Question: Question 3 of 43 > View Policies -/5 E Current Attempt in Progress On January 1, 2020, Blossom Corporation had 106,000 shares of no-par

Question 3 of 43 > View Policies -/5 E Current Attempt in Progress On January 1, 2020, Blossom Corporation had 106,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 10,000 additional shares of common stock for $16 per share. Declared a cash dividend of $1 per share to stockholders of record on June 30. June 15 July 10 Paid the $1 cash dividend. Purchased 1,800 additional shares of common stock for $15 per share. Dec. 1 Dec. 15 Declared a cash dividend on outstanding shares of $1.30 per share to stockholders of record on December 31.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
