Declared semiannual dividends of 120 on preferred stock and

Reference no: EM13598789

Jan. 10 - Split the common stock 4 for 1 and reduced the par from $100 to $25 per share. After the split, there were 500,000 common shares outstanding.

March 1 - Declared semiannal dividends of 1.20 on 80.000 shares of preferrred stock and $.24 on the 500,000 shares of $25 par common stock to stockholders of record on March 31, payable on April 30.

Apr. 30 - Paid the cash dividends.

July 9 - Purchased 75,000 sharees of the corporation's own common stock at $26, recording the stock at cost.

Aug. 29 - Sold 40,000 shares of treasury stock at $32, receiving cash.

Sept 1 - Declared semiannual dividends of $1.20 on preferred stock and $.15 on common in addition a 1% common stock dividend was declared on common stock outstanding to be capitalized at the fair market value of the common stock estimated at $30.

Reference no: EM13598789

Questions Cloud

June 16 a company purchased a building and the land it is : june 16 a company purchased a building and the land it is on for 119000 to house its repair facilities and to store

A down payment of 34000 in cash was made on additional : a down payment of 34000 in cash was made on additional computer equipment that was purchased for 170000. a five year

The fixed assets have estimated useful lives as follows : the fixed assets have estimated useful lives as follows building- 31.5 years computer equipment- 5.0 years office

Geico is considering expanding an existing plant on a piece : geico is considering expanding an existing plant on a piece of land it already owns. the land was purchased 15 years

Declared semiannual dividends of 120 on preferred stock and : jan. 10 - split the common stock 4 for 1 and reduced the par from 100 to 25 per share. after the split there were

A firm reported sales of 300000 during the year and has a : a firm reported sales of 300000 during the year and has a balance of 20000 in its accounts receivable account at

Global world inc a u s corporation has interest expense for : global world inc. a u. s. corporation has interest expense for the tax year of 200000 no portion of which is directly

Transaction analysis-various accounts enter the following : transaction analysis-various accounts enter the following column headings across the top of a sheet of

Budgeted sales are january 433000 units february 420000 the : budgeted sales are january 433000 units february 420000. the company requires maintaining units on hand at the end of

User Account

All Pages