On January 1, 2014, Pollo Company issued 1,000 shares of 4%, $ 100 par cumulative preferred stock
Question:
a. What is the journal entry to record the issuance of preferred stock?
b. What is the journal entry to record the declaration and payment of stock dividends in 2015? What foot-note disclosures are necessary for dividends in arrears in fiscal year 2015?
c. What footnote disclosures are necessary for dividends in arrears in fiscal year 2017?
d. What is the journal entry to record the declaration and payment of stock dividends in 2018?
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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