Question
January 2 Issue an additional 2,200 shares of $1 par value common stock for $44,000 Declare a cash dividend of $0.30 per share to all
January 2 Issue an additional 2,200 shares of $1 par value common stock for $44,000
Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 12,000 shares outstanding on January 1, 2018 and dividends are not paid on treasury stock.)
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
