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

Follows are the solution to the given question:

Step-by-step 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`