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When Bunyan Corporation was formed on January 1, the corporate charter provided for 104,200 shares of $15 par value common stock. The following transaction was
When Bunyan Corporation was formed on January 1, the corporate charter provided for 104,200 shares of $15 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 7,730 shares of stock at a price of $27 per share. Which of the following would be included when recording the transaction? Select the correct answer. O credit to Common Stock for $208,710 O debit to Cash for $115,950 O debit to Common Stock for $104,200 O credit to Paid-in Capital in Excess of Par for $92,760 The charter of a corporation provides for the issuance of 110,261 shares of common stock. Assume that 38,467 shares were originally issued and 4,437 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared? Select the correct answer. O $110,261 O $38,467 O$34,030 O$4,437 The charter of a corporation provides for the issuance of 117,892 shares of common stock. Assume that 42,987 shares were originally issued and 3,857 were subsequently reacquired. What is the amount of cash dividends to be paid if a $3 per share dividend is declared? Select the correct answer. O$353,676 O$117,390 O$128,961 O$11,571
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