On december 312008 the board of directors declared the full, Ask an Expert

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On December 31,2008 the board of directors declared the full annual stated cash dividend on the preferred stock and a cash dividend of $1 a share on the common stock the date of record is January 7, 2009 and the payment date is January 15,2009. The corporation charter has authorized 45,000 shares of common stock at a par value of $6.50 per share. At the same meeting, the board appropriated retained earnings to the extent of the cost of the treasury.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9977715

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