Question
a) Hubbard Company issued 500,000 shares of common stock, $4 par, for $25 cash per share on March 31, 20X1. Prepare the journal entry. b)
a) Hubbard Company issued 500,000 shares of common stock, $4 par, for $25 cash per share on March 31, 20X1. Prepare the journal entry.
b) Hubbard Company declared and paid a cash dividend of $1 per share on March 31, 20X2. Prepare the journal entry. Assume only the 500,000 shares from requirement 1 are outstanding.
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Construction Auditing Planning Implementation Use
Authors: Peter Wotschke, Gregor Kindermann
1st Edition
3658388404, 978-3658388409
