Question

Use the statement of shareholders’ equity in Exhibit 10-6 to answer the following questions:
1. Make journal entries to record the declaration and payment of cash dividends during 2014.
2. How much cash did the issuance of preferred shares bring in during 2014?
3. What was the cost of the treasury shares that were purchased during 2014?


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  • CreatedJuly 08, 2015
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