The stockholders equity section of Hathaway Corporations December 31, 2002, balance sheet is as follows: During 2003,
Question:
The stockholders’ equity section of Hathaway Corporation’s December 31, 2002, balance sheet is as follows:
During 2003, Hathaway Corporation had the following transactions: Feb. 1 Paid a cash dividend of $3 per share on common stock. The dividend was declared December 31, 2002. Mar. 15 Declared and issued a 19% common stock dividend. The market price of the stock on this date was $40 per share. June 1 Reacquired 3,000 shares of common stock at $35 per share. Sept. 1 Reissued 500 shares of treasury stock at $40 per share. Nov. 15 Reissued 500 shares of treasury stock at $32 per share. Record the transactions.
Step by Step Answer:
Financial Accounting
ISBN: 9780324066708
8th Edition
Authors: W. Steven Albrecht, James D. Stice, Earl Kay Stice, K. Fred Skousen, Albrecht S.E.