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On 12/31/20X1. Strong Corporation has 500.000 shares of $5 par value common stock authorized and 150.000 shares issued. Early in 20X2.1,000 shares were purchased to
On 12/31/20X1. Strong Corporation has 500.000 shares of $5 par value common stock authorized and 150.000 shares issued. Early in 20X2.1,000 shares were purchased to hold in the treasury and later 400 shares were reissued. The Board of Directors voted to give common stockholders a $1.50 dividend per share on December 31. The total dividends declared during 20X2 are
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