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Identify Each of the Following Situations Using the Following Items

Question 125

Short Answer

Identify each of the following situations using the following items.Each item is used only once.
a.stock split
b.stock dividend
c.treasury stock
d.cash dividend
e.dividends in arrears
______ 1.Team Shirts exchanged two shares of new stock for every share of existing stock.
______ 2.U Bet,Inc.skipped this year's dividends for preferred stock.
______ 3.Team Shirts paid $1.00 to each shareholder.
______ 4.Team Shirts gave one share of stock for every 10 shares outstanding.
______ 5.Team Shirts bought 300 shares of Team Shirts' stock.

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