Company X Has 12 Million Shares of Common Shares Authorized

question 118

Essay

Company X has 12 million shares of common shares authorized with a par value of $3 and a market price of $116.Seven million shares are outstanding.The company declares a 12' dividend.Prepare the journal entry and show the effect on assets,liabilities,and shareholders' equity at the time of declaration and at the time of payment.

Recognize the effects of employment and anti-poverty programs on family socioeconomic standing.

Define and explain prejudice and its manifestations in society.

Understand the causes and treatment modalities for common pediatric skin conditions.

Recognize the symptoms and clinical manifestations of common childhood illnesses and skin infections.

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Definitions:

Currently Selling

Refers to goods or products that are actively being marketed and sold by a company.

Foreseeable Future

A term used to describe a period of time in which events are predicted or expected to occur.

Market Return

The total return on an investment, reflecting both capital gains and dividends, over a specific period.

Required Return

The return a investor expects to earn on an investment, taking into account the risk associated with it.