Question
If no entry is required, type No Entry Required and leave the amount boxes blank. For a compound transaction, if an amount box does not
If no entry is required, type "No Entry Required" and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank.
Jan. 8. Split the The stock outstanding when a corporation has issued only one class of stock.common stock 3 for 1 and reduced the The monetary amount printed on a stock certificate.parfrom $78 to $26 per share. After the split, there were 93,000 common shares outstanding.
Apr. 30. Declared semiannual dividends of $1 on 7,000 shares of A class of stock with preferential rights over common stock.preferred stock and $0.1 on the common stock payable on July 1.
Oct. 31. Declared semiannual dividends of $1 on the preferred stock and $0.08 on the common stock (before the A distribution of shares of stock to its stockholders.stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $47.
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