During 2018, Pink Corporation Had the Following Transactions and Events

question 76

Essay

During 2018, Pink Corporation had the following transactions and events:
1. Issued par value preferred stock for cash at par value.
2. Issued par value common stock for cash at an amount greater than par value.
3. Completed a 2 for 1 stock split in which the $10 par value common stock was changed to $5 par value stock.
4. Declared a small stock dividend when the market value was higher than the par value.
5. Declared a cash dividend.
6. Issued the shares of common stock required by the stock dividend declaration in 4 above.
7. Issued par value common stock for cash at par value.
8. Paid the cash dividend.
Instructions
Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders' equity. Present your answers in tabular form with the following columns. Use (I) for increase, (D) for decrease, and (NE) for no effect.

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Definitions:

Tardiness Records

Documentation or logs that track instances of being late, often used in educational or occupational settings.

School Administrator

An individual involved in the management and supervision of a school, including responsibilities like policy implementation and staff coordination.

Selection Differences

The biased allocation of participants into groups in an experimental design, which can affect the outcome.

Researchers

Individuals who conduct studies and investigations to discover new information and insights.