The Shareholders' Equity Section of Starr Corporation at December 31

question 94

Essay

The shareholders' equity section of Starr Corporation at December 31, 2017, included the following: Dividends were not declared on the preferred shares in 2017 and are in arrears.On September 15, 2018, the board of directors declared dividends on the preferred shares for 2017 and 2018, to shareholders of record on October 1, 2018, payable on October 15, 2018.On November 1, 2018, the board of directors declared a $0.50 per share dividend on the common shares, payable November 30, 2018, to shareholders of record on November 15, 2018.InstructionsPrepare the journal entries that should be made by Starr Corporation on the following dates in 2018: September 15, October 1, October 15, November 1, November 15, and November 30. If no entry is needed write "No entry required."

Apply the net present value method to evaluate capital investment proposals.

Compute the internal rate of return for an investment.

Understand the advantages and limitations of different capital investment appraisal methods.

Calculate the present value of a single amount and an annuity.

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Definitions:

Flashbulb Memory

A highly detailed and vivid memory of an emotionally significant moment or event, which is believed to be recalled with high accuracy.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences, including their contexts and associated emotions.

Autobiographical Memory

Refers to a person's memory of specific episodes or events from their own life, often containing emotional and contextual details.

Ebbinghaus

Refers to Hermann Ebbinghaus, a psychologist who pioneered the experimental study of memory and discovered the forgetting curve and the spacing effect.