1. Stock Dividends: 100,000 shares of $3, $100 par common stock were formally declared by the...
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1. Stock Dividends: 100,000 shares of $3, $100 par common stock were formally declared by the Board of Directors when the market price was $40 per share, record the journal entries for (a) date of declaration (b) date of record and (c) date of payment 2. On January 9, 2021 Disney World reacquired 65,000 shares of its common stock at $60 per share, On February 2, 2021 Disney World sold 10,00 of the reacquired shares at $70 for cash. On March 16, 2021, Disney World sold an additional 30,000 reacquired shares for $50 per share. Journalize the transactions for (a) January 9, (b) February 2 and (c) March 16. 1. Stock Dividends: 100,000 shares of $3, $100 par common stock were formally declared by the Board of Directors when the market price was $40 per share, record the journal entries for (a) date of declaration (b) date of record and (c) date of payment 2. On January 9, 2021 Disney World reacquired 65,000 shares of its common stock at $60 per share, On February 2, 2021 Disney World sold 10,00 of the reacquired shares at $70 for cash. On March 16, 2021, Disney World sold an additional 30,000 reacquired shares for $50 per share. Journalize the transactions for (a) January 9, (b) February 2 and (c) March 16.
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Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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