**Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding**The following is the stockholders' equity section from Chipotle Mexican Grill, Inc.'s balance sheet (in thousands, except per share data).---**Shareholders' Equity (December 31, 2014)**| Category | Amount ($) ||--------------------------------------------|---------------|| Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of December 31, 2014 | — || Common stock, $0.01 par value, 230,000 shares authorized, and 39,123 shares issued as of December 31, 2014 | 391 || Additional paid-in capital | 1,300,547 || Treasury stock, at cost, 4,605 common shares at December 31, 2014 | (749,521) || Accumulated other comprehensive income (loss) | (429) || Retained earnings | 1,722,271 || **Total shareholders' equity** | **2,273,259** |---a. **Show the computation to derive the $391 thousand for common stock.**Calculation:39,123 shares X $0.01 = 391 thousand (rounded to the nearest whole number)b. **At what average price has Chipotle issued its common stock?**Round to two decimal places.$0.01 (incorrect)c. **How many shares of Chipotle common stock are outstanding as of December 31, 2014?**0 thousand (incorrect)d. **At what average cost has Chipotle repurchased its treasury stock as of December 31, 2014?**Round to two decimal places.$0 (incorrect)

Treasury stock or reacquired stock refers to the shares which are bought back from existing…

a. Show the computation to derive the $391 thousand for common stock. 39,123 V shares X $ 0.01 391 v thousand (round to the nearest whole number) b. At what average price has Chipotle issued its common stock? Round to two decimal places. $ 0.01 c. How many shares of Chipotle common stock are outstanding as of December 31, 2014? x thousand d. At what average cost has Chipotle repurchased its treasury stock as of December 31, 2014? Round to two decimal places. $ 0

a. Show the computation to derive the $391 thousand for common stock. 39,123 V shares X $ 0.01 391 v thousand (round to the nearest whole number) b. At what average price has Chipotle issued its common stock? Round to two decimal places. $ 0.01 c. How many shares of Chipotle common stock are outstanding as of December 31, 2014? x thousand d. At what average cost has Chipotle repurchased its treasury stock as of December 31, 2014? Round to two decimal places. $ 0

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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