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Vanesssajohn6294
03.01.2022 •
English
I- Major League Apparel has two classes of stock authorized: 6%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 1 2018, its first year of operations: January 2 Issue 110,000 shares of ordinary shares for $70 per share. February 14 Issue 60,000 shares of preferred shares for $12 per share. May 8 Repurchase 11,000 shares of its own ordinary shares for $60 per share. May 31 Reissue 5,500 shares of treasury shares for $65 per share. December 1 Declare a cash dividend on its ordinary shares of $0.25 per share and a $36,000 (6% of par value) cash dividend on its preferred shares payable to all stockholders of record on December 15. The dividend is payable on December 30.(Hint: Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on December 1. Required: 1. Record each of these transactions. 2. Prepare the stockholders'equity section of the balance sheet as of December 31, 2018. Net income for the year was $490,000.
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Ответ:
Irony is when the opposite of the expected outcome occurs. The answer would be C. The desire to make people safe leads to a future in which everyone is confined to their beds.
The idea would be that everyone would be save to live how they please, but being confined to their beds does not allow them any opportunity for life.
Hope this helps!!