During 2014 Kenton Corporation Had the Following Transactions and Events

question 55

Short Answer

During 2014 Kenton 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:

Self-esteem

An individual's subjective evaluation of their own worth or value, often influenced by experiences, achievements, and comparisons to others.

Fixed Mindset

The belief that one's abilities, intelligence, and talents are fixed traits, leading individuals to avoid challenges and not develop their potential.

Growth Mindset

The belief that abilities and intelligence can be developed through dedication and hard work.

Disengagement

The process of withdrawing or detaching oneself emotionally, mentally, or physically from a task, role, or relationship.