Common stock$25 par value, 100,000 shares authorized, 45,000 shares issued and outstanding $1,125,000 Paid-in capital in excess of par value, common
Common stock—$25 par value, 100,000 shares authorized, 45,000 shares issued and outstandingRetained earnings 460,000 Total stockholders’ equity $1,645,000 ——————————————————————————–In year 2010, the following transactions affected its stockholders’ equity accounts. Purchased 4,500 shares of its own stock at $25 cash per share. Directors declared a $3 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Paid the dividend declared on […]
