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12 Part 1 of 5) eBook Ask Priet Required information. [The following information applies to the questions displayed below.) The stockholders' equity section of Ironworks is presented here. IRONWORKS Balance Sheet (partial) ($ and shares in thousands) Stockholders equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings: Treasury stock, 10,000 common shares Total stockholders' equity $4,500 15,000 363,000 Number of shares 382,500 273,000 (170,000) $485,500 Based on the stockholders' equity section of Ironworks, answer the following questions. Remember that all amounts are s presented in thousands. Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.)

12 Part 1 of 5) eBook Ask Priet Required information. [The following information applies to the questions displayed below.) The stockholders' equity section of Ironworks is presented here. IRONWORKS Balance Sheet (partial) ($ and shares in thousands) Stockholders equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings: Treasury stock, 10,000 common shares Total stockholders' equity $4,500 15,000 363,000 Number of shares 382,500 273,000 (170,000) $485,500 Based on the stockholders' equity section of Ironworks, answer the following questions. Remember that all amounts are s presented in thousands. Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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12 Part 1 of 5) eBook Ask Priet Required information. [The following information applies to the questions displayed below.) The stockholders' equity section of Ironworks is presented here. IRONWORKS Balance Sheet (partial) ($ and shares in thousands) Stockholders equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid in capital Total paid-in capital Retained earnings Treasury stock, 10,000 common shares Total stockholders equity $4,500 15,000 363,000 382,500 273,000 (170,000) $485,500 Based on the stockholders' equity section of Ironworks, answer the following questions. Remember that all amounts are presented in thousands. Number of shares Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.)
Transcribed Image Text:12 Part 1 of 5) eBook Ask Priet Required information. [The following information applies to the questions displayed below.) The stockholders' equity section of Ironworks is presented here. IRONWORKS Balance Sheet (partial) ($ and shares in thousands) Stockholders equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid in capital Total paid-in capital Retained earnings Treasury stock, 10,000 common shares Total stockholders equity $4,500 15,000 363,000 382,500 273,000 (170,000) $485,500 Based on the stockholders' equity section of Ironworks, answer the following questions. Remember that all amounts are presented in thousands. Number of shares Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.)
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