“The balance sheet of Mundo Foods, at December 31, 2011, reported 90,000 shares of no-par common stock authorized with 50,000 shares issued and a…
“The balance sheet of Mundo Foods, at December 31, 2011, reported 90,000 shares of no-par common stock authorized with 50,000 shares issued and a common stock balance of $170,000. Retained Earnings had a balance $140,000. During 2012 the company completed the following selected transactions:March 15 – Purchased 9,000 shares of treasury stock at $7 per share.April 30 – Distributed a 10% stock dividend on the […]