Explain the number of shares of stock issued

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Reference no: EM13215702

issued 100,000 shares of stock at $5 each 1,000,000 shares are authorized at $1 par value issued 10,000 shares of common stock for a building and land, the building was appraised for 20,000 but the value of the land is undetermined.the stock is selling for $!0 on open market. purchase 1000 share of it own common stock on the opem market foe $16 per share. declared a dividend of $,10 on outstanding common stock. the dividend is to be paid after the end of the first year of operations . market value is $26. declared a 2 for 1 stock split the market value of of the stock was $37 before the stock split. reported 180,000 of income for the year. indicate each transaction's effect on the asset, liabilities, and stockholders' equity of Horton inc. 2 prepare the stockholders' equity section on the balance sheet.
write a paragraph that explains the number of shares of stock issued and outstanding at the end of the year

Reference no: EM13215702

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