Question
I need help with the picture (orange boxes). (Transactions) December 4: Bought back 18,000 shares of stock for $13 per share. December 5: Issued 10,000
I need help with the picture (orange boxes).
(Transactions)
December 4: Bought back 18,000 shares of stock for $13 per share.
December 5: Issued 10,000 shares of restricted stock to its CFO. The stock has a fair value of $160,000. The service period related to this restricted stock is 6 years. Vesting occurs if the CFO stays with the company for 6 years. The par value of the stock is $1.
December 12: Issued 50,000 shares of common stock at $17.50 per share.
December 21: Sold 12,500 shares of Treasury Stock for $15 per share.
(adjustments)
- Declared dividends of $350,000 on December 31.
(additional information)
1. Issued 35,000 shares of common stock, $1 par, for $700,000 on June 30, 2021.
2. Market price per share of stock at 12/31/2021 was $18.75.
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