9. During 2002, the following transactions related to the capital stock of the Buffet-Line Corp. осcurred: Jan. 7 Declared a P.75 cash dividend on 150,000 shares of preferred stock. Paid dividends on preferred stock. Declared a P.50 cash dividend on 200,000 shares of common stock with a P20 par Feb. 7 March 4 value. Mar. 18 Paid dividends on common stock. June 30 Split common stock 4-for-1. Purchased 12,000 shares of Buffet-Line's own common stock at P32 per share; July 9 Sept. 10 Sept. 18 acquisition recorded at cost. Declared a cash dividend of P.40 per share on common stock outstanding. Paid dividends on common stock.

9. During 2002, the following transactions related to the capital stock of the Buffet-Line Corp. осcurred: Jan. 7 Declared a P.75 cash dividend on 150,000 shares of preferred stock. Paid dividends on preferred stock. Declared a P.50 cash dividend on 200,000 shares of common stock with a P20 par Feb. 7 March 4 value. Mar. 18 Paid dividends on common stock. June 30 Split common stock 4-for-1. Purchased 12,000 shares of Buffet-Line's own common stock at P32 per share; July 9 Sept. 10 Sept. 18 acquisition recorded at cost. Declared a cash dividend of P.40 per share on common stock outstanding. Paid dividends on common stock.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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