Chemult Company Reported the Following Transactions on a Recent Statement

Short Answer

Chemult Company reported the following transactions on a recent statement of stockholders' equity
a. Declare and pay cash dividends of $5.95 per common share. There are 205,000 shares issued and outstanding.
b. Repurchase 3,455 shares at $49 per share.
c. Issue 202 shares of common stock under employee stock option plan. Exercise price is $49 per share and market price is $67.20 per share.
Assume that the par value of common stock is $1 per share. Use the financial statement effects template, below to record these transactions.