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Diane's Designs has two classes of stock authorized: 7%, $10 par preferred and $1 par value common. The following transactions affect stockholders' equity during 2015,
Diane's Designs has two classes of stock authorized: 7%, $10 par preferred and $1 par value common. The following transactions affect stockholders' equity during 2015, its first year of operations: |
January 1 | Issue 200,000 shares of common stock for $14 per share. |
February 6 | Issue 1,000 shares of preferred stock for $13 per share. |
October 10 | Repurchase 11,000 shares of its own common stock for $14 per share. |
November 12 | Reissue 4,000 shares of treasury stock at $22 per share. |
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