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Business, 14.08.2021 15:40 ewaltz74

For each of the following independent transactions a through d, prepare the necessary journal entry: (a) Declared a $0.40 per share cash dividend on 200,000 shares of preferred stock outstanding.

(b) Declared and distributed a 12% stock dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25.

(c) Declared and distributed a 2-for-1 stock split on 500,000 shares of $10 par value common stock outstanding.

(d) Declared and distributed a 30% stock dividend on 400,000 common shares of $5 par value common stock outstanding. Market price per common share on this date was $20.

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For each of the following independent transactions a through d, prepare the necessary journal entry:...
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