Dividend to stockholders of record on december

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On January 1, 2017, Ven Corporation had the following stockholders' equity accounts. Common Stock (no par value, 89,350 shares issued and outstanding) $1,425,000 Retained Earnings 517,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $35. July 1 Declared a 6% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $12 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.60 per share dividend to stockholders of record on December 15, payable January 5, 2018. 31 Determined that net income for the year was $375,000.

Reference no: EM131812395

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