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The following data are extracted from the equity section of the balance sheet of Delta Corporation: 12/31/2019 12/31/2020 Common stock ($2par value) $100,000 $110,000 APIC-Common
The following data are extracted from the equity section of the balance sheet of Delta Corporation: 12/31/2019 12/31/2020 Common stock ($2par value) $100,000 $110,000 APIC-Common 50,000 58,000 Treasury stock (2,000 shares) 12,000 - Retained earnings 100,000 150,000 During 2020, the corporation declared cash dividends of $20,000 but paid only $14,000. In addition, the corporation declared stock dividends and issued the stock. Net income for 2020 was $30,000. There were no other changes in stock issued and outstanding during 2020. Calculate the amount (per share) for which Delta sold the treasury stock in 2020.
The following data are extracted from the equity section of the balance sheet of Delta Corporation:
12/31/2019 12/31/2020
Common stock ($2par value) $100,000 $110,000
APIC-Common 50,000 58,000
Treasury stock (2,000 shares) 12,000 -
Retained earnings 100,000 150,000
During 2020, the corporation declared cash dividends of $20,000 but paid only $14,000. In addition, the corporation
declared stock dividends and issued the stock. Net income for 2020 was $30,000. There were no other changes
in stock issued and outstanding during 2020.
Calculate the amount (per share) for which Delta sold the treasury stock in 2020.
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
5th Canadian edition
77429494, 1259105709, 1260480798, 978-1259105708
