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Required information [ The following information applies to the questions displayed below. ] Golf Apparel has two classes of stock authorized: 4 % , $
Required information
The following information applies to the questions displayed below.
Golf Apparel has two classes of stock authorized: $ par preferred, and $ par value common. The following
transactions affect stockholders' equity during its first year of operations:
January Issue shares of common stock for $ per share.
February Issue shares of preferred stock for $ per share.
May Purchase shares of its own common stock for $ per share.
May Resell shares of treasury stock for $ per share.
December Declare a cash dividend on its common stock of $ per share and a $ of par
value cash dividend on its preferred stock payable to all stockholders of record on
December The dividend is payable on December Hint: Dividends are not paid on
treasury stock.
December Pay the cash dividends declared on December My Answers That are correct: common stock $ preferred Stock $ Next is additional paid in capital but that is the one I cannot find total paid in capital $ Retained Earnings $ Treasury Stock
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