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On January 1st, my company issued 5,000 shares of $3 par value preferred stock for cash of 68,000. On April 20th it issued 500
On January 1st, my company issued 5,000 shares of $3 par value preferred stock for cash of 68,000. On April 20th it issued 500 shares of $35 par value common stock for cash at $115 per share. On October 31st, they declared a cash dividend of $.75 per share to stockholders to be recorded on November 1st. The dividend is paid on December 15th.
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