During 2014, Pine Corporation Had the Following Transactions and Events

question 224

Essay

During 2014, Pine Corporation had the following transactions and events:
1. Issued par value preference shares for cash at par value.
2. Issued par value ordinary shares for cash at an amount greater than par value.
3. Completed a 2 for 1 share split in which the $10 par value ordinary shares were changed to $5 par value shares.
4. Declared a small share dividend when the market value was higher than the par value.
5. Declared a cash dividend.
6. Made a prior period adjustment for understatement of net income.
7. Issued par value ordinary shares for cash at par value.
8. Paid the cash dividend.
9. Issued the ordinary shares required by the share dividend declaration in 4. above.
Instructions
Indicate the effect(s) of each of the foregoing items on the subdivisions of equity. Present your answers in tabular form with the following columns. Use (I) for increase, (D) for decrease, and (NE) for no effect.

Understand the concept and application of field properties in database management.

Identify and describe the properties that can be set for various data types (Short Text, Number, Currency, etc.).

Recognize the implications of changing field properties on data integrity and user input requirements.

Understand how to utilize default values and input masks to streamline data entry and maintain consistency.

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Definitions:

Prototype

An original model or preliminary version of a product from which other forms are developed or copied.

American Midwest

A geographic region in the United States known for its agricultural industry, consisting of states in the central and northern parts of the country.

Pineapple

A tropical fruit with a tough, spiky exterior and sweet, juicy interior, known for its distinctive taste.

Kiwi

A flightless bird native to New Zealand, known for its small size and long beak.