Question
1) You should create a scenario for 3 separate transactions that address the following issues A-Issue stock at an amount above par value in the
1) You should create a scenario for 3 separate transactions that address the following issues
A-Issue stock at an amount above par value in the 3rd quarter,
B-Declare in quarter 2 and distribute in quarter 4 a property dividend, using an existing asset which has increased in value.
C-Repurchase shares to hold in Treasury and then reissue a portion of the shares for a different price.
You come up with the backstory and details for these transactions, providing me with a description of the transaction that provides enough detail for me to recalculate your numbers.
2) Record each transaction in proper general journal form, including the A,A,L,L, OE,OE arrows.
come up with 3 separate transactions one for each of the 3 above, and provide information and the numbers you used.
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