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Required information [The following information applies to the questions displayed below] Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative
Required information [The following information applies to the questions displayed below] Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: b. The only transaction affecting additional paid-in capital during the month of May was the sale of additional common stock, At what price per share were the additional shares sold? c. What was the average cost per share of the common stock purchased for the treasury during the month? d. During May, dividends on preferred stock equal to one-half of the 2019 dividend requirement were declared and paid. There were no common dividends declared or paid in May. Calculate net income for May
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