Selected Dividend Transactions, Stock Split
Salected transactions completed by Canyon Ferry Boating Corporation during the eurrent figeal year are as follows:
Journalize the transactions.
Jan. Split the common stock for and reduced the par from $ to $ per share. After the split, there were common shares outstanding
Jan. No Entry Required
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Review the effect of stock splits on equity accounts.
Apr. Declared semiannual dividends of $ on shares of preferred stock and $ on the common stock payable on July
When a company declares a dividend it becomes legally binding.
July Paid the cash dividends.
July Cash Dividends Payable
What are the stockholders' receiving from the corporation?
Cash Dividends Gash Dividends
Cash Dividends Payable
Stack dividends Stack Dividends
Stack Dividends Distributable
Paid Capital Exass ParCommon Stack
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On the date of declaration of a cash dividend, it becomes legally binding. How do stock dividends affect stockholders' equity?
Dec. Paid the cash dividends and issued the cartificates for the common stock dividend.
Payment Cash Dividends Payable
Cash