Help Current Attempt in ProgressOn 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.Apr. 1June 15July 10Dec. 1(b)15BHow are dividends and dividends payable reported in the financial statements prepared at December 31?AIssued 25,000 additional shares of common stock for $17 per share.Declared a cash dividend of $1 per share to stockholders of record on June 30.Paid the $1 cash dividend.Issued 2,000 additional shares of common stock for $19 per share.Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31.IT₂T²Ix3E=E99 3áTO Word(s)

Working :- 1) Calculation of number of shares outstanding on june 15 :- January 1 shares +…

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. Apr. 1 June 15 July 10 Dec. (b) 1 15 A Issued 25,000 additional shares of common stock for $17 per share. Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2,000 additional shares of common stock for $19 per share. Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31. How are dividends and dividends payable reported in the financial statements prepared at December 31? BIU T₂ T' LE = 3 € E M M M 99 = á T 14 ←

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. Apr. 1 June 15 July 10 Dec. (b) 1 15 A Issued 25,000 additional shares of common stock for $17 per share. Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2,000 additional shares of common stock for $19 per share. Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31. How are dividends and dividends payable reported in the financial statements prepared at December 31? BIU T₂ T' LE = 3 € E M M M 99 = á T 14 ←

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 9SPB: CASH DIVIDENDS, STOCK DIVIDEND, AND STOCK SPLIT During the year ended December 31, 20--, Baggio...

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