Line Item DescriptionAmountCommon Stock, $10 stated value (600,000 shares authorized, 400,000 shares issued)$4,000,000Paid-In Capital in...
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Accounting
Line Item DescriptionAmountCommon Stock, $ stated value shares authorized, shares issued$PaidIn Capital in Excess of Stated ValueCommon StockRetained EarningsTreasury Stock shares, at cost
The following selected transactions occurred during the year:
DateTransactionJan. Paid cash dividends of $ per share on the common stock. The dividend had been properly recorded when declared on December of the preceding fiscal year for $Mar. Sold all of the treasury stock for $ per share.Apr. Issued shares of common stock for $ per share.June Declared a stock dividend on common stock, to be capitalized at the market price of the stock, which is $ per share.July Issued stock for the stock dividend declared on June Oct. Purchased shares of treasury stock for $ per share.Dec. Declared a $pershare dividend on common stock.
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