Chapter 10: Stockholders' Equity and Appendix DUse the Stockholders' Equity section of FSB's Balance Sheet to answer the questions below.FSB EnterprisesBalance Sheet (partial)At December 31, 202AStockholders' Equity:Preferred stock (Par $100)Common stock (Par $0.20)Additional Paid in capital1,000,000120,0008,915,000Total paid in capitalRetained earningsTreasury stock (3,00 common shares)Total stockholders equity10,035,0001,400,000-54,00011,381,0001 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 pricewere 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 dividendsdeclared during the year?What was the average cost per share of the treasury stock acquired? Carry5to two decimals.

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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 Total paid in capital Retained earnings Treasury stock (3,00 common shares) Total stockholders equity 1,000,000 120,000 8,915,000 10,035,000 1,400,000 -54,000 11,381,000

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 Total paid in capital Retained earnings Treasury stock (3,00 common shares) Total stockholders equity 1,000,000 120,000 8,915,000 10,035,000 1,400,000 -54,000 11,381,000

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter16: Financial Statements And Closing Entries For A Corporation

Section16.2: Preparing A Statement Of Stockholders’ Equity

Problem 1OYO

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