Question: On March 3 , 2 0 2 2 , Docker Incorporated purchased 8 0 0 shares of its own common stock in the market at
On March Docker Incorporated purchased shares of its own common stock in the market at a price of $ per share. On August of these shares were sold in the open market at a price of $ per share. There were shares of Docker common stock outstanding prior to the March purchase of treasury stock. A $ per share cash dividend on the common stock was declared and paid on July
Problem Static Part Horizontal Model
Required:
Use the horizontal model on Docker's financial statements for the purchase of the treasury stock on March Indicate the financial statement effect.
Use the horizontal model on Docker's financial statements for the declaration and payment of the cash dividend on July Indicate the financial statement effect.
Use the horizontal model on Docker's financial statements for the declaration and payment of the sale of the treasury stock on August Indicate the financial statement effect.
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