On January 1, 2019, Metco Inc. reported 290,000 shares of $4 par value common stock as...
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On January 1, 2019, Metco Inc. reported 290,000 shares of $4 par value common stock as being issued and outstanding. On March 24, 2019. Metco Inc. purchased for its treasury 4,000 shares of its common stock at a price of $39.00 per share. On August 19. 2019, 590 of these treasury shares were sold for $42 50 per share. Metco's directors deciared cash dividends of $0.30 per share during the second quarter and again during the fourth quarter, payable on June 30. 2019, and December 31, 2019, respectively. A 3% stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year. Problem 8-26 (Algo) Part e . Calculate the number of shares of stock issued in the stock diividend. Slock dividend shares On January 1, 2019, Metco Inc. reported 290,000 shares of $4 par value common stock as being issued and outstanding. On March 24, 2019. Metco Inc. purchased for its treasury 4,000 shares of its common stock at a price of $39.00 per share. On August 19. 2019, 590 of these treasury shares were sold for $42 50 per share. Metco's directors deciared cash dividends of $0.30 per share during the second quarter and again during the fourth quarter, payable on June 30. 2019, and December 31, 2019, respectively. A 3% stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year. Problem 8-26 (Algo) Part e . Calculate the number of shares of stock issued in the stock diividend. Slock dividend shares
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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