
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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What is the difference between stocks issued and cash dividends declaration?
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- The value of anything can be determined if you know the amount and timing of related: Net Earnings EBT Cash Flows Earnings Per Share (EPS)arrow_forwardThe following account balances relate to the stockholders' equity accounts of Vaughn Corp. at year-end. Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively, for 2022 and 2021 Preferred stock, 5,000 shares, issued and outstanding Retained earnings (a) Net income $ (b) eTextbook and Media What was the amount of net income reported by Vaughn Corp. in 2022? Save for Later 2022 A small stock dividend was declared and issued in 2022. The market price of the shares issued was $11,500. Cash dividends of $16,900 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value. Common stock $ $162,600 Dividends 147,900 $ 301,300 2021 $138,200 147,900 253,300 Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022. Attempts: 0 of 5 used Submit Answerarrow_forwardDescribe the event of “stock dividend” in terms of cash flows and accounting entries to the Balance Sheet accounts.arrow_forward
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