Dividends Payable | |
| Stock dividends | Common StockNo Entry RequiredPaid-In Capital in Excess of Par-Common StockStock DividendsStock Dividends DistributableStock Dividends | Stock Dividends | Stock Dividends |
| CashCommon StockNo Entry RequiredStock DividendsStock Dividends DistributableStock Dividends Distributable | Stock Dividends Distributable | Stock Dividends Distributable | |
| CashCommon StockNo Entry RequiredPaid-In Capital in Excess of Par-Common StockStock DividendsPaid-In Capital in Excess of Par-Common Stock | Paid-In Capital in Excess of Par-Common Stock | Paid-In Capital in Excess of Par-Common Stock |
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Auditing For Managers The Ultimate Risk Management Tool
Authors: K. H. Spencer Pickett, Jennifer M. Pickett
1st Edition
0470090987, 978-0470090985
