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Question 1) Please provide calculations for every part of the question whether or not the answers are already plugged in the screenshots. A) B) C)
Question 1) Please provide calculations for every part of the question whether or not the answers are already plugged in the screenshots.
A)
B)
C)
D)
The stockholders' equity accounts of Martinez Corp.on January 1,2017,were as follows Preferred Stock ( 7%, $ 100 par noncumulative, 4,800 shares authorized) Common Stock ($ 4 stated value, 330,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock(4,800 common shares) $ 288.000 1,100,000 14,400 528,000 689,000 38,400 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 4,540 shares of common stock for $ 27,240 Mar. 20 Purchased 1,750 additional shares of common treasury stock at $ 8 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1 Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Dec. 31 Determined that net income for the year was $275,700. Paid the dividend declared on December 1Step by Step Solution
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