Rizzo Corp. began operations on Jan. 1, 2023. Rizzo Corp. is authorized to issue 250,000 shares of it's 6%, $120 par value preferred stock. The company is authorized to issue 780,000 shares of the common stock with a par value of $5 per share. On January 5, 2023, the company issued 315,000 shares of common stock for cash at $12 per share. On January 2, 2024, the company acquired 30,500 shares of its own common stock at $19 per share. On March 1, 2024, Rizzo Corp. sold 12,500 of these shares at $16 per share. No other treasury
Rizzo Corp. began operations on Jan. 1, 2023. Rizzo Corp. is authorized to issue 250,000 shares of it's 6%, $120 par value
On January 2, 2024, the company acquired 30,500 shares of its own common stock at $19 per share. On March 1, 2024, Rizzo Corp. sold 12,500 of these shares at $16 per share. No other
Question 31 options:
|
|
||
|
|
||
|
|
||
|
|
Trending now
This is a popular solution!
Step by step
Solved in 3 steps