Unformatted text preview: is is a More Inclusive Statement than
the Statement of Retained Earnings. Stockholders’ Equity Section
of the Balance Sheet Extraordinary Items
Are these considered Extraordinary Items?
Effects of major natural casualties, if
rare in the area. YES Effects of major natural casualties,
not uncommon in the area. NO Write-down of inventories or write-off
Expropriation (takeover) of property
by a foreign government. NO YES Extraordinary Items
Are These Considered Extraordinary Items?
Losses attributable to labor strikes.
Effects of a newly enacted law or
regulation, such as a condemnation
Gains or losses from sales of property,
plant, or equipment. NO YES NO Dividends
Entries for cash dividends are required on the:
a. Declaration Date & The Record Date.
b. Record Date & The Payment Date.
c. Declaration Date, Record Date, & Payment
d. Declaration Date & The Payment Date. Review
Vista, Inc. had 300,000 Shares of common
stock outstanding when a 30% Stock Dividend
was Declared & Issued.
shares were outstanding after the stock
d. 309,000 Dividends
Review Question a.
d. Which Of These Statements About
Stock Dividends Is True?
Stock dividends reduce a company’s cash
A stock dividend has no effect on total
A stock dividend decreases total stockholders’
A stock dividend ordinarily will increase total
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This document was uploaded on 03/12/2014 for the course ACCOUNTING 101 at Fullerton College.
- Spring '11
- Financial Accounting