A corporation issues 7 500 shares of capital share as a dividend in an effort to reduce retained earnings. Before the dividend, 50 000 shares were authorized, 40 000 shares were issued, and 15 000 shares were held in the treasury. The dividend would be accounted for as a Select one: O a. small share dividend O b. large share dividend O c. property dividend d. share split
A corporation issues 7 500 shares of capital share as a dividend in an effort to reduce retained earnings. Before the dividend, 50 000 shares were authorized, 40 000 shares were issued, and 15 000 shares were held in the treasury. The dividend would be accounted for as a Select one: O a. small share dividend O b. large share dividend O c. property dividend d. share split
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 12MC: A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting...
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