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Use the following information for #6 - 10: Motown shares issued & outstanding Par value of common Total dividend declared Date of declaration For
Use the following information for #6 - 10: Motown shares issued & outstanding Par value of common Total dividend declared Date of declaration For shareholders of record on For payment on $ 228,000 # common shares 1.00 $ 800,000 January 3, 20X9 January 21, 20X9 February 8, 20X9 6.) At the date of DECLARATION what is the impact on the ASSET section ONLY of the balance sheet. 7.) At the date of DECLARATION what is the impact on the LIABILITY section ONLY of the balance sheet. 8.) At the date of DECLARATION what is the impact on the STOCKHOLDER'S EQUITY section ONLY of the balance sheet. 9.) At the date of PAYMENT what is the impact on the ASSET section ONLY of the balance sheet. 10.) At the date of PAYMENT what is the impact on the STOCKHOLDER'S EQUITY section ONLY of the balance sheet.
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