Declared semiannual dividends of 150 on the preferred stock

Reference no: EM13572382

Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affect a company's total assets, liabilities, and stockholders' equity.

(1) Declaring a cash dividend

(2) Paying the cash dividend declared in (1)

(3) Declaring a stock dividend

(4) Issuing stock certificates for the stock dividend declared in (3)

D. Selected transactions completeted by Company during the current fiscal year are as follows:
1. Split the common stock 2 for 1 and reduced the par from $40 to $20 per share. After the split there were 250,000 common shares outstanding.

2. Declared semiannual dividends of $1.50 on 18,000 shares of preferred stock and $0.08 on the common stock to stockholders of the record on May 10, payable on June 9.

3. Paid the Cash Dividends

4. Declared semiannual dividends of $1.50 on the preferred stock and the $0.04 on the common stock ( before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $36.

5. Paid the cash Dividends and issued the certificates for the common stock dividend.

Reference no: EM13572382

Questions Cloud

The bond currently sells for 875 if the yield to maturity : altria group has decided to give you a 25-year 1000 par value bond which has a 8.5 annual coupon. the bond currently

Due to an error in computing depreciation expense prewitt : 1. to encourage employee ownership of the companys common shares kl corp. permits any of its employees to buy shares

Compute earnings per share for 2012 and 2011 for gerard and : the following information is available for gerard corporation.20122011current assets5400036000total

How do products costs affect the financial statements how : how do products costs affect the financial statements? how does the classification of product cost as an asset vs. an

Declared semiannual dividends of 150 on the preferred stock : indicate whether the following actions would increase - decrease or 0 not affect a companys total assets liabilities

Calculate the amount of interest expense that will appear : on january 1 2013 the mason manufacturing company began construction of a building to be used as its office

The bond has a 650 nominal yield to maturity but it can be : washington mutual has a bond outstanding with 15 years to maturity an 8.75 coupon paid semiannually and a 1000 par

Wilson oil company issued bonds five years ago at 1000 per : wilson oil company issued bonds five years ago at 1000 per bond. these bonds had a 25-year life when issued and the

Supply the correct amount for each answer box on the : the thompson corporation a manufacturer of steel products began operations on october 1 2011. the accounting department

User Account

All Pages