Use the Information for Hampton Inc

question 49

Short Answer

Use the information for Hampton Inc. for the year ending December 31, 2009 that follows to answer questions 25 through 28.
The following are relevant account balances from Hampton's comparative balance sheet and 2009 income statement. Hampton's balance sheets:
Other information:
No equipment was sold or retired during 2009. Hampton's net income for 2009 was $33,000.
-Calculate the cash proceeds from the issuance of common stock during 2009.

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Definitions:

Stock Dividends

Dividends paid to shareholders in the form of additional shares of the company's stock, rather than cash.

Economic Value

The value of an asset, product, or service determined through its ability to generate income or benefits for its owner.

Stock Dividend

A distribution of extra shares as a dividend, rather than distributing cash.

Stockholder Wealth

The total value of a shareholder's investment in a company, typically measured by the market value of shares held.