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please solve all Uno Company has outstanding 52,000 common shares and 25,000, $2, preferred shares. On December 1, year 3, the board of directors voted
please solve all
Uno Company has outstanding 52,000 common shares and 25,000, $2, preferred shares. On December 1, year 3, the board of directors voted to distribute a $2 cash dividend per preferred share and a 5 percent common stock dividend on the common shares. At the date of declaration, the common share was selling at $40 and the preferred share at $25. The dividends are to be paid, or issued, on February 15, year 4. The company's fiscal year ends on December 31. Required: a. Explain the comparative effects of the two dividends on the assets, liabilities, and shareholders' equity through December 31, year 3. (Indicate the direction of the effect by selecting increase, decrease, or if an item is not affected select "No effect" from the dropdown menu.) Comparative Effects Explained Cash Dividend on Stock Dividend on Preferred Common Item Assets Liabilities Shareholders' equity b. Explain the comparative effects of the two dividends on the assets, liabilities, and shareholders' equity on February 15, year 4. (Indicate the direction of the effect by selecting increase, decrease, or if an item is not affected select "No effect" from the dropdown menu.) Comparative Effects Explained Cash Dividend on Stock Dividend on Preferred Common Item Assets Liabilities Shareholders' equity c. Explain the comparative effects of the two dividends on the assets, liabilities, and shareholders' equity the overall effects from December 1, 2017, through February 15, year 4. (Indicate the direction of the effect by selecting increase, decrease, or if an item is not affected select "No effect" from the dropdown menu.) Comparative Effects Explained Cash Dividend on Stock Dividend on Preferred Common Item Assets Liabilities Shareholders' equityStep by Step Solution
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