Homework
Answer each question with a minimum of two to three sentences. Some prompts will require substantially more than that to fully respond. Be thorough when addressing each item and be sure to answer each part of the prompt. You should use only your textbook to support this activity. Please do not use an Internet search engine.
• Define the term "liabilities". Be sure to include the three crucial factors/characteristics of liabilities.
• What is capital stock, and on which financial statement would you find information about it?
• What is the difference between common stock and preferred stock?
• What is the difference between "authorized stock" and "issued and outstanding stock?"
• What is the difference between par value stock and nonpar value stock?
• What is meant when stock is issued at par? At a Premium? And at a Discount?
• What is the difference between a stock dividend and a stock split?
• What is the difference between cumulative preferred stocks and noncumulative preferred stocks?
• What is a cash dividend?
• What are the Journal entries for declaring and subsequently paying a dividend?
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.