Using the Column Headings Provided Below, Show the Effect, If $\$ 90$

question 39

Essay

Using the column headings provided below, show the effect, if any, of the transaction on each financial statement category by indicating whether it is an addition (+)or subtraction (-)and by showing the amount in the appropriate column.For the treasury stock column, show the effects, if any, of the transaction on total stockholders' equity.Do not show items that affect net income in the retained earnings column.You should assume that the transactions occurred in the chronological sequence as indicated.
(1.) Issued 600 shares of $\$ 90$ par value preferred stock in excharne for land that had ari appraised value of $\$ 64,000$ .
(2.) Issued 35,000 shares of $20 par value common stock for $24 per share.
(3.) Purchased 7,600 shares of common stock for the treasury at $20 per share.
(4.) Sold 5,000 shares of treasury stock purchased in transaction #3 for $22 per share.
(5.) Declared a cash dividend of $\$ 2.80$ per share on the cornmon stock outstanding, to be paid early next year.
(6.) Declared and issued a $5 \%$ stock dividend on the common stock when the market price per share of common stock was $26. $$\begin{array} { | c | l | l | l | l | l | l | l | } \hline & \text { Cush } & \begin{array} { c } \text { Other } \\\text { Assets }\end{array} & \text { Liabilities } & \begin{array} { c } \text { Paid-in } \\\text { Capital }\end{array} & \begin{array} { c } \text { Retningd } \\\text { Earnings }\end{array} & \begin{array} { c } \text { Treasury } \\\text { Stock }\end{array} & \begin{array} { c } \text { Net } \\\text { Income }\end{array} \\\hline 1 . & & & & & & & \\\hline 2 . & & & & & & & \\\hline 3 . & & & & & & & \\\hline 4 . & & & & & & & \\\hline 5 . & & & & & & & \\\hline 6 . & & & & & & & \\\hline\end{array}$$

Identify and explain various cognitive processes in early childhood, including egocentrism, transductive reasoning, and artificialism.

Describe Piaget’s stages of cognitive development and the tests associated with these stages, such as the three mountains test.

Understand operations and their characteristics according to Piaget, including operations, seriations, and heuristics.

Comprehend the process and significance of transductive reasoning in child development.

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Definitions:

Treasury Stock

Treasury stock consists of shares that were once part of the outstanding stock of a company but were later purchased back by the company from shareholders. These shares do not confer voting rights and do not pay dividends.

Paid-In Capital

The amount of capital "paid in" by investors during common or preferred stock issuances, including the par value of the shares and excess over par.

Stock Split

A process by which a corporation reduces the par or stated value of its common stock by issuing a proportionate number of additional shares.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the market capitalization remains unchanged.