Procter & Gamble (P&G) brands touch the lives of people around the world in 180 countries and

Question:

Procter & Gamble (P&G) brands touch the lives of people around the world in 180 countries and territories. The P&G community consists of nearly 188,000 employees. In 2014, the company had 10 billion shares of authorized, 4 billion shares issued, and 3 billion shares outstanding. is $1 per share. P&G has been paying a for over 120 years and 2014 marks the 58th consecutive year that the Company has increased its that P&G declared a of $2.45 per share on October 1,2014, to stockholders of record on October 15. P&G paid the on October 20. Prepare journal entries as appropriate for each date.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...