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Please complete the attached 10 accounting questions. Fill in all yellow boxes 1. 2. 3. 4. 5. 6. 7. 8. 9. 2) (a) Record the
Please complete the attached 10 accounting questions. Fill in all yellow boxes
1. 2. 3. 4. 5. 6. 7. 8. 9. 2) (a) Record the declaration of the property dividend. 3) (a) Record the entry on the date of record. 4) (a) Record the distribution of the property dividend. 5) (b) Record the declaration and distribution of the stock split effected in the form of a stock dividend. 6) (c) Record the declaration and distribution of the stock dividend. 7) (d) Record entry for cash dividend on preferred stock on date of declaration. 8) (d) Record the entry on the date of record. 9) (d) Record the payment of cash dividends to preferred shareholders. 10) (e) Record the declaration of cash dividends to common shareholders. 11) (d) Record the entry on the date of record. 12) (d) Record the payment of cash dividends to common shareholders. 10 his window shows what is correct and incorrect for the work you have completed so far. ven if all of the work you have done so far is correct, you may not have completed everything. 2 . value: 10.00 points The shareholders' equity of MLS Enterprises includes $260 million of no per common stock and $520 million of 5% cumulative preferred stock. The board of directors of MLS declared cash dividends of $80 million in 2016 after paying $22 million cash dividends in both 2015 and 2014. What is the amount of dividends common shareholders will receive in 2018? (Enter your answers In millions [l.e., 10,000,000 should be entered as 10).) Answer Is not complete Annual Preferred --- -m -m -a: ___ 1is window shows what is correct and incurred for the work you have completed so far. ren if all of the work you have done so far is correct, you may not have completed everything. 3. value: 5.00 points Agee Storage issued 26 million shares of its $1 par common stock at $11 per share several years ago. Last year, for the rst time. Agee reaoquired 1 million shares at $9 per share. Assuming that Agee retires shares it reaoquires (restores their status to that of authorized but unissued shares), by what amount will Agee's total paid-in capital decline if it now reaoquires 1 million shares at $16 per share? (Enter your answer in millions {i.e., 10,000,000 should be entered as 10).) Answer is complete but not entirely correct Investment in Leasco lntemational Paid-in capitalexcess of par, -: Paid-in capitalexcess of par --- Cash dividends payable m Decegnber Cash dividends payable 3- December . . Retained eamlngs J 289.224!- Cash dividends payable _: DeceBnber No journal entry required J-- 2. Prepare the shareholders' equity section of the balance sheet for Consolidated Paper, Inc. at December 31 . 2016. Net income for the year was $780,000. [Negative amounts should be Indicated by a minus sign.) Answer is complete but not entirely correct Paid-in capital: Preferred stock _ Commonstock _ Paid-in capitalexcess of par, Paid-in capitalexcess of par, J common Retained earnings J 8,194,736! Treasury stock J (41 .SUOW Total shareholders' equity $ 12,786,776 an if all of the work you have done so far is correct, you may not have completed everything. 2 . value: 1000 points The shareholders' equity of MLS Enterprises includes $260 million of no par common stock and $520 million of 5% cumulative preferred stock. The board of directors of MLS declared cash dividends of $60 million in 2016 after paying $22 million cash dividends in both 2015 and 2014. What is the amount of dividends common shareholders will receive in 2016? (Enter your answers In millions [l.e., 10,000,000 should be entered as 10].] Answer is complete but not entirely correct Annual Preferred --$ _ -m_zm "212\" r__Step by Step Solution
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