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PLEASE SHOW ALL WORK For each of the following independent transactions a through d, prepare the necessary journal entry (if necessary): Declared and paid a
PLEASE SHOW ALL WORK
For each of the following independent transactions a through d, prepare the necessary journal entry (if necessary): Declared and paid a $0.40 per share cash dividend on 200,000 shares of preferred stock outstanding. Declared and distributed a 5% stock dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25. Declared and distributed a 2-for-1 stock split on 500,000 shares of $10 par value common stock outstanding. Declared and distributed a 40% stock dividend on 400,000 common shares of $5 par value common stock outstanding. Market price per common share on this date was $20Step by Step Solution
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