Cash Dividends on Common Stock Berkwild Company is authorized to issue 1,000,000 shares of common stock. At the beginning of 2019, Berkwild had 348,800 issued and outstanding shares. On July 2, 2019, Berkwild repurchased 1,310 shares of common stock. On March 1 and September 1, Berkwild declared a cash dividend of $1.10 per share. The dividends were paid on April 1 and October 1. Required: 1.  Prepare the entries to record the declaration of the two cash dividends. 2019 Mar. 1   fill in the blank 074ed9f9cfcefe3_2         fill in the blank 074ed9f9cfcefe3_4   (Record liability for dividends)     Sept. 1   fill in the blank 074ed9f9cfcefe3_6         fill in the blank 074ed9f9cfcefe3_8   (Record liability for dividends)     2.  Prepare the entries to record the payment of the two dividends. 2019 Apr. 1   fill in the blank ea873dfee06900c_2         fill in the blank ea873dfee06900c_4   (Record payment of dividends)     Oct. 1   fill in the blank ea873dfee06900c_6         fill in the blank ea873dfee06900c_8   (Record payment of dividends)     3.  Conceptual Connection: Explain why the amounts of the two dividends are different. The number of shares outstanding   due to the purchase of treasury stock on July 2.

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.