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Determine kunze corporation par value common stock

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Reference no: EM132462816

Question 1: Kunze Corporation has? $1 par value Common Stock with? 100,000 shares authorized and? 25,000 shares issued. The journal entry to record? Kunze's purchase of 1000 shares of common stock at $ 4 per share would? be??

On December 31 of the current? year, Pilozzi Company has the following information? available:

  1. Common Stock ?$5 million
  2. Additional Paidminus in Capital ?$4 million
  3. Retained Earnings ?$6 million
  4. Cash ?$6 million
  5. Investment in Trading Securities ?$50,000

Problem 1: On December 31 of the current? year, can the Board of Directors declare and pay a cash dividend of $ 7?million?

Reference no: EM132462816

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