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#9 Please review my answers. I need help with part G. The rest as you can see are: correct, but still, review them. Thank you
#9
Please review my answers. I need help with part G. The rest as you can see are: correct, but still, review them. Thank you for your help.
[The following information applies to the questions displayed below,] Refer to the following transactions. a. Sold 10,000 previously unissued shares of $1 par value common stock for $18 per share. b. issued 2,000 shares of previously unissued 8% cumulative preferred stock, $40 par value, in exchange for land and a building appraised at $80,000 c. Declared and paid the annual cash dividend on the preferred stock issued in transaction b. d. Purchased 500 shares of common stock for the treasury at a total cost of $9,500. e. Declared a cash dividend of $0.15 per share on the common stock outstanding f. Sold 260 shares of the treasury stock purchased in transaction d at a price of $20 per share. g. Declared and issued a 3% stock dividend on the common stock issued when the market value per share of common stock was $21. h. Split the common stock 3 for 1Step by Step Solution
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