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Problem 14-4A On January 1, 2017, Ven Corporation had the following stockholders' equity accounts. Common Stock (no par value, 85,000 shares issued and outstanding) Retained
Problem 14-4A On January 1, 2017, Ven Corporation had the following stockholders' equity accounts. Common Stock (no par value, 85,000 shares issued and outstanding) Retained Earnings During the year, the following transactions occurred $1,350,000 450,000 Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1 Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $35 July 1 Declared a 4% stock dividend to stockholders of record on July 15, distributable July 31, On July 1, the market price of the stock was $10 per share. Issued the shares for the stock dividend. Declared a $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2018. 31 Dec. 1 31 Determined that net income for the year was $300,000 (Enter account name only and do not provide descriptive information. Round answers to O decimal places, e.g. 5,250.)
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