Unformatted text preview: Declared and issued a 5% stock dividend (200,000 shares) at a time when the market value the stock was $6 per share. Reacquired 15,000 treasury shares at $5 per share. Declared and paid cash dividends of $100,000. Reported net income for the full year of $1,500,000....
View Full Document
- Spring '11
- Accounting, value common stock, Pasquali Corporation