Question
How are stockholders equity and Retained earnings effected in questions 1-7? No effect, increase, decrease, and $$$ amount 1) Sold 24,000 shares of common stock
How are stockholders equity and Retained earnings effected in questions 1-7? No effect, increase, decrease, and $$$ amount
1) Sold 24,000 shares of common stock for $10 per share, The common stock has a value of $6 per share
2) Repurchased 4,000 for $12
3) Declared 10 cents per outstanding share
4)Paid the dividend in 3
5) Sold 2,000 shares of treasury stock
6) Declared and executed a 3-for-1 stock split
7) Earned 15,000 net income in the year prior and made closing journal entry
What is the total number of oustanding shares in the year prior and what is the per value per share?
What is the journal entry for the sale of Treasury Stock in 5?
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