Answer To: On January 1, 2014, Calvin Corporation already has 100,000 shares of $2 par value common stock...
David answered on Jan 02 2022
Question:
On January 1, 2014, Calvin Corporation already has 100,000 shares of $2 parvalue
common stock issued and outstanding. During the year, the following transactions
occurred:
Mar. 1 Issued an additional 50,000 shares of common stock for $700,000.
June 1 Declared a cash dividend of $2.00 per share to Stockholders of record on
June 15.
June 30 Paid the $2.00 cash dividend.
July 15 Declared a 2 for I stock split.
Dec. 1 Purchased 10,000 shares of common stock for the treasury for $15 per
share.
Dec. 15...