Koffler Corp.reported the Following Shareholders' Equity

question 80

Essay

Koffler Corp.reported the following shareholders' equity:
Share capital:
Preferred shares,30,000 shares authorized,
Common shares,200,000 shares authorized,
Required:
a.The board of directors declared a 10% common stock dividend when the market price of the shares was $7 per share.Prepare the necessary journal entries to record the declaration and distribution of the common shares dividend.
b.What effect did the distribution of the common shares dividend have on:
c.Assuming all required preferred shares dividends have been paid,calculate the book value of a share of common shares before and after the common shares dividend.If Smith Jones owned 100 shares of Koffler's common shares before the stock dividend,what is the total book value of Smith's shares before and after the stock dividend?

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Definitions:

Leader Reward Behaviour

Actions taken by leaders to recognize and reward the performance and efforts of their team members.

Transactional Leader Behaviour

A style of leadership characterized by the exchange process between leaders and followers, where leaders provide rewards or punishments to followers based on their performance.

Transformational Leader Behaviour

Leadership practices that transform followers by increasing their awareness of the importance of their tasks and encouraging them to transcend their own interests for the good of the group.

Participative Leader Behaviour

A leadership style where leaders actively involve team members in the decision-making process and value their input and ideas.