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Please answer all 3 step by step i need to understand the material thank you E 1 4 . 1 8 ( LO 2 ,
Please answer all step by step i need to understand the material thank you ELO Groupwork Dividends and Stockholders' Equity Section Anne Cleves Company reported the following amounts in the stockholders' equity section of its December balance sheet. During Cleves took part in the following transactions concerning stockholders' equity. Paid the annual $ per share dividend on preferred stock and a $ per share dividend on common stock. These dividends had been declared on December Purchased shares of its own outstanding common stock for $ per share. Cleves uses the cost method. Reissued treasury shares for land valued at $ Issued shares of preferred stock at $ per share. Declared a stock dividend on the outstanding common stock when the stock is selling for $ per share. Issued the stock dividend. Declared the annual $ per share dividend on preferred stock and the $ per share dividend on common stock. These dividends are payable in Instructions a Prepare journal entries to record the transactions described above. b Prepare the December stockholders' equity section. Assume net income was $
Please answer all step by step i need to understand the material thank you
ELO Groupwork Dividends and Stockholders' Equity Section Anne Cleves Company reported the following amounts in the stockholders' equity section of its December
balance sheet.
During Cleves took part in the following transactions concerning stockholders' equity.
Paid the annual $ per share dividend on preferred stock and a $ per share dividend on common stock. These dividends had been declared on December
Purchased shares of its own outstanding common stock for $ per share. Cleves uses the cost method.
Reissued treasury shares for land valued at $
Issued shares of preferred stock at $ per share.
Declared a stock dividend on the outstanding common stock when the stock is selling for $ per share.
Issued the stock dividend.
Declared the annual $ per share dividend on preferred stock and the $ per share dividend on common stock. These dividends are payable in
Instructions
a Prepare journal entries to record the transactions described above.
b Prepare the December stockholders' equity section. Assume net income was $
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