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During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 48,000 shares of treasury
During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 48,000 shares of treasury common for $23 per share. b. Sold 24,000 shares of treasury common for $26 per share. c. Issued 8,000 shares of preferred 2% stock at $191. d. Issued 80,000 shares of common stock at $23, receiving cash. e. Sold 16,000 shares of treasury common for $21 per share. f. Declared cash dividends of $3.50 per share on preferred stock and $0.04 per share on common stock. g. Paid the cash dividends. Tnurnnlitn the antrine to ramort thn tronmontinne e it blank
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