Dalances ofn January Common stock, $20 stated value (500,000 shares authorized, 399,000 shares issued) $7,980,000 Paid-In Capital in Excess of Stated Value-Common Stock 877,800 Retained Earnings 34,554,000 Treasury Stock (22,500 shares, at cost) 382,500 The following selected transactions occurred during the year. 22 Paid cash dividends of $0.07 per share on the common stock. The dividend had been properly Jan. recorded when declared on December 1 of the preceding fiscal year for $26,355. Аpr. 10 Issued 73,000 shares of common stock for $23 per share. Sold all of the treasury stock for $26 per share. Jun.
Dalances ofn January Common stock, $20 stated value (500,000 shares authorized, 399,000 shares issued) $7,980,000 Paid-In Capital in Excess of Stated Value-Common Stock 877,800 Retained Earnings 34,554,000 Treasury Stock (22,500 shares, at cost) 382,500 The following selected transactions occurred during the year. 22 Paid cash dividends of $0.07 per share on the common stock. The dividend had been properly Jan. recorded when declared on December 1 of the preceding fiscal year for $26,355. Аpr. 10 Issued 73,000 shares of common stock for $23 per share. Sold all of the treasury stock for $26 per share. Jun.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...
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