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On January 1, Year 3, Candle Co. reported total stockholders' equity of 2,300,000. During Year 3, the following transactions occurred. 25,000 shares of 1 par
On January 1, Year 3, Candle Co. reported total stockholders' equity of 2,300,000. During Year 3, the following transactions occurred. 25,000 shares of 1 par value common stock were issued for 10/share 15,000 shares of common stock were bought back at 12 Net income was 750,000 Total stockholders' equity was 2,800,000 on December 31, Year 3. On that day, Candle declared and paid a dividend on the 80,000 common shares that were outstanding on that day. How much was this dividend per share
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