At December 31, the records of Seacrest Enterprises provided the following selected and incomplete data: Common stock (par $1; no changes during the current year). Shares authorized, 10,000,000. Shares issued, ?; issue price $11 per share. Shares held as treasury stock, 54,000 shares, cost $12 per share. Net income for the current year, $1,766,400 Common Stock account, $790,000. Dividends declared and paid during the current year, $1 per share. Retained Earnings balance, beginning of year, $36,800,000. Required: Complete the following: (Round per share to 2 decimal places.) 1-a. Shares issued 1-b. Shares outstanding 2. The balance in Additional Paid-in Capital would be 3. Earnings per share is
At December 31, the records of Seacrest Enterprises provided the following selected and incomplete data: Common stock (par $1; no changes during the current year). Shares authorized, 10,000,000. Shares issued, ?; issue price $11 per share. Shares held as treasury stock, 54,000 shares, cost $12 per share. Net income for the current year, $1,766,400 Common Stock account, $790,000. Dividends declared and paid during the current year, $1 per share. Retained Earnings balance, beginning of year, $36,800,000. Required: Complete the following: (Round per share to 2 decimal places.) 1-a. Shares issued 1-b. Shares outstanding 2. The balance in Additional Paid-in Capital would be 3. Earnings per share is
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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