Business, 24.04.2020 15:22 lowwlifelivv
1 Issues 56,000 additional shares of $1 par value common stock for $53 per share. May 10 Purchases 5,100 shares of treasury stock for $56 per share. June 1 Declares a cash dividend of $1.55 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,550 shares of treasury stock purchased on May 10 for $61 per share. repare the stockholders’ equity section of the balance sheet for Power Drive Corporation as of December 31.
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1 Issues 56,000 additional shares of $1 par value common stock for $53 per share. May 10 Purchases 5...
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