This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 80,000 common stock (no par value; authorized 22,000 shares issued) 256,000 totall contributed capital 416,000 totall stockholders equity 416,000 E8: a) feb 1: treasury stock (+xse,-se) 4,400 cash 4,400 b)jul. 15 cash 2,400 treasury stock (-xse,+se) 2,200 add paid-in capital 200 c) sept. 1 cash 1200 treasury stock (-xse,+se) 1320 less add. Paid-in capital-120 req. 2: the company won't have to give out as much money. req. 3: it raises the net income E9: a) treasury stock $3.5 mill cash $3.5 mill b) dividends declared 254.2 mill dividens payable 254.2 mill dividends payable 254.2 mill cash 254.2 mill c) E13: dividends declared 16378530 dividends payable 16378530...
View Full Document
This note was uploaded on 04/15/2008 for the course ACC 2361 taught by Professor Steverson during the Spring '08 term at Texas State.
- Spring '08
- Financial Accounting