Week Two individual ACC423

Week Two individual ACC423 - A. B. nojournalentryismade....

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A.  no journal entry is made.    180,000,000.00  Worth 5 dollars each B.  90,000,000.00   Retained Earnings   90,000,000.00       Common stock    90,000,000.00          ( due to 100% dividend)  C.  The stock split increases the number of shares outstanding by issuing more shares at a
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 a lower par value. The dividend declared increases the amount of stocks outstanding by getting th
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hem off the books.  
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Dividends Pay (perferred) 20000 Dividends Pay (Common) 40000    Cash 60000 T Stock 68000    Cash  68000 Land 30000    T stock 28000    PIC from T Stock 2000 Cash 52500    Perferred Stock 50000    PIC in excess of par 2500 RE 85500    Common Stock 9500    PIC exces of par 76000 Common Stock Div 9500    Common Stock 9500 RE 66800    Div Pay Perferred 25000    Div Pay Common 41800 Anne Cleave Company Statement of Stockholders Equity December 31 2007
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Week Two individual ACC423 - A. B. nojournalentryismade....

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