P8-53B CONES INC. OF BAIE-COMEAU COMPLETED THE FOLLOWING TRANSACTION DURING 2020 THE COMPANY TENTH YEAR OF OPERATIONS: S
Posted: Mon May 30, 2022 7:00 am
P8-53B CONES INC. OF BAIE-COMEAU COMPLETED THE FOLLOWING
TRANSACTION DURING 2020 THE COMPANY TENTH YEAR OF OPERATIONS:
SOLD 700 COMMON SHARES FOR $26 PER SHARE.
DECLARED A CASH DIVIDEND ON THE 10,000 $0.60 PREFERRED
SHARE.
DECLARED AND DISTRIBUTED A 10% STOCK DIVIDEND ON THE 30,000
COMMON SHARES OUTSTANDING. THE MARKET VALUE OF THE COMMON SHARES
WAS $25 PER SHARE.
MEASURE THE EFFECTS OF DIVIDENDS AND SHARE TRANSACTIONS ON A
COMPANY
REQUIREMENT
ANALYZE EACH TRANSACTIONS IN TERMS OF ITS EFFECT (IN DOLLARS) ON
THE ACCOUNTING EQUATION OF CONES INC.
TRANSACTION DURING 2020 THE COMPANY TENTH YEAR OF OPERATIONS:
SOLD 700 COMMON SHARES FOR $26 PER SHARE.
DECLARED A CASH DIVIDEND ON THE 10,000 $0.60 PREFERRED
SHARE.
DECLARED AND DISTRIBUTED A 10% STOCK DIVIDEND ON THE 30,000
COMMON SHARES OUTSTANDING. THE MARKET VALUE OF THE COMMON SHARES
WAS $25 PER SHARE.
MEASURE THE EFFECTS OF DIVIDENDS AND SHARE TRANSACTIONS ON A
COMPANY
REQUIREMENT
ANALYZE EACH TRANSACTIONS IN TERMS OF ITS EFFECT (IN DOLLARS) ON
THE ACCOUNTING EQUATION OF CONES INC.