Which one of the following events would not require a formal journal entry on a

Question

Which one of the following events would not require a formal journal entry on a corporation's bool 2 for 1 stock split 100% stock dividend 2% stock dividend $1 per share cash dividend Dividends Payable is classified as a long-term liability. contra stockholders' equity account to Retained Earnings. current liability. stockholders' equity account. Somento Forest Inc. has 10,000 shares of 6%, $100 par value, cumulative preferred stock are shares of $1 par value common stock outstanding at December 31, 2017. What is the annual on the preferred stock? $60 per share $60,000 in total $100,000 in total $0.60 per share

Explanation / Answer

11 d (20000-60) 19940 12 d 13 d 14 TRUE 15 a 16 c

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