Question
Jan. 16 Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.50 per share dividend on the
Jan. 16 Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.50 per share dividend on the 100,000 shares of $66 par value common stock outstanding. The date of record is January 31, and the payment date is February 15. Feb. 15 Paid the cash dividends. Jun. 10 Split common stock 2-for-1. Jul. 30 Declared a 50 % stock dividend on the common stock. The market value of the common stock was $9 per share. Aug. 15 Distributed the stock dividend. Oct. 26 Purchased 1,600 shares of treasury stock at $ 10 per share. Nov. 8 Sold 800 shares of treasury stock for $ 12 per share. 30 Sold 700 shares of treasury stock for $ 7per share.
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