REPORT AS OF DEC. 31, 2008 Common stock–$10 par value, 100,000 shares authorized 40,000 shares issued and outstanding.
REPORT AS OF DEC. 31, 2008Common stock–$10 par value, 100,000 sharesauthorized 40,000 shares issued and outstanding………………………………… ………..$400,000paid-in capital in excess of par value, common stock……………………………………… ….60,000Retained earnings…………………………………… ………………………………………….. ….270,000Total stockholder’s equity…………………………………….. …………………………………..730,000In 2009 the following transactions affected stockholders’ equity accountsJan. 1 Purchased 40,000 shares of its (the company’s) own stock at $20 cash per share.Jan 5 Directors declared a $2 per share cash divided payable […]