Business, 14.11.2019 23:31 layja20

Problem 14-01a a-c (part level submission) (video) on january 1, 2020, pharoah corporation had the following stockholders’ equity accounts. common stock ($20 par value, 57,000 shares issued and outstanding) $1,140,000 paid-in capital in excess of par—common stock 194,000 retained earnings 593,000 during the year, the following transactions occurred. feb. 1 declared a $1 cash dividend per share to stockholders of record on february 15, payable march 1. mar. 1 paid the dividend declared in february. apr. 1 announced a 2-for-1 stock split. prior to the split, the market price per share was $39. july 1 declared a 10% stock dividend to stockholders of record on july 15, distributable july 31. on july 1, the market price of the stock was $14 per share. 31 issued the shares for the stock dividend. dec. 1 declared a $0.50 per share dividend to stockholders of record on december 15, payable january 5, 2021. 31 determined that net income for the year was $319,500.

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Problem 14-01a a-c (part level submission) (video) on january 1, 2020, pharoah corporation had the f...

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