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On January 1, Guillen Corporation had97,500shares of no-par common stock issued and outstanding. The stock has a stated value of $6per share. During the year,
On January 1, Guillen Corporation had97,500shares of no-par common stock issued and outstanding. The stock has a stated value of $6per share. During the year, the following occurred.
| Apr. | 1 | Issued29,500 additional shares of common stock for $19 per share. |
| June | 15 | Declared a cash dividend of $3 per share to stockholders of record on June 30. |
| July | 10 | Paid the $3 cash dividend. |
| Dec. | 1 | Issued1,000 additional shares of common stock for $18 per share. |
| 15 | Declared a cash dividend on outstanding shares of $4.90 per share to stockholders of record on December 31. |
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Fundamental Financial Accounting Concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Mark Edmonds, Christopher Edmonds
10th Edition
126015940X, 978-1260159400
