Additional Review Question for Chapter 11

Additional Review Question for Chapter 11 - 7. Issued par...

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Additional Review Question for Chapter 11 During 2007 Beard Corporation had the following transactions and events: 1. Issued par value preferred stock for cash at par value 2. Issued par value common stock for cash at an amount greater than par value 3. Completed a 2 for 1 stock split in which the $10 par value common stock was changed to $5 par value stock 4. Declared a small stock dividend when the market value was higher than the par value 5. Declared a cash dividend 6. Issued the shares of common stock required by the stock dividend declaration in 4. above
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Unformatted text preview: 7. Issued par value common stock for cash at par value 8. Paid the cash dividend Instructions Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders equity. Present your answers in tabular form with the following columns. Use (I) for increase, (D) for decrease, and (NE) for no effect. Paid-in Capital Capital Additional Retained Item Stock Paid-in Capital Earnings...
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This note was uploaded on 01/17/2009 for the course ACC 211 taught by Professor Bunch during the Fall '08 term at SUNY Albany.

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