On January 1, 2017, Frederiksen Inc.’s Stockholders’ Equity category appeared as follows:

On January 1, 2017, Frederiksen Inc.’s Stockholders’ Equity category appeared as follows:

Best Custom Essay Writing Services | EssayBureau.com

The preferred stock is noncumulative and nonparticipating. During 2017, the following transac-tions occurred:
a. On March 1, declared a cash dividend of $16,800 on preferred stock. Paid the dividend on April 1.
b. On June 1, declared a 5% stock dividend on common stock. The current market price of the common stock was $18. The stock was issued on July 1.
c. On September 1, declared a cash dividend of $0.50 per share on the common stock; paid the dividend on October 1.
d. On December 1, issued a 2-for-1 stock split of common stock when the stock was selling for $50 per share.
Required
1. Explain each transaction’s effect on the stockholders’ equity accounts and the total stock-holders’ equity.
2. Develop the Stockholders’ Equity category of the December 31, 2017, balance sheet.Assume that the net income for the year was $650,000.
3. Write a paragraph that explains the difference between a stock dividend and a stock split.

find the cost of your paper

High-performing teams are teams whose members have specific roles and complementary talents and skills and are aligned in purpose such that they consistently produce superior results

High-performing teams are teams whose members have specific roles and complementary talents and skills and are aligned in purpose such that they consistently produce superior results. A high-performing team can make….

You are a line manager in a medium-size marketing organisation that creates innovative visuals for companies.

You are a line manager in a medium-size marketing organisation that creates innovative visuals for companies. You have to pitch your idea to a new large corporate company that may….

CA City Hotel is looking at changing its liquor licence to include off premise consumption of alcohol, as this was not on the original licence application.

CA City Hotel is looking at changing its liquor licence to include off premise consumption of alcohol, as this was not on the original licence application. They are wanting to….