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Business, 23.04.2020 04:52 scottytohotty

March 1 Issues 58,000 additional shares of $1 par value common stock for $55 per share. May 10 Purchases 5,300 shares of treasury stock for $58 per share. June 1 Declares a cash dividend of $1.65 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,650 shares of treasury stock purchased on May 10 for $63 per share.

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March 1 Issues 58,000 additional shares of $1 par value common stock for $55 per share. May 10 Purch...
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