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Permabilt Corporation was incorporated on January 1 , 2 0 2 2 , and issued the following stock for cash: 2 , 0 0 0
Permabilt Corporation was incorporated on January and issued the following stock for cash:
shares of nopar common stock were authorized; shares were issued on January at $ per share.
shares of $ par value, cumulative, preferred stock were authorized; shares were issued on January at $ per share.
No dividends were declared or paid during or However, on December the board of directors of Permabilt Corporation declared dividends of $ payable on February to holders of record as of January
Required:
Use the horizontal model for the issuance of common stock and preferred stock on January Indicate the financial statement effect.
Use the horizontal model for the declaration of dividends on December Indicate the financial statement effect.
Use the horizontal model for the payment of dividends on February Indicate the financial statement effect.Use the horizontal model for the issuance of common stock and preferred stock on January Indicate the financial statement effect.
Note: Enter decreases with a minus sign to indicate a negative financial statement effect.
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