Question
On January 1, Guillen Corporation had 92,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share.
On January 1, Guillen Corporation had 92,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred.
Apr. 1 Issued 23,500 additional shares of common stock for $17 per share.
June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30.
July 10 Paid the $2 cash dividend.
Dec. 1 Issued 1,000 additional shares of common stock for $18 per share.
Dec.15 Declared a cash dividend on outstanding shares of $4.80 per share to stockholders of record on December 31.
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Auditing In An Internet Of Things Environment
Authors: Robert R. Moeller
1st Edition
1119461669, 978-1119461661
