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Maxfli hot air ballons, inc. completed following transactionsduring 2009 Feb 9 D

ID: 2446087 • Letter: M

Question

Maxfli hot air ballons, inc. completed following transactionsduring 2009 Feb 9 Declared a cash dividend on 10000 shares of $1.50, nopar preferred stock. Delcared a $.20 per share dividend on the10000 shares of common stock outstanding. the date of record isfeb. 16 and payment due date is Feb 28 Feb. 28 Paid the cash dividends Mar. 21Split common stock 2 for 1. Before split, Maxfli had10,000 shares of $10 par common stock outstanding. April. 18 Distributed a 10% stock dividend on common stock.The market value of the common stock was $27 per share June 18 Purchased 2000 shared of treasury stock at $25 pershare Dec. 22 Sold 1000 shares of treasury stock for $28 pershare Pleas help thank you. I will rate Maxfli hot air ballons, inc. completed following transactionsduring 2009 Feb 9 Declared a cash dividend on 10000 shares of $1.50, nopar preferred stock. Delcared a $.20 per share dividend on the10000 shares of common stock outstanding. the date of record isfeb. 16 and payment due date is Feb 28 Feb. 28 Paid the cash dividends Mar. 21Split common stock 2 for 1. Before split, Maxfli had10,000 shares of $10 par common stock outstanding. April. 18 Distributed a 10% stock dividend on common stock.The market value of the common stock was $27 per share June 18 Purchased 2000 shared of treasury stock at $25 pershare Dec. 22 Sold 1000 shares of treasury stock for $28 pershare Pleas help thank you. I will rate

Explanation / Answer

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