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Not: For 2024: 24,368 shares For 2023: 22,680 shares or $133,008 The equity section from the December 31, 2023 and 2024, balance sheets of Westburne
Not: For 2024: 24,368 shares For 2023: 22,680 shares
or $133,008
The equity section from the December 31, 2023 and 2024, balance sheets of Westburne Corporation appeared as follows: The following transactions occurred during 2024 (assume the retirements were the first ever recorded by Westburne): Jan. 5 A $1.40 per share cash dividend was declared, and the date of record was five days later. Mar. 202,300 comon shares were repurchased and retired at $20. 00 per share. Apr. 5A$1.40 per share cash dividend was declared, and the date of record was five days later. July 5A$1.40 per share cash dividend was declared, and the date of record was five days later. July 31 A 265 share dividend was declared when the narket value was $32.00 per share. Aug. 14 The share dividend was issued. oct. 5A$1.40 per share cash dividend was declared, and the date of record was five days later. Required: 1. How many shares were outstanding on each of the cash dividend dates? 2 How much profit did the company earn during 2024Step by Step Solution
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