Three dates associated with Goff Company’s cash dividend are May 1, May 15, and May 31. Discuss the significance of each date and give the entry at each date.
Answer to relevant QuestionsAngie Diltz asks, “Since stock dividends don’t change anything, why declare them?” What is your answer to Angie?On May 10, Paige Corporation issues 2,500 shares of $5 par value common stock for cash at $13 per share. Journalize the issuance of the stock.Fugate Inc. is considering these two alternatives to finance its construction of a new $2 million plant: 1. Issuance of 200,000 shares of common stock at the market price of $10 per share. 2. Issuance of $2 million, 6% ...Fagan Co. had these transactions during the current period.June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000.July 11 Issued 3,000 shares of $100 par value preferred stock for cash at $106 per ...Korsak Corporation decided to issue common stock and used the $300,000 proceeds to redeem all of its outstanding bonds on January 1, 2014. The following information is available for the company for 2013 and ...
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