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Please prepare the statement of stockholder's equity as of December 31,2021 reflecting all cash and stock dividend. please explain. TY! At December 31, 2020, The
Please prepare the statement of stockholder's equity as of December 31,2021 reflecting all cash and stock dividend. please explain. TY!
At December 31, 2020, The Dontfalemy Company had the following elements of shareholders equity in its accounting records, before the company's board of directors declared dividends for the year: 2 1)po On December 31, 2020, the board of directors declared (1) the preferred stock dividend for the year, (2) a cash dlvidend of $1 per share for the common shareholders, and (3) a 10% common stock dividend for the holders of record at February 1, 2021, when the market value was $10 per share. The dividend was distributed on March 1 , 2021, with 25% of the stock dividend distributed as fractional-share rights. On April 1, 2021, one-half of the fractional-share rights were converted into common stock, and the remainder of the fractional-share rights expired Step by Step Solution
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