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Current Attempt in Progress On December 31, 2023, Cullumber Corporation, a public company, had the following shareholders' equity accounts: During the year, the following transactions
Current Attempt in Progress On December 31, 2023, Cullumber Corporation, a public company, had the following shareholders' equity accounts: During the year, the following transactions occurred: Jan. 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15. July 1 Announced a 3-for-2 stock split. The market price per share on the date of the announcement was $18. Dec. 15 Declared a 10\% stock dividend to shareholders of record on December 30 , distributable on January 15 . On December 15 , the market price of each share was $12; on December 30,$14; and on January 15,$13. 31 Determined that profit before income tax for the year was $424,000. The company has a 30% income tax rate. Joumalis the transactors for 2024 ard closing sntrles for 202 . Credt actount titles are asdomatioally indented when the amount
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