Common stocks are the normal shares that are sold to investors giving them voting rights. Preferred stock is another kind of shares that usually guarantee a certain dividend, while the common shareholders only get as much of a dividend as the profits of the corporation make possible.
pay dividend before common stock
Yes if there is a clause while issuing common stock that stock holder can convert the common stock to preffered stock.
debit common stock of one typecredit common stock of other type
Common Stock is a Credit. Closing Stock is a Debit.
Yes, credits increases the common stock because common stock has credit as a normal balance of account.
declaration of a stock dividend
Common Stock normally has a Credit Balance.
Debit common stockCredit redemption of common stock account
Generally in the format of: Cash (cash paid up front) Common Stock Subscribed Receivable (remaining amount due) Common Stock Subscribed (Temporary 'Legal Capital' Account) Additional Paid In Capital - Common When fully paid, post: Cash (cash paid) Common Stock Subscribed Receivable Common Stock Subscribed Common Stock
Disclose the stock.
Yes
common stock, preferred stock, stock split