On January 1, Riverbed Corp had 62,300 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 Issued 15,300 additional shares of common stock for $13 per share. June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. July 10 Paid the $1.50 cash dividend. Dec. 1 Issued 6,800 additional shares of common stock for $11 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31.
On January 1, Riverbed Corp had 62,300 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 Issued 15,300 additional shares of common stock for $13 per share. June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. July 10 Paid the $1.50 cash dividend. Dec. 1 Issued 6,800 additional shares of common stock for $11 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31.
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 3PA: The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the...
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On January 1, Riverbed Corp had 62,300 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 | Issued 15,300 additional shares of common stock for $13 per share. | |
June 15 | Declared a cash dividend of $1.50 per share to stockholders of record on June 30. | |
July 10 | Paid the $1.50 cash dividend. | |
Dec. 1 | Issued 6,800 additional shares of common stock for $11 per share. | |
Dec. 15 | Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31. |
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