Question
on January 1, 2021 lizzie corporation had 80,000 shares of $1 par common stock issued and outstanding. Existing shares of common stock were issued at
on January 1, 2021 lizzie corporation had 80,000 shares of $1 par common stock issued and outstanding. Existing shares of common stock were issued at par value. During the year, the following occurred;
April 1 Issued 30,000 shares of common stock for 600,000
July 1, Declared a cash dividend of $4.00 per share to stockholders of record July 15.
July 30 Paid the $4.00 cash dividend
Dec. 1 Purchased 10,000 shares of common stock for the treasury for $25 per share
Dec 15 Declared a cash dividend on outstanding shares of $4.50 per share to stockholders of record on December 31
compute the total value and total shares for outstanding stock as of December 31,2021
common stock:
paid in capital in excess of par value
Less: Treasury stock
outstanding stock as of December 31,2021
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