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

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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