The equity sections for Hovo Corp. at the beginning of the year (January 1) and end of

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The equity sections for Hovo Corp. at the beginning of the year (January 1) and end of the year (December 31) follow.

Stockholders' Equity (January 1) Common stock-$20 par value, 30,000 shares authorized, 17,000 shares issued and outstand

Stockholders' Equity (December 31) Common stock-$20 par value, 30,000 shares authorized, 19,000 shares issued, 1,000 sha


The following transactions and events affected its equity during the year.


Required

1. How many common shares are outstanding on each cash dividend date?

2. What is the total dollar amount for each of the four cash dividends?

3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?

4. What is the per share cost of the treasury stock purchased?

5. How much net income did the company earn this year?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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