90.2K

Verified Solution

Link Copied!

1) ABC Corporation issued 10,000 shares of $1 par common stock for $3 per share. 2) ABC Corporation issued 1,000 shares of $50 par, 2% preferred stock for $65,000. 3) ABC Corporation issued 1,000 shares of $1 par common stock in exchange for property with a fair value of $50,000. 2.3, and e respettiveh. Ah in sotat, how much is divdends are prefered shareholiden ereitipd to each year? Bi Conivies the folowire ubin. Determine the balance of authorized, issued, on outstanding stock at the end of the day on each of the following dates, Assume that the company began operations on January 1,20x1. 1) 1/1/20X1: The company begins operations and authorizes 1,000,000 shares of common stock. 2) 1/5/201 : The company issues 100,000 shares of common stock. 3) 1/19/20X1: The company issues 50,000 shares of common stock. 4) 3/15/20X1: The company purchases 20,000 shares of their own common stock. 5) 6/15/20X1: The company sells 5,000 treasury shares. 1) ABC Corporation purchased 1,000 shares of their own $5 par common stock at $10 per share. 2) ABC Corporation sold 400 shares of treasury stock for $12 per share. 3) ABC Corporation sold 200 shares of treasury stock at $9 per share. 1) ABC Corporation declared $5,000 of cash dividends. 2) ABC Corporation paid the dividends declared in 1) 3) ABC Corporation deciared a 2% stock dividends. There are 100,000 st 4) ABC distributed the shares from the stock dividend declared in (B). 1) ABC Corporation issued 10,000 shares of $1 par common stock for $3 per share. 2) ABC Corporation issued 1,000 shares of $50 par, 2% preferred stock for $65,000. 3) ABC Corporation issued 1,000 shares of $1 par common stock in exchange for property with a fair value of $50,000. 2.3, and e respettiveh. Ah in sotat, how much is divdends are prefered shareholiden ereitipd to each year? Bi Conivies the folowire ubin. Determine the balance of authorized, issued, on outstanding stock at the end of the day on each of the following dates, Assume that the company began operations on January 1,20x1. 1) 1/1/20X1: The company begins operations and authorizes 1,000,000 shares of common stock. 2) 1/5/201 : The company issues 100,000 shares of common stock. 3) 1/19/20X1: The company issues 50,000 shares of common stock. 4) 3/15/20X1: The company purchases 20,000 shares of their own common stock. 5) 6/15/20X1: The company sells 5,000 treasury shares. 1) ABC Corporation purchased 1,000 shares of their own $5 par common stock at $10 per share. 2) ABC Corporation sold 400 shares of treasury stock for $12 per share. 3) ABC Corporation sold 200 shares of treasury stock at $9 per share. 1) ABC Corporation declared $5,000 of cash dividends. 2) ABC Corporation paid the dividends declared in 1) 3) ABC Corporation deciared a 2% stock dividends. There are 100,000 st 4) ABC distributed the shares from the stock dividend declared in (B)

Answer & Explanation Solved by verified expert

See Answer