Eli14
May 7, 2014, 07:15 PM
Common stock—$10 par value, 100,000 shares authorized, 45,000 shares issued and outstanding
$
450,000
Paid-in capital in excess of par value, common stock
70,000
Retained earnings
460,000
Total stockholders’ equity
$
980,000
Record the declaration of a cash dividend of $4 per share
$
450,000
Paid-in capital in excess of par value, common stock
70,000
Retained earnings
460,000
Total stockholders’ equity
$
980,000
Record the declaration of a cash dividend of $4 per share