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On January 1, 2021. Dynatech Corporation, a publicly traded company had the following shareholders' equity accounts a Common shares (unlimited number of shares authorized, 44,000
On January 1, 2021. Dynatech Corporation, a publicly traded company had the following shareholders' equity accounts a Common shares (unlimited number of shares authorized, 44,000 shares issued) Retained earnings $1,760,000 1.136,000 Accumulated other comprehensive income 54.400 During the year, the following transactions occurred: Jan. 15 Apr. 16 Declared a $1.25 per share cash dividend to shareholders of record on January 31, payable February 15. Declared a 10% stock dividend to shareholders of record on April 30, distributable May 15 On April 16, April 30 May 15, the share prices were $12, $11.80, and $11.90, respectively. Effected a 2-for-1 stock split On October 1, the share price was $15. Determined that net income for the year was $502,400. Oct. 1 Dec. 31 On January 1, 2021. Dynatech Corporation, a publicly traded company had the following shareholders' equity accounts a Common shares (unlimited number of shares authorized, 44,000 shares issued) Retained earnings $1,760,000 1.136,000 Accumulated other comprehensive income 54.400 During the year, the following transactions occurred: Jan. 15 Apr. 16 Declared a $1.25 per share cash dividend to shareholders of record on January 31, payable February 15. Declared a 10% stock dividend to shareholders of record on April 30, distributable May 15 On April 16, April 30 May 15, the share prices were $12, $11.80, and $11.90, respectively. Effected a 2-for-1 stock split On October 1, the share price was $15. Determined that net income for the year was $502,400. Oct. 1 Dec. 31
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