For Each of the Following Independent Transactions a Through D,prepare

question 172

Essay

For each of the following independent transactions a through d,prepare the necessary journal entry:
(a)Declared a $0.40 per share cash dividend on 200,000 shares of preferred stock outstanding.
(b)Declared and distributed a 12% stock dividend on 800,000 shares of $5 par value common stock outstanding.Market price per common share on this date was $25.
(c)Declared and distributed a 2-for-1 stock split on 500,000 shares of $10 par value common stock outstanding.
(d)Declared and distributed a 30% stock dividend on 400,000 common shares of $5 par value common stock outstanding.Market price per common share on this date was $20.

---

Definitions:

Temporary Solutions

Short-term fixes intended to address problems until more permanent solutions can be implemented.

Integrative Negotiation

A negotiation strategy focused on collaborating with the other party to find solutions that satisfy the interests of all parties involved.

Superordinate Goals

Objectives that require the cooperation and effort of two or more groups or individuals, which can help reduce conflict by establishing common interests.

Common Goal

A shared objective or aim that is pursued by a group or organization, uniting the efforts of all involved towards its achievement.