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QUESTION
On January 1, Ayayai Corp. had63,200shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the...
Apr. 1 Issued 19,350 additional shares of common stock for $12 per share.
June 15 Declared a cash dividend of $1.55 per share to stockholders of record on June 30.
July 10 Paid the $1.55 cash dividend.
Dec. 1 Issued 8,600 additional shares of common stock for $11 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $1.65 per share to stockholders of record on December 31.
