Homework Answers
7. d. did not change.
With the declaration of Stock dividend, Common stock will increase and retained earnings will decrease with the same amount, Both are part of the Stockholders, so in total the amount will not change for stockholders equity
8.184,000 - (900 x 18) - 32,000
=135,800
9.Prefered Stock Dividend = 4,000 x 100 x 8% = 32,000
Dividends in Arrears for Prefered Stock holders = 16,000
Total Dividend to them = 48,000
Balance to Common stock holders = 60,000 - 48,000 = 12,000
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