Question

Use the statement of stockholders’ equity in Exhibit 10-8 to answer the following questions:
1. Make journal entries to record the declaration and payment of cash dividends during 2012.
2. How much cash did the issuance of common stock bring in during 2012?
3. What was the cost of the treasury stock that was purchased during 2012? What was the cost of the treasury stock that was sold during the year? For how much was the treasury stock sold during 2012?
in Exhibit 10-8


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  • CreatedApril 29, 2014
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