### Required Information#### [The following information applies to the questions displayed below.]The stockholders' equity section of The Seventies Shop is presented here.#### THE SEVENTIES SHOP**Balance Sheet (partial)**_(Amounts in thousands)_- **Stockholders' equity:** - Preferred stock, $50 par value: $0 - Common stock, $5 par value: $13,000 - Additional paid-in capital: $28,600 - **Total paid-in capital**: $41,600 - Retained earnings: $46,000 - Treasury stock: ($2,300)**Total stockholders' equity**: $85,300Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands.#### Question 5**5. If the treasury stock was purchased at $16 per share, how many shares were purchased?** _(Enter your answer in total number of shares, not in thousands.)__Answer Box: Number of shares_

Treasury stock is the reacquired shares by the company. The repurchase of the stock reduces the…

Answered: 5. If the treasury stock was purchased…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 4CE: Prepare the stockholders equity section of the balance sheet based on the following account...

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! Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 19,500 93,600 113, 100 52,500 (3,600) $162,000 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 2. How many shares of common stock have been issued? (Enter your answer in total number of shares, not in thousands.) Number of shares
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OBLEMS Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 13,000 28,600 Dividends paid 41,600 46,000 (2,300) $85,300 Saved Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 4. If retained earnings at the beginning of the period was $39 million and net income during the year was $10,438,750, how much was paid in dividends for the year? (Enter your answer in dollars not in millions. (i.e., 5 should be entered as 5,000,000).)
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7. Homework Chapter 10
The stockholders’ equity section of The Seventies Shop is presented here.THE SEVENTIES SHOP Balance Sheet (partial)($ in thousands)Stockholders’ equity:Preferred stock, $50 par value $ –0–Common stock, $5 par value 20,000Additional paid-in capital 100,000Total paid-in capital 120,000Retained earnings 53,000Treasury stock (3,700)Total stockholders’ equity $ 169,300Required:Based on the stockholders’ equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands.1. How many shares of preferred stock have been issued?2. How many shares of common stock have been issued?3. Total paid-in capital is $120 million. At what average price per share were the common shares issued?4. If retained earnings at the beginning of the period was $45 million and net income during the year was $9,907,500, how…
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5. If the treasury stock was purchased at $16 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousands.) Number of shares