Common stock--$10 par value, 50,000 shares authorized, 20,000 shares issued and outstanding
$ 200,000
Paid-in capital in excess of par value, common stock 30,000
Retained earnings 135,000
Total stockholders' equity$ 365,000
Jan.5 Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record.
Feb.28 Paid the dividend declared on January 5.
I cannot explain it. But for Jan 5, I don't get what's the dividend and stuff. Help explain it for me?
$ 200,000
Paid-in capital in excess of par value, common stock 30,000
Retained earnings 135,000
Total stockholders' equity$ 365,000
Jan.5 Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record.
Feb.28 Paid the dividend declared on January 5.
I cannot explain it. But for Jan 5, I don't get what's the dividend and stuff. Help explain it for me?