Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet. (in thousands, except share data) Preferred Shares. $0.01 par value 100,000,000 shares authorized 161,000 shares issued and outstanding Common Shares $0.07 par value, 650.000.000 shares authorized 174,130,881 shares issued and outstanding Paid-in capital Accumulated deficit Accumulated other comprehensive loss Total Reliable Storage shareholders equity Noncontrolling interests Total equity shares x 5 December 31, 2018 per share rounded to s a. Show the computation to derive the $12,189 thousand for common stock. b. At what average price has Reliable Storage issued its common stock?$ $2,817.500 At what average price has the company issued its preferred shares? s 12.189 4.002.940 (404,152) (44,842) 56.383.635 17.675 $6,401,310 thousand on the balance sheet.
Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet. (in thousands, except share data) Preferred Shares. $0.01 par value 100,000,000 shares authorized 161,000 shares issued and outstanding Common Shares $0.07 par value, 650.000.000 shares authorized 174,130,881 shares issued and outstanding Paid-in capital Accumulated deficit Accumulated other comprehensive loss Total Reliable Storage shareholders equity Noncontrolling interests Total equity shares x 5 December 31, 2018 per share rounded to s a. Show the computation to derive the $12,189 thousand for common stock. b. At what average price has Reliable Storage issued its common stock?$ $2,817.500 At what average price has the company issued its preferred shares? s 12.189 4.002.940 (404,152) (44,842) 56.383.635 17.675 $6,401,310 thousand on the balance sheet.
Financial Accounting Intro Concepts Meth/Uses
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ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter15: Shareholders’ Equity: Capital Contributions And Distributions
Section: Chapter Questions
Problem 34P
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![Analyzing and Computing Issue Price and Shares Outstanding
Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet.
(in thousands, except share data)
Preferred Shares. $0.01 par value 100,000,000
161.000
Common Shares. $0.07 par value, 650,000,000
174,130,881
Paid-in capital
Accumulated deficit
Accumulated other comprehensive loss
Total Reliable Storage shareholders equity
Noncontrolling interests
Total equity
shares authorized
shares issued and outstanding
shares authorized.
shares issued and outstanding
shares x S
December 31, 2018
per share rounded to s
a. Show the computation to derive the $12,189 thousand for common stock.
b. At what average price has Reliable Storage issued its common stock?$
$2,817.500
c At what average price has the company issued its preferred shares? $
12.189
4.002.940
(404,152)
(44,842)
$6.383.635
17.675
$6.401,310
thousand on the balance sheet.
d. The company reports Accumulated deficit of $(404,152). What would this account be called if the balance was positive rather than negative?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3654468f-b7c9-4163-bf3e-e65039b5f1cf%2F6b03490d-c371-4cbe-8615-4e18e6eafd44%2Fa8ihaej_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Analyzing and Computing Issue Price and Shares Outstanding
Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet.
(in thousands, except share data)
Preferred Shares. $0.01 par value 100,000,000
161.000
Common Shares. $0.07 par value, 650,000,000
174,130,881
Paid-in capital
Accumulated deficit
Accumulated other comprehensive loss
Total Reliable Storage shareholders equity
Noncontrolling interests
Total equity
shares authorized
shares issued and outstanding
shares authorized.
shares issued and outstanding
shares x S
December 31, 2018
per share rounded to s
a. Show the computation to derive the $12,189 thousand for common stock.
b. At what average price has Reliable Storage issued its common stock?$
$2,817.500
c At what average price has the company issued its preferred shares? $
12.189
4.002.940
(404,152)
(44,842)
$6.383.635
17.675
$6.401,310
thousand on the balance sheet.
d. The company reports Accumulated deficit of $(404,152). What would this account be called if the balance was positive rather than negative?
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