On January 1 2022, cullumber had $1,000000 of common stock outstanding that was issued at par and retained earnings of $740000. The company issued 35000 shares of common stock at par on july 1 and earned net income of $390000 for the year journalise the declaration of 14% stock dividend on 10,2022 for the following two independent assumptions (a) pare value is $10 and market price is $15 (b) par value is $5 and market price is $8
On January 1 2022, cullumber had $1,000000 of common stock outstanding that was issued at par and retained earnings of $740000. The company issued 35000 shares of common stock at par on july 1 and earned net income of $390000 for the year journalise the declaration of 14% stock dividend on 10,2022 for the following two independent assumptions (a) pare value is $10 and market price is $15 (b) par value is $5 and market price is $8
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On January 1 2022, cullumber had $1,000000 of common stock outstanding that was issued at par and
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