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On January 1, Ivanhoe Corporation had 62,400 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. 1 Apr. June 15 July 10 Dec. 1 Dec. 15 Issued 15,750 additional shares of common stock for $11 per share. Declared a cash dividend of $1.55 per share to stockholders of record on June 30. Paid the $1.55 cash dividend. Issued 7,000 additional shares of common stock for $13 per share. Declared a cash dividend on outstanding shares of $1.65 per share to stockholders of record on December 31. (a) Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to O decimal places, e.g. 5,276.)

On January 1, Ivanhoe Corporation had 62,400 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. 1 Apr. June 15 July 10 Dec. 1 Dec. 15 Issued 15,750 additional shares of common stock for $11 per share. Declared a cash dividend of $1.55 per share to stockholders of record on June 30. Paid the $1.55 cash dividend. Issued 7,000 additional shares of common stock for $13 per share. Declared a cash dividend on outstanding shares of $1.65 per share to stockholders of record on December 31. (a) Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to O decimal places, e.g. 5,276.)

FINANCIAL ACCOUNTING
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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On January 1, Ivanhoe Corporation had 62,400 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 June 15 July 10 Dec. 1 Issued 15,750 additional shares of common stock for $11 per share. Declared a cash dividend of $1.55 per share to stockholders of record on June 30. Paid the $1.55 cash dividend. Issued 7,000 additional shares of common stock for $13 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.65 per share to stockholders of record on December 31. (a) Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to O decimal places, e.g. 5,276.)
Transcribed Image Text:On January 1, Ivanhoe Corporation had 62,400 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 June 15 July 10 Dec. 1 Issued 15,750 additional shares of common stock for $11 per share. Declared a cash dividend of $1.55 per share to stockholders of record on June 30. Paid the $1.55 cash dividend. Issued 7,000 additional shares of common stock for $13 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.65 per share to stockholders of record on December 31. (a) Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to O decimal places, e.g. 5,276.)
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