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Required information The following information applies to the questions displayed below.) The stockholders' equity section of the balance sheet of Caesar Corporation at December 31,
Required information The following information applies to the questions displayed below.) The stockholders' equity section of the balance sheet of Caesar Corporation at December 31, 2018 appears as follows: (The company engaged in no treasury stock transactions prior to 2018.) $2 preferred stock, $100 par, 10,000 shares authorized, Common atock, $2 par, 100,000 shares authorized, 75,000 shares Additional Paid-in Capital: 8,000 shares isued $800,000 $ 800,000 issued, 5,000 are held in the treasury 150,000 150,000 From issuance of preferred stock From issuance of common stock From treasury stock transactions From common stock dividends 80,000 225,000 8,000 26,000 1,289,000 Total paid-in capital Retained earnings ($40,000 equal to cost of treasury stock is not available for dividends) 500,000 1,789,000 Less treasury stock (at cost:5,000 common shares) Total Stockholders equity (40,000) $1,749,000 A small stock dividend of 1000 shares was declared and distributed during 2018: What was the market price per share on th date of declaration
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