Question1: Matterhorn Company's charter allows it to sell 250,000 shares of $2 / value common stock. To date, the company has sold 100,000 shares for a total of $600,000. Matterhorn has reacquired 4,000 shares from shareholders at a value of $8 / share. Retained earnings equal $250,000.
[A] Calculate total amount of contributed capital should Matterhorn report?
[B] Calculate amount for the Common Stock account?
[C] Calculate the average selling price of each share of common stock?
[D] Find how many shares of stock are outstanding?
[E] Calculate the amount for stockholders' equity?
Question2: On July 9, Board of Directors at Inoculators, Company, met and voted a cash dividend of $0.75 / share on common stock and the annual $4 / share cash dividend on preferred. Persons owning the shares as of July 24 are to earn the dividends which will be paid on August 12. In this set of facts:
August 12 is date of _______.
July 24 is date of ___________.
July 9 is date of _______.