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journilizing More Info Jan. 1 Issued 40,000 shares of common stock for $11 per share. Feb. 15 Issued 9,000 shares of common stock for $8
journilizing
More Info Jan. 1 Issued 40,000 shares of common stock for $11 per share. Feb. 15 Issued 9,000 shares of common stock for $8 per share. Mar. 1 Declared a $0.10 per share cash dividend on its common stock to be paid on March 30. Date of record: March 15. 30 Paid the cash dividend to stockholders. Nov. 1 Declared a 4% common stock dividend on all common stock outstanding. Current market price of the stock was $11. Date of record: Nov. 15. 30 Distributed stock to stockholders. Dec. 1 Purchased 9,000 shares of treasury stock-common at $15 per share. 20 Sold 7,000 shares of treasury stock-common at $21 per share. Print Done Step by Step Solution
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