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hey chegg, the correct answer for 4 is $131,250, for 5 is $5,800 and for 6 is 22000. could you lease expalin how to approach
hey chegg, the correct answer for 4 is $131,250, for 5 is $5,800 and for 6 is 22000. could you lease expalin how to approach to the answer?
4. Elite Electrical has 350,000 shares of $3-par common stock outstanding. They have declared a 5% stock dividend. The current market price of the common stock is $7.50/share. The amount that will be debited to Stock Dividends on the date of declaration is: 5. HiTech Industries has a $11,800 credit balance in Paid-In Capital-Treasury Stock. It sells 1,000 shares of treasury stock, which the company reacquired at $58/share, for $52/share. After the transaction, what will the balance be in the Paid-In Capital, Treasury Stock account? 6. Evergreen Inc. has declared a $40,000 cash dividend to shareholders. The company has 5,000 shares of $20-par, 6% cumulative preferred stock and 10,000 shares of $15-par common stock. How much dividends will be distributed to the common stockholders on the date of payment if no dividends were paid in the last two yearsStep by Step Solution
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