Question

On january 1, guillen corporation had 95,0000 shares of no par common stock issued and outstanding. The stock has a state value of $5 per share. During the year, the following occurred.

Answer 1

Answer:

Follows are the solution to the given question:

Explanation:

Please find the complete question in the attachment file.

Market capitalization at 30 June:  $120000 = 95000+25000$

Dividends payable on 10 July: $120000$

Actions omitted by 31 December: $122000 = 95000+25000+2000$

X Stock Dividends 1.2

Dividend payments payable on 31  December: $146400$

Total value is given: $266400 =120000+146400$