Chapter 10: Stockholders' Equity and Appendix D Use the Stockholders' Equity section of FSB's Balance Sheet to answer the questions below. FSB Enterprises Balance Sheet (partial) At December 31, 202A Stockholders' Equity: Preferred stock (Par $100) 1,000,000 120,000 Common stock (Par $0.20) Additional Paid in capital 8,915,000 Total paid in capithl Retained earnings Treasury stock (3,000 common shares) Total stockholders equity 10,035,000 1,400,000 -54,000 11,381,000 1 How many shares of preferred stock have been issued? 2a How many shares of common stock have been issued? 2b How many of the common shares are outstanding? 3 If the common shares were issued at $15 per share, at what average price were preferred shares issued? Carry to two decimals. 4 If retained earnings at the beginning of the period was $1,250,000 and $325,000 was earned in net income, what was the amount of dividends declared during the year? What was the average cost per share of the treasury stock acquired? Carry to two decimals.
Chapter 10: Stockholders' Equity and Appendix D Use the Stockholders' Equity section of FSB's Balance Sheet to answer the questions below. FSB Enterprises Balance Sheet (partial) At December 31, 202A Stockholders' Equity: Preferred stock (Par $100) 1,000,000 120,000 Common stock (Par $0.20) Additional Paid in capital 8,915,000 Total paid in capithl Retained earnings Treasury stock (3,000 common shares) Total stockholders equity 10,035,000 1,400,000 -54,000 11,381,000 1 How many shares of preferred stock have been issued? 2a How many shares of common stock have been issued? 2b How many of the common shares are outstanding? 3 If the common shares were issued at $15 per share, at what average price were preferred shares issued? Carry to two decimals. 4 If retained earnings at the beginning of the period was $1,250,000 and $325,000 was earned in net income, what was the amount of dividends declared during the year? What was the average cost per share of the treasury stock acquired? Carry to two decimals.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Chapter 10: Stockholders' Equity and Appendix D
Use the Stockholders' Equity section of FSB's Balance Sheet to answer the questions below.
FSB Enterprises
Balance Sheet (partial)
At December 31, 202A
Stockholders' Equity:
Preferred stock (Par $100)
Common stock (Par $0.20)
Additional Paid in capital
1,000,000
120,000
8,915,000
Total paid in capital
Retained earnings
Treasury stock (3,00 common shares)
Total stockholders equity
10,035,000
1,400,000
-54,000
11,381,000
1 How many shares of preferred stock have been issued?
2a How many shares of common stock have been issued?
2b How many of the common shares are outstanding?
3 If the common shares were issued at $15 per share, at what average price
were preferred shares issued? Carry to two decimals.
4 If retained earnings at the beginning of the period was $1,250,000 and
$325,000 was earned in net income, what was the amount of dividends
declared during the year?
What was the average cost per share of the treasury stock acquired? Carry
5
to two decimals.
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