80.2K

Verified Solution

Link Copied!

can someone help me answer this??!?

On January 1,2022, Bramble Corp. had these stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a 50.60 cash dividend per share to stockholders of record on January 31, payable February 15 Feb, 15 Pald the dividend dechared in lanuary. Apr: 15 Declared a 10\% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $15 per share. May 15 Issued the shares for the stock dividend Dec. 1 Declared a $0,60 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Dec. 31 Determined that net income for the year was $374,000. On January 1,2022, Bramble Corp. had these stockholders' equity accounts. During the year, the following transactions occurred. Jan. 15 Declared a 50.60 cash dividend per share to stockholders of record on January 31, payable February 15 Feb, 15 Pald the dividend dechared in lanuary. Apr: 15 Declared a 10\% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $15 per share. May 15 Issued the shares for the stock dividend Dec. 1 Declared a $0,60 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Dec. 31 Determined that net income for the year was $374,000

Answer & Explanation Solved by verified expert

See Answer