Question: The equity section from the December 3 1 , 2 0 2 3 balance sheet of Kentucky Corporation appeared as follows: Contributed capital: Common shares,
The equity section from the December balance sheet of Kentucky Corporation appeared as follows:
Contributed capital:
Common shares, shares authorized; and shares
issued and outstanding, respectively. $$
Retained earnings
The following transactions occurred during assume the retirements were the first ever recorded by Kentucky:
Jan. A $ per share cash dividend was declared, and the date of record was five days later.
Mar. common shares were repurchased and retired at $ per share.
Apr. A $ per share cash dividend was declared, and the date of record was five days later.
July $ per share cash dividend was declared, and the date of record was five days later.
July A share dividend was declared when the market value was $ per share.
Aug. The share dividend was issued.
oct. A $ per share cash dividend was declared, and the date of record was five days later.
Required:
How many shares were outstanding on each of the cash dividend dates?
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