What are the three relevant dates involving cash dividends? Describe each.
Answer to relevant QuestionsWhat is the effect on the accounting equation when a stock dividend is declared? What is the effect on the accounting equation when a stock dividend is distributed?Murray Corporation issued 40,000 shares of $ 3 par value common stock in exchange for a building with a market value of $ 180,000. Record the stock issuance.McDonald, Inc. had beginning retained earnings of $ 110,000 on January 1, 2014. During the year, McDonald declared and paid $ 80,000 of cash dividends and earned $ 60,000 of net income. Prepare a statement of retained ...The charter for KCAS-TV, Inc. authorizes the company to issue 100,000 shares of $ 4, no-par preferred stock and 500,000 shares of common stock with $ 1 par value. During its start-up phase, KCAS completed the following ...Stock transactions for Careful Driving School, Inc. follow: Mar. 4 Issued 22,000 shares of $ 1 par value common stock at $ 18 per share. May 22 Purchased 1,400 shares of treasury stock—common at $ 11 per share. Sep. 22 ...
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