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Journal Entry Needed? Event/Transaction Yes No A newly incorporated company authorizes (a) 250,000 shares. 30,000 shares that were authorized in (a) (b) are issued but at their par value. A company repurchases 5,000 of their (c) outstanding shares. The ex-dividend date for a cash dividend (d) arrives. (e) A company declares a stock dividend. (f) |A company pays a cash dividend. A company completes a 3-for-1 stock split. (g) A company sees that their stock is selling (h) for $10 per share more than their recorded par value. A company has cumulative preferred stockholders, but decides not to pay a (i) dividend in the current year. This creates dividends in arrears. The company distributes the stock dividend (G) declared in (e.) A company issues a contract to a new recording artist to produce a number of (k) albums over the next five years at $1 illiee

Journal Entry Needed? Event/Transaction Yes No A newly incorporated company authorizes (a) 250,000 shares. 30,000 shares that were authorized in (a) (b) are issued but at their par value. A company repurchases 5,000 of their (c) outstanding shares. The ex-dividend date for a cash dividend (d) arrives. (e) A company declares a stock dividend. (f) |A company pays a cash dividend. A company completes a 3-for-1 stock split. (g) A company sees that their stock is selling (h) for $10 per share more than their recorded par value. A company has cumulative preferred stockholders, but decides not to pay a (i) dividend in the current year. This creates dividends in arrears. The company distributes the stock dividend (G) declared in (e.) A company issues a contract to a new recording artist to produce a number of (k) albums over the next five years at $1 illiee

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Answer yes or no for d, e and f and the other ones if possible

Journal Entry Needed? Event/Transaction Yes No A newly incorporated company authorizes (a) 250,000 shares. 30,000 shares that were authorized in (a) (b) are issued but at their par value. A company repurchases 5,000 of their (c) outstanding shares. The ex-dividend date for a cash dividend (d) arrives. (e) A company declares a stock dividend. (f) A company pays a cash dividend. (g) A company completes a 3-for-1 stock split. A company sees that their stock is selling (h) for $10 per share more than their recorded par value. A company has cumulative preferred stockholders, but decides not to pay a (i) dividend in the current year. This creates dividends in arrears. The company distributes the stock dividend (i) declared in (e.) A company issues a contract to a new recording artist to produce a number of (k) albums over the next five years at $1 million per album.
Transcribed Image Text:Journal Entry Needed? Event/Transaction Yes No A newly incorporated company authorizes (a) 250,000 shares. 30,000 shares that were authorized in (a) (b) are issued but at their par value. A company repurchases 5,000 of their (c) outstanding shares. The ex-dividend date for a cash dividend (d) arrives. (e) A company declares a stock dividend. (f) A company pays a cash dividend. (g) A company completes a 3-for-1 stock split. A company sees that their stock is selling (h) for $10 per share more than their recorded par value. A company has cumulative preferred stockholders, but decides not to pay a (i) dividend in the current year. This creates dividends in arrears. The company distributes the stock dividend (i) declared in (e.) A company issues a contract to a new recording artist to produce a number of (k) albums over the next five years at $1 million per album.
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