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What accounts are affected when recording the issue date

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Reference no: EM132018694

Questions -

Q1. What is the difference between noncumulative and cumulative preferred stockholders? What does dividend in arrears mean?

Q2. Define:

Stock split

Stock dividend

Q3. How is a stock dividend different from a stock split?

Q4. Will retained earnings be affected when a company declares a stock dividend or stock split?

Q5. What is a contract rate?

Q6. What is a market rate?

Q7. What does it mean to issue bonds at par, discount, or premium?

Q8. What accounts are affected when recording the issue date of a discount bond? How about when recording interest and amortization? Please give the Journal Entries for these events

Q9. What accounts are affected when recording the issue date of a premium bond? What accounts are affected when recording interest and amortization? Please give the journal entries for these events.

Q10. What accounts are affected when a bond matures?

Reference no: EM132018694

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