Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 5.00

Agassi Corporation

On January 1, 2014, Agassi Corporation had the following stockholders’ equity accounts.

Common Stock ($10 par value, 50,000 shares issued and outstanding)   $500,000  
Paid-in Capital in Excess of Par—Common Stock   480,000  
Retained Earnings   600,000  


During 2014, the following transactions occurred.
Jan. 15Declared and paid a $1.05 cash dividend per share to stockholders.Apr. 15Declared and paid a 10% stock dividend. The market price of the stock was $13 per share.May 15Reacquired 1,800 common shares at a market price of $15 per share.Nov. 15Reissued 900 shares held in treasury at a price of $18 per share.Dec. 31Determined that net income for the year was $360,000

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Maurice Tutor
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Status NEW Posted 06 Aug 2017 09:08 PM My Price 5.00

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