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|Preferred Stock (8%, $100 par noncumulative,
4,700 shares authorized)
|Common Stock ($4 stated value, 325,000 shares
|Paid-in Capital in Excess of Par
|Paid-in Capital in Excess of Stated
|Treasury Stock (4,700 common
During 2017, the corporation had the following transactions and
events pertaining to its stockholdersâ€™ equity.
|Feb.||1||Issued 5,150 shares of common stock for
|Mar.||20||Purchased 1,300 additional shares of common
treasury stock at $8 per share.
|Oct.||1||Declared a 8% cash dividend on preferred stock,
payable November 1.
|Nov.||1||Paid the dividend declared on October
|Dec.||1||Declared a $0.85 per share cash dividend to
common stockholders of record on December 15, payable December 31,
|Dec.||31||Determined that net income for the year was
$284,000. Paid the dividend declared on December 1.
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