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Practice · P1

Up, down, or no change?

Sort each event. Every miss tells you why.

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  1. 1.Issue common stock for cash

  2. 2.Declare a cash dividend

  3. 3.Pay a cash dividend already declared

  4. 4.Declare a small stock dividend

  5. 5.Stock split

  6. 6.Buy treasury stock

  7. 7.Reissue treasury stock above cost

  8. 8.Date of record for a declared dividend

  9. 9.Net income for the year

Practice · P1

Journalize the 10 situations yourself

0 of 10 solved

Issue 1,000 shares of $10 par common for $25 cash.

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