Brady Company has 30,000 shares of $10 par value common stock authorized and 20,000 shares issued and outstanding. On August 13, 2019, Brady purchased 1,000 shares of treasury stock for $12 per share. Brady uses the cost method to account for treasury stock. On September 14, 2019, Brady sold 500 shares of the treasury stock for $14 per share.
In October 2019, Brady declared and distributed 2,000 shares as a stock dividend from unissued shares when the market value of the common stock was $16 per share.
On December 21, 2019, Brady declared a $1 per share cash dividend, payable on January 11, 2020, to shareholders of record on December 31, 2019.
Required:
Financial Accounting
Financial & Managerial Accounting
Corporate Financial Accounting
College Accounting, Chapters 1-27
Managerial Accounting: The Cornerstone of Business Decision-Making
Accounting Information Systems
Financial And Managerial Accounting
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Contemporary Marketing
Principles of Macroeconomics (MindTap Course List)
Essentials of Economics (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Management, Loose-Leaf Version
Brief Principles of Macroeconomics (MindTap Course List)
Principles of Economics (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
MKTG 12:STUDENT ED.-TEXT
Essentials of Business Communication (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Accounting Information Systems
Fundamentals of Financial Management (MindTap Course List)
Foundations of Business (MindTap Course List)
Financial & Managerial Accounting
Financial Accounting
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting (Text Only)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Statistics for Business & Economics, Revised (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Exploring Economics
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Survey of Accounting (Accounting I)
Corporate Financial Accounting
Cornerstones of Cost Management (Cornerstones Series)
Purchasing and Supply Chain Management
Economics (MindTap Course List)
Microeconomics
Practical Management Science
Macroeconomics
Economics For Today
Managerial Accounting
Cornerstones of Financial Accounting
Economics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Micro Economics For Today
Macroeconomics: Private and Public Choice (MindTap Course List)
Understanding Management (MindTap Course List)