Declared semiannual dividends of 150 on the preferred stock

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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

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