Question: Answer the 10 questions. At least a 2-3 sentence answer 1. What is the difference between noncumulative and cumulative preferred stockholders? What does dividend in

Answer the 10 questions. At least a 2-3 sentence answer

Answer the 10 questions. At least a 2-3 sentence answer 1. What

1. What is the difference between noncumulative and cumulative preferred stockholders? What does dividend in arrears mean? 2. Define: stock split stock dividend 3. How is a stock dividend different from a stock split? 4. Will retained earnings be affected when a company declares a stock dividend or stock split? 5. What is a contract rate? 6. What is a market rate? 7. What does it mean to issue bonds at par, discount, or premium? 8. What accounts are affected when recording the issue date of a discount bond? How about when recording interest and amortization? Please give the Journal Entries for these events 9. What accounts are affected when recording the issue date of a premium bond? What accounts are affected when recording interest and amortization? Please give the journal entries for these events 10. What accounts are affected when a bond matures

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