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answer with explanation please Question2 Below is the shareholders' equity section of Matt Co.'s balance sheet for December 31, 2018 and December 31, 2017. Matt
answer with explanation please
Question2 Below is the shareholders' equity section of Matt Co.'s balance sheet for December 31, 2018 and December 31, 2017. Matt uses the treasury stock method to account for repurchases. During 2017, Matt repurchased 1,000 shares at $10 per share December 31, 2018 130 173,870 (6,000) 54,000 222,000 December 31, 2017 100 149,900 (10,000) 53,000 193,000 Common Stock (par value $0.01) Paid-in Capital, in excess of par Treasury Stock Retained Earnings During 2018, the following events took place On January 17, Matt issued new common shares of stock to new investors for $8 per share On September 12, Matt reissued some of the shares it had in treasury for $7 per share On December 18, the company declared dividends to be paid to shareholders. The dividend will be paid on January 6, 2019 For the year 2018, Matt reported net income of $6,000 How many shares were issued on January 17, 2018? (5 points) 1. 2. How many shares were reissued on September 12, 2018? (5 points) 3. How much dividends did Matt declare on December 18, 2018? (5 points)
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