Solution-Determine no-par common stock issued and

Determine no-par common stock issued and outstanding

Reference no: EM132464700

On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred.

June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30

Can you explain why the answer is:

Cash Dividend 120,000

Dividend payable 120,000

Reference no: EM132464700

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Determine no-par common stock issued and outstanding

Reference no: EM132464700

Reference no: EM132464700

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