Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Data table Assets More info Current assets $ 33,000 Feb 13 Issued 5,600 shares of common stock for $13 per share. 112,100 Jun 7
Data table Assets More info Current assets $ 33,000 Feb 13 Issued 5,600 shares of common stock for $13 per share. 112,100 Jun 7 Declared the regular cash dividend on the preferred stock. Property and equipment, net $ 145,100 Jun 24 Paid the cash dividend. Total assets Aug 9 Declared and distributed a 10% stock dividend on the common stock. Liabilities and Equity Market price of the common stock was $18 per share. Liabilities $ 38,000 Oct 26 Reacquired 200 shares of common stock as treasury stock, paying $19 per share. Stockholders' equity: Nov 20 Sold 100 shares of the treasury stock for $21 per share. $0.80 cumulative preferred stock, $20 par, 100 shares issued 2,000 Dec 31 Declared a cash dividend of $0.30 per share on the outstanding Common stock, $10 par, 5,700 shares issued 57,000 common stock; dividends will be paid in January, 2023. Paid-in capital in excess of par-common 18,100 Retained earnings 30,000 $ 145,100 Total liabilities and equity
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started