Use the following to answer questions 23 - 26 J.T Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $1.00 par common stock. During 20XE, the company had the following transactions relating to shareholders' equity: Total Per share Shares Issued common stock (January) $20.00 300,000 Issued common stock (July) $22.00 200,000 Outstanding shares 490,000 Dividends declared $0.45 Treasury stock $25.00 Net income for the vear $650,000
Use the following to answer questions 23 - 26 J.T Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $1.00 par common stock. During 20XE, the company had the following transactions relating to shareholders' equity: Total Per share Shares Issued common stock (January) $20.00 300,000 Issued common stock (July) $22.00 200,000 Outstanding shares 490,000 Dividends declared $0.45 Treasury stock $25.00 Net income for the vear $650,000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 4PA: Wingra Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par...
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